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Article: State OKs incentive for Goldman Sachs

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Deseret News (Salt Lake City)
Article date:
September 11, 2009
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One of the country's largest investment banks has agreed to bring nearly 700 new jobs to Utah by next year following the approval of a multimillion-dollar expanded incentive offer.

Under the modified incentive plan approved Thursday by the Governor's Office of Economic Development Board, Goldman Sachs will receive up to $47.3 million in tax credits over the next 20 years. About a year ago, the board approved a $20 million tax credit incentive.

The original incentive was based on the company adding 375 full- time workers in Utah. The modified incentive boosts that figure by 315 to 690 new jobs. By the end of 2010, the firm expects to reach a head count of up to 1,040 in Utah.

"Average ...

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