Lehi (News4Utah) – Adobe held a groundbreaking ceremony for the expansion of their Lehi office building Wednesday. The expansion will nearly double their size by adding 160,000 square feet and expected to bring in 1,000 jobs during the next 20 years.
Adobe first moved to Utah when the company acquired Orem-based Omniture in 2009 and built its Lehi building in 2012.
“It’s been really rewarding to reflect back. We were here seven years ago. We did a fun ceremony, claiming the dirt here for the phase 1 building,” said Jonathan Francom, VP of Employee and Workplace Solutions at Adobe Lehi. “This was pretty much an open field with no one around. We looked at some of these stats and what has happened since, 15,000 jobs committed and growing here in the last 7 years related to this tech industry boom here.”
Francom said he believes Adobe helped paved the way for the development of Silicon Slopes, peaking the interest of other businesses to come to Utah.
“It is a massive amount of economic development and I think we were a main catalyst to drive some of that,” said Francom.
Xan Marcucci Barkdull, manager of partner marketing communications for Adobe said the company’s great working environment is one of the reasons why she decided to stay in Utah.
“I came here hungry, right? I came here looking to grow, excited to learn and Adobe provided me with an environment where I was comfortable failing and learning,” said Marcucci Barkdull. “I’m very excited about this expansion.”
He said Utah is a great place for Adobe to find and build a highly-educated and talent workforce.
“We’re growing globally. I have a lot of other options and demands and pulls from different communities and I think Utah makes it very compelling with some of the incentives,” said Francom.
Both the State of Utah and Adobe are working towards a win-win situation for the economy. To support the expansion efforts, the state of Utah has approved Adobe for a post-performance tax incentive of approximately $25.6 million. The expansion is expected to bring in $85 million in new state tax revenue in the next 20 years.
“I think Utah has a very forward-leaning business practice. But it’s not giving away money. Right? Every incentive that we have gotten and others have gotten is performance based. So we have to actually being revenue to the state before we get anything,” said Francom.
The expected completion for Phase 2 of Adobe Lehi is summer 2020.