Today, the Utah Governor’s Office of Economic Opportunity awarded Gabb Wireless a post-performance tax reduction for its expansion in Lehi City. The corporate incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program. As part of the agreement, Gabb projects to add over 700 new jobs.
“We’re honored that Gabb Wireless has chosen to expand its footprint in Utah,” said Ryan Starks, executive director of the Utah Governor’s Office of Economic Opportunity. “The company’s focus on responsible technology use for kids and families reflects Utah’s family-centered culture and values. We’re confident the community will support the good work of this company and fulfill the many employment opportunities it generates.”
Gabb provides safe tech for kids with phones and watches that come with its software, providing a reliable and safe experience for kids and teens while giving parents peace of mind. The company is changing the narrative of giving children “smart” devices that lead to screen addiction and other negative effects on kids’ development. Gabb encourages kids to live outside the screen by giving them everything they need – and nothing they don’t.
“On behalf of our entire team, it is an honor to be expanding in Utah and to be involved with the Governor’s Office of Economic Opportunity,” said Nate Randle, CEO of Gabb. “I’m proud to stand with over 200 Utah employees who are committed to growing our company here and proactively contributing to the economic footprint of our great state. Our mission will always be to build safe tech for kids, teens, and families to protect them from the dangers and addictions of social media and too much screen time. Our Gabb technologies and services will continue to add to the fabric of our Utah business community. There is no better place to establish and grow a mission-driven business than the Beehive State.”
“Gabb is a company whose values align with Utah’s values,” said Scott Cuthbertson, president and CEO of EDCUtah. “When the tech industry recently experienced layoffs, Gabb chose to retain their employees. Today, this home-grown Utah tech company is adding hundreds of new jobs.”
“Lehi City is excited to welcome the new headquarters of Gabb Wireless to our great city,” said Marlin Eldred, economic development director at Lehi City. “It encompasses the entrepreneurial spirit that drives technology innovation in the heart of Silicon Slopes.”
Tax Credit Projections
|New state tax revenue:||$15,004,907|
|EDTIF new state tax credit:||20%|