SALT LAKE CITY (ABC4) – Another tech company is looking to bring jobs to Utah over the next few years.
The Utah Governor’s Office of Economic Development (GOED) has announced that Scorpion, a digital marketing and technology company, will open an office in Utah, adding up to 1,007 new high-paying jobs in the state in the next five years.
“Scorpion chose Utah based on the state’s personal and family lifestyles as well as its fast-growing technology environment,” says Dan Hemmert, GOED’s executive director. “We’re excited Scorpion has decided to grow in Utah, and we’re pleased to help bring new high-paying jobs to the state.”
Scorpion provides business growth services, technology solutions, and software applications to small and medium-sized businesses across the country to help companies attract more customers, improve operational efficiency, and increase revenue. Scorpion serves a large variety of customers, including lawyers, doctors, home services, local franchises, and more.
The GOED says Scorpion may earn up to 20% of the new state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance tax credit. The GOED Board has approved a post-performance tax credit not to exceed $3,382,741.
Every year that Scorpion meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“While the ‘work from anywhere’ experiment has pumped the brakes on our IT pipeline over the last year, Scorpion exemplifies an exciting resurgence in interest,” says Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah. “We welcome the company to Utah’s tech scene and expect it’s a harbinger of more to come.”