Xactware Invests $130 Million In New Lehi, Utah Facility, With Plans To Hire 859 Employees
According to the Utah Governor's Office of Economic Development, Xactware's insurance company customers write 80 percent of all claims in the United States. Each day more than 14,000 insurance claims files flow through Xactware's Utah-based servers.
The firm plans to move its headquarters and operations center from Orem, Utah, several miles north to Lehi, a city of 47,400 residents on Interstate 15. Its new facility, which will be located near Timpanogos Highway just two miles from the new Thanksgiving Point FrontRunner station and within walking distance of a future TRAX station and the new Murdock Canal Trail system. The facility will feature a state-of-the-art data center, beach volleyball courts, basketball courts, and a fitness center.
As an incentive, The Governor's Office of Economic Development said as the company completes this expansion and meets hiring quotas, it will qualify for a maximum post-performance Economic Development Tax Increment Financing tax credit of up to $32,262,990 over the life of the agreement.
"Xactware has experienced phenomenal growth by tapping into Utah's hard-working and intelligent high-tech workforce," said Jim Loveland, Xactware's president and CEO. "We're pleased to be able to continue our growth and build on the strength of our Utah roots."
"We are very excited that Xactware has decided to come to Lehi," said Lehi's mayor, Bert Wilson. "We are building our own little Silicon Valley out here, and we are thrilled to have yet another high-tech business come to our city. The employees Xactware brings are nothing but high-caliber."
E. & J. Gallo Winery Plans Chester County, South Carolina, Production Center & Distribution Hub
A Turnkey Approach to Manufacturing Location Decisions
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Life Sciences Fueling Construction Demand
What’s Driving Record Industrial Real Estate Demand
In Focus: The Effects of the Pandemic on Industrial Design
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts