Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Oracle to bring 351 high-tech jobs to Utah
Incentive deal » Hardware/software giant’s tax break will bring 351 high-tech positions.
First Published Jun 12 2014 05:22 pm • Last Updated Jun 13 2014 02:59 pm

Oracle is bringing 351 high-paying jobs to Utah.

Now the hardware and software engineering company has to decide whether to develop its new customer software-support center in Salt Lake City or in the high-tech corridor sprouting between Draper and Lehi.

Join the Discussion
Post a Comment

Either site is good for the state, members of the Governor’s Office of Economic Development board concurred Thursday, approving a $2.8 million incentive package to entice the California company to pick Utah over Texas.

The post-performance incentive is worth about 25 percent of the new taxes Oracle is expected to generate in the incentive’s 10-year life span.

In exchange, board member Jerry Oldroyd noted that Oracle intends to create the 351 new jobs, which pay 125 percent of Salt Lake County’s average wage. Over a decade, that adds up to $239 million in new state wages and $11.3 million in new tax revenues.

Oracle also could make a capital investment of up to $6.1 million in the facility.

"We have been impressed by the high-tech growth in Utah, and we’re pleased to be expanding our presence here," said Randy Smith, Oracle’s vice president of real estate and facilities.

"The state offers a unique blend of potential economic growth as well as a highly skilled workforce," he added, noting that Oracle already has a data center in West Jordan. "The opportunities in Utah are very clear. It’s the right place for us to grow."

Utah wasn’t even in the running for the software-support center before GOED board member Margaret Lasecke-Jacobs got involved.

An Oracle executive until 2000, she encouraged her former colleagues to give the Beehive State a look. They did, liked what they saw and changed their plans, said Theresa Foxley, GOED’s new managing director of corporate recruitment and business services.


story continues below
story continues below

"This will be a brand-new model for Oracle," Lasecke-Jacobs said. "Utah will become a vital part of Oracle’s story."

Outgoing GOED Executive Director Spencer P. Eccles said Oracle’s decision is another sign of Utah’s emergence as a "tech hot spot." That reputation is based on the state having an educated workforce, lower operating costs, a high quality of life and a growing concentration of technology companies.

Oracle’s presence just adds to that concentration and "enhances our ability to grow the information-technology industry and continue to attract first-rate technology jobs to Utah," said Jeff Edwards, president and CEO of the Economic Development Corp. of Utah.

Including Oracle’s projected hires, GOED incentives for the year ending June 30 have helped seal deals that created 6,883 jobs in the state this year, Foxley said. The goal was 5,838.

mikeg@sltrib.com Twitter: @sltribmikeg



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.