EMC Corporation Invests $62 Million To Expand Draper, Utah, Manufacturing Center
The company’s Utah facility, selected for both location and access to a skilled workforce, provides a variety of IT and client services, including serving U.S. federal agencies and global customers.
“EMC is excited to continue our journey in Draper,” said Vance Checketts, Vice President and General Manager of EMC’s Utah operations. “We are extremely pleased with the progress the company has seen during the last several years, and the strong partnership we have formed with both community and government leaders. EMC prides itself on being an employer of choice, not only globally, but locally as well, and it was an honor to be recognized by Utah Business Magazine as a ‘Best Large Company to Work For.’ We look forward to continuing to strengthen our relationship with the community.”
As part of the contract with EMC, the GOED Board of Directors approved up to a maximum tax credit of $3,873,191 in the form of post-performance Economic Development Tax Increment Finance incentive, which is 25 percent of the new state taxes EMC will pay over the 10-year life of the agreement. Each year as EMC meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
“Utah has experienced intense growth in the tech industry in recent years and EMC has been a significant part of that expansion,” said Jeff Edwards President/CEO of the Economic Development Corporation of Utah. “EMC could have chosen to go anywhere in the world but picked Utah. Their commitment to creating strong career opportunities in Utah has helped the state become one of the leading markets for tech talent growth.”
“Utah’s booming IT sector has gained national attention and continues to be an integral part of our economy,” said Governor Gary R. Herbert. “EMC has been a major partner in building Utah’s Silicon Slopes, and we are grateful for their positive impact. We look forward to their future contributions.”
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
The Next Recovery: Regional Leaders & Laggards
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row