February 19, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

1-800 CONTACTS to Build New Facility in SL County

Press Release

February 19, 2013

1-800 CONTACTS is planning to expand in Utah and invest $59 million in a new facility, changes the company expects to bring 654 new jobs to Salt Lake County. The company has entered into an incentive agreement with the Governor’s Office of Economic Development, which is expected to bring more than $35 million in new state tax revenue and more than $455 million in new state wages over the lifetime of the agreement. These wages are expected to be at least 125 percent of Salt Lake County’s average annual wage including benefits.

“We are in a very large market, and we see a tremendous growth opportunity for our company,” said Brian Bethers, president of 1-800 CONTACTS. “We appreciate this partnership with the Governor’s Office of Economic Development, which will help us continue to grow and deliver our superior level of service and expanding product line to more customers. We have made our home in Utah since our founding and look forward to creating more jobs in our home state.”

1-800 CONTACTS is the largest seller of contact lenses in the United States. Founded in 1995, 1-800 CONTACTS launched Glasses.com in 2011. In 2012, WellPoint, Inc. acquired 1-800 CONTACTS.

“It is gratifying to watch Utah companies become world leaders in their fields, and when partnering with the state has helped make a contribution to their growth and ability to  remain in Utah, we know our business support systems are working the way they are intended ,” GOED executive director Spencer Eccles said.

The GOED Board of Directors has approved a post-performance Economic Development Tax Increment Financing refundable tax credit (EDTIF) of $8,801,310, or 25 percent of the new state revenue paid by the company over the 15 year life of the agreement.

Utah Business Social
UB Events View All
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our sponsors Diversified Insurance and Miller Motor Sports Park...
Community Events View All
2014 Wicked Halloween 5K and Family Expo
Oct 25, 2014
Calling all witches, ghosts, vampires and werewolves! Join us on October 25th at Memory Grove Par...
St. George Book Festival - Book Expo Extravaganza!
Oct 25, 2014
What to Except: * Readers of all ages and genres will get a chance to meet dozens of prolific au...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel