AmTrust Financial Services Opens South Jordan, Utah, Operations Center
08/16/2021
“We remain committed to our existing office locations, and we’re excited to announce the opening of an office in the greater Salt Lake City area. This allows us to better balance workloads and places us at a competitive advantage,” said Andrew Morgan, Executive Vice President and chief claims officer at AmTrust Financial. “The new office supports AmTrust’s growth in the Western U.S. to serve our agents and small businesses better.”
AmTrust may receive up to 15% of the additional state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit. The Go Utah Board has approved a post-performance tax credit not to exceed $244,262. Each year that AmTrust meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“We’re excited for AmTrust to join us in Utah and add to the state’s robust financial services industry,” said Dan Hemmert, the Office of Economic Opportunity’s executive director. “One thing that stands out with AmTrust is they have a training program for both new and experienced employees that helps them attract employees. We welcome AmTrust to the great state of Utah.”
AmTrust underwrites and provides property and casualty insurance products to niche customer groups generally underserved within the broader insurance market. The company operates in the U.S. and internationally in three industry segments: small commercial business, specialty risk and extended warranty, and specialty program.
“While the pandemic delayed the planned office, we’re thrilled AmTrust chose to move forward,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah. “We know the company will find South Jordan a productive location, and we hope this project is a harbinger of more to come in Utah’s financial services industry.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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 CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024