MasterControl Invests $15 Million To Expand Salt Lake City, Utah Headquarters
06/18/2013
The firm produces software products that enable companies, in a highly regulated environment such as Life Sciences, to get products to market in a timely, cost effective and efficient manner. The firm’s headquarters is located in the technology-prime Cottonwood Heights area of Salt Lake City, in a new LEED Gold Certified sustainable building space that features offices and conference rooms named after famous Utah natural landmarks.
“We operate on the principle of delivering success to our customers, with the view that our employees are the most significant contributors and resource in that value stream,” said MasterControl CEO Jon Beckstrand. “As a result, we purposely place our product design, engineering, and services employees close to our customers. That definitely runs counter to most of our competitors, who have chosen to outsource their technical jobs far away from customers, in lower cost markets. They may see short-term gains, but our strategy is focused on long-term value and success for our customers.”
“Utah is renowned for its business friendly climate,” Gov. Gary R. Herbert said. “Like Utah, MasterControl recognizes the importance of sensible regulation and is in business to help key industries innovate and grow.”
"The most reliable indicator of a strong business climate is the decision by a company in an existing industry to expand locally," said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. "We are pleased that MasterControl has made that choice in Salt Lake City."
As an incentive to assist with its expansion plans, the Governor’s Office of Economic Development Board of Directors approved a $836,059 Economic Development Tax Increment Finance post-performance refundable tax credit, which the company can earn, or 20 percent of the net taxes paid by the company over the lifetime of the incentive.
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024