Quick Base Expands Salt Lake City, Utah, Operations
05/13/2019
“We are excited that Quick Base has selected Utah to open a second location,” Val Hale, Executive Director of the Governor’s Office of Economic Development. “Quick Base will expand their Utah facility with sales executive, customer success, solution engineering, marketing, software developer and customer care roles.”
The company, headquartered in Cambridge, Massachusetts, was acquired by Vista Equity Partners in April 2019 and currently has 359 employees. “Salt Lake City has become a vibrant technology hub with an impressive pool of talent, which made it an obvious choice as we looked for locations for our second office,” said Rick Willett, Quick Base CEO. “As companies across every industry continue to empower their employees with our application-building platform, we have added enhanced security, mobile access and a visual design tool to Quick Base. A second location in Salt Lake City and an increase in our headcount, will help us to further serve our customers across the U.S.”
“This project is exciting on many fronts. For one thing, it’s bringing very high-paying jobs to our state, and for another, it’s highlighting that downtown Salt Lake City has a tech vibe to match any locale in our entire Silicon Slopes,” said Theresa Foxley, President & CEO of the Economic Development Corporation of Utah.”
The Utah Legislature has authorized economic development incentives in the form of post-performance tax rebates. As an incentive, Quick Base 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 Finance (EDIF) tax credit rebate. As part of the contract with Quick Base, the GOED Board of Directors has approved an EDTIF post-performance tax credit not to exceed $1,257,983 representing 20 percent of the estimated $6,289,915 of new state revenue, which may be earned over five years. Each year Quick Base meets the criteria in its contract with the state, the company will earn a portion of the total tax credit rebate.
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