Adobe Systems Invests in Utah
SALT LAKE CITY — Adobe Systems Inc. announced Thursday that Utah is a big part of its future as the site of a new technology center amounting to about a $1.6 billion deal — big enough that Gov. Gary Herbert held a news conference to announce it and big enough, he said, to be worth every penny of the $40 million tax break the company will get when the project is completed.
"Mostly, it was the timing and the right combination of a lot of attractive options about Utah," Mark Garrett, Adobe's executive vice president and chief financial officer, said following the announcement at the state Capitol. "That tax incentive was certainly one of the attractions in Utah's favor, but it was the talent and skill of the work force, the general business climate and quality of life were very appealing. It's also close to California, and Utah has a strong working relationship between business and its very technology-minded university system."
In any case, the deal is a win-win and then some for Utah, as it could potentially create up to 1,000 new high-tech jobs here over the next 20 years, Herbert said.
Complete article from the Deseret News
Photo: Jeffrey Allred, Deseret News
