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Advice Media Plans Expansion in Park CityJanuary 08 2015 - 4:17 pm
For Immediate Release
January 8, 2015
Michael Sullivan, GOED Communications Director
Advice Media/Atlas Insight
Advice Media Plans Expansion in Park City
The rapidly growing IT company will continue to invest in Summit County
“We are pleased that Advice Media has chosen to expand in Utah,” said Val Hale, executive director of GOED. “They have been and will continue to be a valuable contributor to the growth of the state’s IT cluster and the increasing prominence of Utah’s Silicon Slopes.”
Based in Park City and with a growing office in the Philippines, Advice Media is a professional team consisting of writers, programmers, graphic artists and digital marketing experts delivering leading solutions for online publishing and marketing.
Advice Media deals primarily with providing digital marketing services for health care practices. Due to rising fixed costs for health care practices, demand for the company’s services is on the rise. As part of the expansion, Advice Media will continue to provide employees 1-2 hour weekly trainings in transferrable skills, plus a twice-a-year, 3 day intensive training.
“Summit County is a fantastic place to work, live and raise a family,” said Shawn Miele, CEO of Advice Media. “All of our employees love being here. As an organization, we are excited to create year-round, high-paying jobs and lifetime career paths in what has traditionally been a local economy largely focused on seasonal employment. We are incredibly excited to be part of the growth in Utah’s Silicon Slopes and thank the State of Utah and the Governor’s office for the help they are providing to us.”
Advice Media has indicated that they will be creating 100 new jobs over the next five years. The total wages, including medical benefits, in aggregate are expected to exceed 125 percent of the Summit County average wage. The projected new state wages over the life of the agreement are expected to be approximately $17,571,355. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $1,385,348 over five years. The expansion has the potential to result in an expected capital investment of $1 million.
“Congratulations to Advice Media on announcing their plans to expand operations in Park City,” said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. “We are excited that they continue to experience so much success in Summit County. Their decision to add 100 additional new jobs is great news for the local community and the state as a whole.”
As part of the contract with Advice Media, the GOED Board of Directors has approved up to a maximum tax credit of $207,802 in the form of post-performance Economic Development Tax Increment Finance (EDTIF) incentive, which is 15 percent of the new state taxes Advice Media will pay over the five-year life of the agreement. Each year as Advice Media meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information please contact: Michael Sullivan, 801-538-8811 or firstname.lastname@example.org.
About Advice Media
Advice Media has been building and managing market leading websites since 1998. Headquartered in Park City, UT with a growing office in the Philippines, we are the powerhouse behind informational websites like ImplantInfo.com, LipoSite.com and FaceForum.com and have become a digitial marketing go-to for more than 400 clients. Advice Media has a long-term, proven track record of designing websites and online strategies that appeal to consumers, perform well in search engine results and bring customers through your doors. For more information, email email@example.com.