August 20, 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


Martin Plaehn

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

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



OOCL to Open Office in Utah

Press Release

August 20, 2013

Salt Lake City — The Governor’s Office of Economic Development (GOED) announced today that Orient Overseas Container Line (USA) Inc., an international container shipping and logistics company with world headquarters in Hong Kong, will open a Utah office.

OOCL will establish an integrated management and service center for its North American business. The company is expected to relocate and/or hire 300 management and professionals in Salt Lake City, paying remuneration packages and benefits in line with the industry, which are expected to be at least 125 percent above the county’s average annual wage, including benefits, over a 20-year period.

OOCL has agreed to a tax incentive agreement with the state. Throughout the life span of the agreement, OOCL is expected to pay more than $500 million in new state wages and more than $19 million in new state taxes. The GOED Board of Directors has approved a $4,769,804 Economic Development Tax Increment Finance (EDTIF), post-performance refundable tax credit, and a $953,961 IAF grant to offset any cost associated with the move, which the company can earn, or 30 percent of the net taxes paid by the company over the lifetime of the incentive.

OOCL is one of the world’s largest integrated international container transportation, and logistics and terminal companies. 

Utah Business Social
UB Events View All
Best Companies to Work For 2015Utah Business Event
Dec 10, 2015
Utah Business magazine is thrilled to announce the 2015 Best Companies to Work for Event! This y...
Community Events View All
Empowering Self and Others: Become and Awakener
Dec 1, 2015
Uncover the secrets of empowerment. Whether you are a parent, a teacher or a Coach, you’ll find ...
Secrets to Financing your Business
Dec 1, 2015
Register:  |  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:
* Event Description: