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Oracle is bringing 351 high-paying jobs to Utah.
Now the hardware and software engineering company has to decide whether to develop its new customer software-support center in Salt Lake City or in the high-tech corridor sprouting between Draper and Lehi.
Either site is good for the state, members of the Governor's Office of Economic Development board concurred Thursday, approving a $2.8 million incentive package to entice the California company to pick Utah over Texas.
The post-performance incentive is worth about 25 percent of the new taxes Oracle is expected to generate in the incentive's 10-year life span.
In exchange, board member Jerry Oldroyd noted that Oracle intends to create the 351 new jobs, which pay 125 percent of Salt Lake County's average wage. Over a decade, that adds up to $239 million in new state wages and $11.3 million in new tax revenues.
Oracle also could make a capital investment of up to $6.1 million in the facility.
"We have been impressed by the high-tech growth in Utah, and we're pleased to be expanding our presence here," said Randy Smith, Oracle's vice president of real estate and facilities.
"The state offers a unique blend of potential economic growth as well as a highly skilled workforce," he added, noting that Oracle already has a data center in West Jordan. "The opportunities in Utah are very clear. It's the right place for us to grow."
Utah wasn't even in the running for the software-support center before GOED board member Margaret Lasecke-Jacobs got involved.
Oracle's presence just adds to that concentration and "enhances our ability to grow the information-technology industry and continue to attract first-rate technology jobs to Utah," said Jeff Edwards, president and CEO of the Economic Development Corp. of Utah.
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