Connexion Point Expands Salt Lake City, Utah, Headquarters
10/17/2016
“Homegrown companies like Connexion Point are innovating the healthcare industry and continue to put Utah on the map as a tech leader,” said Val Hale, Executive Director of Utah Governor’s Office of Economic Development.
“This partnership with GOED enables us to accelerate our growth plan, expand our software as a service and analytics solutions, and further invest in our XE platform,” said Robert McMichael, President/CEO of Connexion Point.
The total wages in aggregate are required to exceed 110 percent of the county average wage.
As an incentive, Connexion Point may earn up to 20 percent of the new state taxes they will pay over the five-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Connexion Point, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $944,571. Each year as Connexion Point meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
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