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Tax Credits for Companies

As part of its corporate incentives strategy, GOED offers tax credits to Utah-based companies and companies eager to move to or expand their operations in the state. Since its 2005 inception, approximately two-thirds of the companies participating in the state’s tax credit incentive program are Utah-based companies.

Companies such as Northrop Grumman, Facebook, and Boeing, to name a few, are among the household names operating in Utah.

Companies that receive Utah economic development incentives, managed by GOED, commit to meeting specific criteria outlined in the company’s Economic Development Tax Increment Financing (EDTIF) contract with the state. The data reported by the company are based on projected information it anticipates occurring by the end of the contract term.

Below is a table of incented companies, with data that can be searched and sorted by column.

To read recent tax credit announcements, visit GOED’s newsroom. To learn more, please contact us.

Adobe
Amazon
Amer Sports
Boeing
Cabela's
doTerra
Edwards
GE Healthcare
Goldman Sachs
HealthEquity
The Home Depot
Instructure
L3 Harris
Malouf
Merit Medical
Northrop Grumman
Pluralsight
Qualtrics
Stadler Rail US
Vivant Solar

Incented Companies

= The company is either headquartered in Utah or had operations in the state before receiving the tax credit.
CompanyYearJobsState WagesState RevenueCapital InvestmentMaximum Cap IncentiveRebate PercentageTerm
Sunwest Bank202163$26,860,040$2,622,614$250,000$524,52320%5 Years
Captive-Aire Systems, Inc.202150$4,6124000$668,931$2,600,000$133,78620%7 Years
Denali Therapeutics, Inc.2021100$108,105,775$9,039,295$40,000,000$1,355,89415%10 years
Plastic Ingenuity, Inc.202196$86,708,572$8,263,106$70,000,000$1,239,46615%15 years
Scorpion Design, LLC20211,007$339,950,000$16,913,707$18,900,000$3,382,74120%5 Years
Route App, Inc.20213,353$2,246,945,370$115,863,540$17,285,800$23,172,70820%11 years
Carvana Co.2021173$53,437,904$3,788,682$42,500,000$757,73620%7 Years
Domo, Inc.20212,230$1,788,000,000$93,258,800$30,000,000$23,314,70025%10 years
Cytiva2020160$33,951,060$9,654,556$18,724,000$1,448,18315%5 Years
Traeger Pellet Grills LLC2020120$56,824,048$5,882,866$24,000,000$882,43015%7 Years
Airborne ECS202073$23,246,659$9,557,618$20,000,000$1,433,64315%7 Years
Quotient Technology Inc.2020520$374,918,851$14,633,262$10,000,000$2,926,65220%10 years
Williams International2020300$91,325,700$34,027,902$60,000,000$6,809,58020%7 Years
Waystar202070$45,186,871$2,726,396$1,000,000$408,95915%7 Years
Misfits Market2020105$27,957,143$2,854,009$25,000,000$429,60115%5 Years
1-800 Accountant (Accounting Fulfillment Services, LLC)2020120$26,060,241$1,073,159$211,000$160,97415%5 Years
Malouf20201,195$465,315,612$57,546,199$120,000,000$14,386,55025%10 years
GoHealth, LLC20201,159$259,769,152$65,241,225$10,000,000$13,048,24520%5 years
Anglepoint Group, Inc.202093$19,433,830$1,522,323$410,000$228,34815%5 years
HealthEquity, Inc.2020550$281,109,990$11,668,830$41,000,000$2,333,76620%7 years
RS Technologies, Inc.2020358$61,634,675$3,888,352$35,000,000$777,67020%7 years
Nelnet, Inc.202052$23,325,900$897,991$1,000,000$134,69915%5 years
Deserve, Inc.2020258$44,127,648$1,870,446$1,200,000$374,08920%5 years
SVB Financial Group2020116$31,967,346$2,311,428$4,769,906$346,71415%3 years
Procter & Gamble Company2020221$375,293,226$13,932,761$310,000,000$4,191,95430%20 years
Northrop Grumman Corporation20202,250$4,487,623,200$199,731,465$380,000,000$59,919,43930%20 years
BlueVine Capital Inc.20191,449$422,646,676$16,351,108$20,000,000$4,087,77725%9 years
Callaway Golf Company (Jack Wolfskin North America)201950$12,455,500$703,074$500,000$105,46115%5 years
GE Healthcare201968$10,457,411$1,697,025$31,000,000$254,55415%5 years
Weave Communications, Inc.2019997$651,810,226$25,923,825$65,000,000$5,184,76520%10 years
Breeze Aviation2019369$128,900,000$5,410,000$3,250,000$1,082,00020%5 years
Amazon Web Services, Inc.2019300$304,259,525$12,497,597$25,350,000$2,499,51920%10 years
Qualtrics20192,245$1,494,700,000$131,131,340$45,000,000$32,782,83525%10 years
Amer Sports2019110$14,895,743$1,521,076$1,500,000$228,16115%5 years
Brex, Inc.20191,000$281412106$10947387$23400000$273684725%7 years
Intermountain Electronics, Inc.2019289$251,564,824$21,582,270$12,500,000$6,474,68130%15 years
Castlight Health, Inc.2019235$115,887,125$4,601,934$2,250,000$920,38720%5 years
GOEX Corporation2019100$23,452,335$1,826,496$15,000,000$365,29920%7 years
Tyson Fresh Meats Inc.2019500$202,633,508$27,791,620$286,000,000$5,258,32420%10 years
Quick Base Inc.2019485$169,425,308$6,289,915$713,462$1,257,98320%5 years
Infab Corporation201990$11,148,000$789,753$5,000,000$157,95120%5 years
Ancestry US Holdings Inc.2019506$316,971,619$12,228,599$10,500,000$2,445,72020%9 years
L3 Technologies, Inc.2019250$183,050,000$6,795,731$0$1,259,14620%9 years
Galileo Processing, Inc.2019300$121,519,662$12,049,265$15,000,000$2,409,85320%7 years
Teem, LLC2019250$83,618,889$3,104,351$1,000,000$620,87020%5 years
Oatly, Inc.201950$17,327,500$2,954,627$40,000,000$295,46310%7 years
Amer Sports2018155$43,576,754$6,570,270$32,000,000$1,314,05420%10 years
Merit Medical Systems, Inc.20181,010$983,686,603$71,495,027$505,000,000$17,873,75725%15 years
Essence Global2018125$22,442,500$1,910,530$3,100,000$191,68810%5 years
Bullfrog Spas, LLC2018150$35,790,789$2,230,885$20,000,000$334,63315%5 years
LendingClub Inc.2018860$543,922,175$22,430,269$17,850,000$4,486,05420%10 years
HealthEquity, Inc.2018500$160,675,210$10,193,600$29,800,000$2,038,72020%7 years
Cornerstone OnDemand Inc.2018355$156,338,704$6,076,674$4,400,000$1,215,33520%7 years
Moog Inc.2018120$73,755,064$4,903,768$2,230,000$980,75420%10 years
Sarcos Corporation2018292$58,578,853$6,166,234$2,366,657$1,233,24720%5 years
Canopy Tax, Inc2018538$149,707,284$6,203,272$7,500,000$1,240,65420%5 years
GoHealth, LLC2018363$84,645,000$3,216,488$900,000$643,29820%5 years
Clarus Corporation2018147$91,067,138$8,936,826$40,000,000$1,787,36520%8 years
Borsight, Inc.201895$33,319,518$4,125,041$6,300,000$825,00820%7 years
a2b Fulfillment, Inc.201875$13,254,846$546,471$840,000$54,64710%5 years
Centrify Corporation2018200$69,204,079$2,784,718$4,500,000$556,94420%5 years
Parker-Hannifin Corporation201877$17,786,900$6,690,562$2,754,562$1,003,58415%6 years
TaskEasy, Inc.2017191$50,826,118$5,378,949$3,500,000$806,84215%5 years
eShares, Inc. dba Carta2017464$122,687,203$5,735,389$5,700,000$1,147,07820%5 years
Snap Inc.201750$334,260,021$12,685,151$1,800,000$2,537,03020%15 years
Stryker Corporation2017540$192,201,004$16,966,358$100,000,000$3,393,27220%10 years
Pluralsight20172,464$1,421,599,490$86,190,587$371,770,433$21,547,64725%10 years
AvidXchange2017218$47,046,117$1,769,236$3,500,000$359,24720% 5 years
Earnest, Inc.2017500$63,622,881$14,017,108$5,625,000$2,803,42220%5 years
Adobe20171,260$2,276,503,256$85,837,527$90,000,000$25,751,25830%20 years
Amazon2017130$85,532,234$28,403,534$200,000,000$5,680,70720%8 years
Alliance Data Systems2017105$33,864,658$5,053,513$15,600,000$758,02715%5 years
Podium2017426$124,689,998$5,421,960$10,000,000$1,084,39220%5 years
Varo Money2017331$44,500,000$1,681,910$2,800,000$336,38220%5 years
Electronic Power Systems2017128$38,869,950$8,373,904$11,600,000$1,674,78120%7 years
Litehouse, Inc.2017165$44,922,713$1,733,815$40,000,000$346,76320%8 years
UPS2016195$106,202,415$23,803,210$207,000,000$4,760,64220%8 years
Collective Medical Technologies2017587$235,303,666$9,091,527$10,000,000$1,818,30520%8 years
Biomerics2017380$133,035,032$15,022,082$38,500,00$3,004,41620%8 years
Packsize International2017354$125,290,823$6,010,146$9,200,000$1,202,02920%7 years
Mueller Industries2017125$31,291,115$2,475,952$18,900,000$495,19020%20 years
Lucid Software, Inc.2016339$91,190,287$3,631,346$11,000,000$726,26920%5 years
Womply2016175$41,325,000$1,952,888$100,000$292,93315%5 years
The WhiteWave Foods Co.2016105$27,207,296$5,009,392$70,000,000$1,001,87820%6 years
Connexion Point2016221$73,838,450$4,722,853$9,000,000$944,57120%5 years
PillPack2016300$50,057,832$2,053,229$32,000,000$410,64620%5 years
Snap Finance2016142$33,483,873$3,759,592$2,500,000$563,93915%5 years
Decorworx2016164$29,291,381$1,590,621$11,500,000$318,12420%8 years
Duncan Aviation2016700$389,092,501$19,857,070$53,000,000$5,957,12130%15 years
Press Ganey201697$15,359,375$2,981,166$11,000,000$447,17515%5 years
Entrata Property Solutions2016191$38,135,356$1,631,800$6,000,000$326,36020%5 years
Peek2016100$17,248,103$1,374,770$3,000,000$206,21515%5 years
SoFi2016400$108,913,804$5,778,076$8,000,000$1,155,61520%5 years
Honeyville, Inc.2016115$35,982,547$2,601,306$23,000,000$520,26120%8 years
HealthEquity, Inc2015200$66,597,253$2,497,397$10,000,000$569,90720%6 years
Stadler Rail US20151,001$575,819,608$40,275,601$30,000,000$10,068,90025%15 years
RAM Company2015139$25,618,891$1,864,405$372,881$11,000,00020%8 years
Selle Royal USA dba Crank Brothers201565$16,195,500$1,360,515$4,081,000$272,10320%7 years
Eldon James2015115$34,358,217$5,080,138$5,000,000$762,02115%6 years
Kihomac201570$14,916,129$816,362$9,000,000$121,52515%5 years
Vivint Solar20153,143$1,088,371,798$49,389,474$91,000,000$26,163,90625%10-15 years
Solar City20154,000$2,438,130,484$110,768,773$94,000,000$44,852,93325%10-15 years
Prime Inc.2015129$36,146,090$2,083,405$40,000,000$312,51115%5 years
Health Catalyst2015291$67,335,447$3,530,889$7,600,000$706,17820%5 years
EMC Corporation2015700$365,290,554$15,492,763$62,000,000$3,873,19125%10 years
Procter & Gamble2015200$197,854,508$37,155,384$400,000,000$11,146,61530%20 years
CHG Healthcare2015503$219,032,817$8,533,834$9,281,086$1,706,76720%10 years
Connolly2015145$48,266,900$2,601,754$385,000$520,35120%5 years
Prosper2015539$118,653,204$4,628,767$10,000,000$925,75320%5 years
Black Diamond2015160$48,404,121$2,354,980$7,760,000$353,24715%7 years
Advice Media2015100$17,571,355$1,385,348$1,000,000$207,80220%5 years
Young Living Essential Oils, LLC2014445$174,461,476$43,769,871$89,000,000$8,753,97420%7 years
Maritz CX2014425$268,110,000$10,270,795$1,250,000$2,054,15920%7 years
JSI Store Fixtures201483$15,981,064$3,723,343$1,050,000$558,50115%6 years
AAA2014290$112,946,673$5,750,969$20,000,000$862,64515%7 years
Armada Skis201456$31,718,981$1,774,597$500,000$354,91920%8 years
Vista Outdoors201490$125,160,000$6,723,802$10,000,000$1,344,76020%7 years
Rossignol/Quicksilver2005100$71,900,000$7,365,000$0$2,500,00035%10 years
Traeger Pellet Grills2014164$44,613,465$2,517,687$5,204,125$503,53720%7 years
SAIC2011294$127,686,410$8,769,153$10,000,000$2,192,28825%10 years
Fiberspar2011276$80,452,430$7,374,613$23,600,000$1,474,90020%10 years
Morgan Stanley Smith Barney201180$11,478,802$446,900$2,800,000$89,00020%5 years
Fairchild Semiconductor2009538$122,053,164$5,374,453$49,500,000$86,70025%4 years
Haemonetics2009220$26,147,393$1,699,300$17,000,000$169,90010%5.5 years
Verisys Corporation2009100$18,719,026$4,177,496$10,000,000$835,00020%7 years
Great Salt Lake Minerals200950$27,313,426$1,024,253$42,000,000$153,63815%10.5 years
Dynamic Confections2009110$70,198,304$4,119,278$4,000,000$823,85620%10.5 years
Oemeta201458$12,664,553$567,233$5,250,000$113,44720%7 years
Viracon2014300$118,628,714$7,091,966$2,200,000$1,418,39320%10 years
The Goldman Sachs Group, Inc.2014350$1,111,558,394$43,524,588$40,000,000$13,057,37730%20 years
Overstock2014333$300,843,588$11,406,215$2,650,645$2,281,24320%10 years
Consumer United2014400$121,744,109$5,268,757$900,000$1,053,75120%7 years
CSM Bakery2014100$12,582,743$1,567,621$30,400,000$313,52420%20 years
Oracle2014351$238,959,392$11,318,408$6,142,500$2,829,60225%10 years
Airgas201423$11,972,589$546,818$8,000,000$106,65220%10 years
Pactiv201460$4,702,971$3,524,477$52,000,000$871,01020%10 years
Wilson Electronics2014150$7,775,484$1,005,095$2,700,000$266,31215%5 years
Houweling Nurseries Oxnard, Inc.2014282$267,891,773$18,160,900$79,000,000$4,648,27026%20 years
Environmental Stoneworks2014124$40,887,535$2,571,519$2,000,000$514,30420%10 years
Jive Communications2014576$130,946,265$6,255,476$6,400,000$938,32115%5 years
Cabela’s201485$33,311,851$3,465,988$66,000,000$693,19820%10 years
Ottobock201455$16,219,299$1,960,095$1,000,000$392,01920%7 years
Varian Medical20141,000$460,416,221$35,888,824$40,000,000$7,711,65720%15 years
Beijer Electronics201371$37,887,196$5,396,111$600,000$1,079,22220%10 years
Zheijang Walt Technology dba Lin Manufacturing2013150$27,697,126$1,744,798$4,000,000$261,72015%7 years
Exeter Finance2013550$259,944,118$11,388,222$2,100,000$2,277,64420%10 years
Frontier Communications2013550$610,036,251$23,214,289$7,000,000$2,512,91220%10 years
Allstate Corporation2013700$610,036,251$23,214,289$15,000,000$6,964,28725%20 years
School Improvement Network2013810$753,611,307$80,299,263$8,000,000$3,114,78920%10 years
Natural Food Products2013261$93,629,653$6,987,258$35,000,000$1,397,45220%10 years
Indus Valley Partners2013200$91,909,000$5,362,085$500,000$1,072,41720%11 years
OOCL (USA) Inc.2013300$534,801,697$19,079,214$6,800,000$5,723,76525%20 years
Mozy, Inc.200991$45,401,339$2,716,229$2,200,000$543,20020%10 years
Edwards Lifesciences20091,300$776,525,500$50,943,077$14,500,000$11,521,00025%15 years
Goldman Sachs2009690$1,713,742,314$157,611,362$51,000,000$47,283,40930%20 years
Merit Medical Systems2009392$95,729,691$25,667,302$11,000,000$4,360,00025%10 years
MediConnect Global Inc.2009306$45,500,000$7,019,315$470,000$1,754,80025%10 years
Lofthouse2010115$15,130,735$692,170$22,500,000$138,43420%5 years
Janicki Industries201050$20,532,500$1,581,374$19,500,000$316,27520%10 years
Royal Bank of Scotland2010260$389,488,515$34,429,044$6,270,000$8,607,26125%15 years
ATK Aerospace Systems2010802$939,920,000$62,993,537$390,000,000$18,898,06150%/30%20 years
EMC Corporation2011500$313,600,626$12,476,673$7,600,000$3,513,70025%10 years
IM Flash Technologies, Inc.2011200$167,686,106$7,068,833$1,500,000,000$45,900,00030%15 years
ITT Corporation20112,707$1,300,000,000$112,000,000$120,000,000$33,656,00030%15 years
Genpak2011125$15,000,000$574,064$22,700,000$125,000N/A5 years
Air Products201157$19,344,879$1,042,683$40,000,000$208,50020%5.5 years
Liberty Safe and Security Products201150$10,251,032$2,281,968$8,000,000$342,00015%7 years
JBS USA Holdings, Inc.2011420$115,569,462$8,797,836$30,000,000$1,759,50020%10 years
CSN Stores, LLC2011868$188,989,700$8,472,758$1,500,000$548,50020%10 years
Czarnowski Display Service, Inc.201050$18,459,664$915,344$7,000,000$187,30015%7 years
Overstock.com2010150$95,480,000$4,494,496$2,650,645$1,123,60025%10 years
Newell Window Furnishings (Levolor)2010465$82,007,804$3,845,108$800,000$150,000N/A5 years
Litehouse, Inc.2010162$37,624,584$2,512,354$11,200,000$502,40020%10 years
Black Diamond Equipment201055$32,765,234$1,977,661$0$395,50020%10 years
Adobe Systems2010927$1,631,697,764$134,130,419$298,000,000$40,239,12630%20 years
Cardon Outreach2013308$215,071,341$9,151,570$5,300,000$1,830,31420%15 years
ATK20131,002$1,154,113,172$71,025,781$0$19,307,73430%20 years
TechMedia Network201375$32,953,073$3,051,269$3,400,000$610,25420%10 years
The Home Depot2011691$67,365,753$2,609,333$12,000,000$521,86720%10 years
Lifetime Products2011482$221,136,866$12,774,363$46,000,000$3,193,59125%20 years
Incomm2011101$21,771,000$1,703,877$0$340,77520%5 years
Pepperidge Farm201154$11,667,527$2,115,978$45,000,000$481,68525%10 years
L3 Technologies, Inc2011500$389,782,590$22,106,729$6,100,000$5,526,68225%10 years
Hexcel Corporation2011616$348,019,091$31,071,844$650,000,000$7,767,96125%10 years
Futura Industries2011142$57,886,740$11,982,206$23,155,000$1,694,78620%10 years
Orbit Irrigation Products, Inc.201260$68,391,417$22,251,565$36,990,000$2,408,89620%15 years
The Boeing Company2012104$146,800,428$5,505,016$219,000,000$1,376,25425%20 years
Instructure, Inc.2012655$328,429,143$9,464,847$2,100,000$1,982,96920%7 years
Workday2012500$719,396,231$54,072,074$20,000,000$8,370,05225%15 years
Royal Bank of Scotland2012310$286,603,064$21,100,497$2,642,908$5,275,12425%15 years
Qualtrics Labs, LLC20121,080$295,308,110$43,123,085$2,400,000$10,780,77125%7 years
OrangeSoda, Inc.2012100$44,500,541$2,679,245$5,000,000$535,84920%10 years
ENVE Composites, Inc.2012342$63,315,427$5,345,694$20,000,000$1,336,42425%7 years
BioFire Diagnostics, Inc.2012657$718,135,774$97,747,954$50,000,000$24,436,98925%20 years
Vexxel2012101$21,082,477$1,687,884$4,000,000$337,57720%5 years
Xi32012500$169,733,873$98,005,932$32,244,000$2,045,82520%5 years
Emery Refining Contacts2013125$99,162,222$63,561,103$231,885,000$12,712,22120%12 years
MasterControl Inc.2013197$54,120,978$4,180,294$15,000,000$836,05920%5 years
HireVue2013540$172,876,612$10,090,489$30,000,000$1,513,57315%7 years
Metalcraft Technologies2013960$740,694,392$60,622,028$20,000,000$15,155,50725%20 years
SyberJet Aircraft2013240$288,047,817$67,243,048$380,000,000$16,810,76125%20 years
Workday2012250$156,978,924$13,815,759$0$2,763,15125%10 years
Visit Salt Lake2012557$13,700,473$2,612,159$0$482,510N/A1 year
Family Dollar2012450$297,464,933$15,058,314$90,000,000$4,264,57825%20 years
Blu201373$49,263,500$2,312,681$6,000,000$462,53620%7 years
SolarWinds20131,040$1,436,554,953$109,548,587$50,000,000$32,864,57630%20 years
FireEye2013250$152,798,326$14,412,622$3,000,000$3,603,15525%10 years
Capital Access Networks, INC.2013108$38,460,169$8,113,436$1,915,000$2,028,35925%7 years
1-800 Contacts, Inc2013758$455,652,989$35,205,239$59,000,000$8,801,31025%15 years
doTerra International, LLC2013330$136,436,895$83,279,071$60,000,000$16,655,81420%10 years
Startup Ogden20136$4,500,000$192,250$0$100,000N/A1 year
Schiff Nutrition2012400$17,659,408$1,540,932$1,500,000$608,186206 years
Xactware2012859$756,844,710$129,051,958$130,000,000$32,262,9902520 years
FLSmidth2012124$86,817,275$11,734,578$16,000,000$2,933,64525%10 years
Peterbilt Motors Company2012145$46,606015$2,590,691$3,475,000$518,13820%5 years
EMC Corporation2012750$475,109,938$20,695,868$4,000,000$5,173,96725%12 years
Rock West Composites201293$15,605,000$875,711$700,000$175,14220%5 years
Visit Salt Lake2013554$35,094,645$6,558,298$5,117,700$2,660,572N/A20 years
GAF (General Aniline and Film)201348$38,272,300$3,546,848$40,000,000$886,71225%15 years