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Cardon Outreach is Making Healthcare AffordableAugust 08 2013 - 3:21 pm
For Immediate Release
August 8, 2013
Chuck Kable, General Counsel
GOED Communications Director
Cardon Outreach is Making Healthcare Affordable
Cardon Outreach to create more than 300 new jobs
Salt Lake City, UTAH — The Governor’s Office of Economic Development (GOED) announced today that Cardon Outreach will expand in Utah creating 308 new jobs.
“Having the best medical care available is extremely important for our Utah residents and Utah is home to world renowned medical centers and medical providers who provide the best medical services at the lowest cost possible,” said Spencer P. Eccles, Executive Director of GOED. “Cardon provides an important bridge between patient and provider, their growth in Utah will provide quality jobs for our residents as they support important patient services.”
Over the 15 year life of the agreement with the state, the company will pay out more than $215,071,341 in new state wages. All of the incented jobs will pay at least 125% of the county’s average annual wage, including benefits.
During the same time period, Cardon Outreach will pay approximately $9,151,570 in new state taxes and will invest $5.3 million in capital expansion in Salt Lake County.
“A very positive experience with our operations hub in Sandy, Utah has encouraged us to consolidate more of our back office operations from other processing centers to Utah, and to focus on Utah for our centralized service functions going forward,” says Mark Robinson, CEO if Cardon Outreach. “Cardon Outreach’s corporate headquarters will remain in The Woodlands, Texas for the foreseeable future.”
Cardon Outreach strives to reduce the financial burden of medical bills on patients and the healthcare providers that serve them. The innovative service that Cardon Outreach provides brings the needs of healthcare providers and individuals together in a comprehensive package.
“Cardon Outreach’s success with their team in Sandy, Utah gave them the confidence to invest in a major expansion in the state,” says Jeff Edwards, president and CEO the Economic Development Corporation of Utah. “We have this happen with companies many times; they test the waters with a small office and then recognize that Utah’s highly-skilled workforce and unparalleled quality of life make it the best choice for an expansion.”
The GOED Board of Directors has approved a $1,830,314 Economic Development Tax Increment Finance (EDTIF) post-performance refundable tax credit, which the company can earn or 20 percent of the net taxes paid by the company over the lifetime of the 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.