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Finding a research company in Provo, Utah just got even easier than before. Together with the Utah Governor’s Office of Economic Development (GOED), Qualtrics, a research and online survey company, announced that it will expand its existing operations in Provo.
“We are pleased that Utah continues to be one of the best places in the country for business and careers,” Gov. Gary R. Herbert said. “Qualtrics’ decision to expand in Utah County will only further the county’s reputation as a great place to do business.”
With the expansion, Qualtrics will create approximately 1,080 new jobs. Each job will pay a minimum of 125 percent of Utah County’s average yearly wage including benefits. Throughout the seven-year expansion project, the company will pay out more than $29.3 million in wages, more than $43 million in new state taxes and will invest $2,400,000 in capital.
“We are rapidly expanding globally, but our headquarters will remain in Utah,” said Stuart Orgill, co-founder of Qualtrics. “Utah has been a great partner for us.”
“Provo City welcomes the opportunity to partner with GOED and is proud to have Qualtrics doing business in Provo and to see this expansion of its facility,” said John Curtis, Provo City mayor. “It is great to see that the company has achieved such great success.”
Qualtrics has 4,800 clients worldwide, including half of the Fortune 100, 1,300 colleges and universities, 95 of the top 100 business schools, and many government and non-profit organizations.
Utah’s Information Technology and Software Development industry cluster has been part of Utah’s economy for nearly 30 years. “Utah will never stop gaining technology leadership, and improving our skilled workforce from the expansion of our IT cluster,” GOED executive director Spencer Eccles said. “GOED and our community partners are happy to help Qualtrics expand in Utah County.”
The GOED Board of Directors has approved a $10,780,771 Economic Development Tax Increment Financing (EDTIF) post-performance refundable tax credit, or 25 percent of the new state tax revenue paid by the company during the seven-year life of the agreement.