Goldman Sachs

Project Name 
Ocean
Date Announced 
3Q 2009, 2Q 2014
Site 
Salt Lake City, Utah
Competition 
New York
"Utah's business-friendly environment, highly skilled workforce and unparalleled higher education system provide a premier foundation for the success of a company such as Goldman Sachs." -- Leslie Schribman, VP Media Relations
Jobs 

2009 - 690 jobs

2014 - 350 jobs

Investment 

2009 - $51 million

2014 - $40 million

Square Footage 

150,000 SF

Incentives 

2009: The GOED Board of Directors approved an incentive for a $47.3 million post-performance EDTIF refundable tax credit based on 30% of new state revenue collected over 20 years. The state is expected to collect $157 million in new state revenue from Goldman Sachs over the same period.

2014: The GOED Board of Directors approved up to a maximum tax credit of $13,057,377 in the form of a post-performance EDTIF incentive, which is 30% of the new state taxes Goldman Sachs will pay over the 20-year  life of the agreement.

Related Articles 

Governor Herbert Welcomes New Goldman Sachs Expansion, Utah Governor's Office

Goldman Sachs to Expand, Move Downtown in Salt Lake, Deseret News

State Kicks In $27M to keep Goldman Sachs in Utah, Salt Lake Tribune

Goldman Sachs to Expand its Presence in Utah, Utah Governor's Office