Xactware Invests $130 Million In New Lehi, Utah Facility, With Plans To Hire 859 Employees
08/15/2012
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."
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024