Jive Communications Expands Its Utah County, Utah, Production Facility
02/14/2014
“The success Jive is experiencing speaks to the solidity and efficiency with which the company has been run over the past eight years,” said Spencer P. Eccles, Executive Director for the Utah Governor’s Office of Economic Development. “As a state, we look forward to the new jobs and economic growth that the expansion will bring to Utah County.”
“We’re proud to be a Utah-based company,” said John Pope, Jive’s CEO. “The state has a wealth of technical and business professionals, and we’re able to hire world-class talent here at home.”
“EDCUtah is pleased to see the expansion of Jive Communications in Utah County,” said Jeff Edwards, President and CEO of the Economic Development Corporation of Utah. “The information technology sector in the state will be greatly enhanced by Jive’s commitment to grow their operations here.”
According to state economic development officials, over the next five years Jive Communications will pay at least $6,255,476 in new state taxes and $130,946,265 in new state wages. Capital investment for this expansion will be approximately $6.4 million.
As part of a contract with Jive Communications, the GOED Board of Directors has approved a maximum cap tax credit of $938,321 in the form of a post-performance Economic Development Tax Increment Finance incentive, which is 15 percent of the net taxes Jive Communications will pay over the five-year life of the agreement. Each year as Jive Communications meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
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
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 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
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023