IM Flash

Project Name 
Cave
Date Announced 
4Q 2005, 2Q 2011
Site 
Lehi, Utah
“The success of IM Flash is enabled by a talented work force pool, investment commitment by Intel and Micron, as well as a very responsive state government in Utah in areas of taxation, regulation and infrastructure." -- Keyvan Esfarjani, Co-CEO
Jobs 

2005: 1,850

2011: 200

Investment 

2005: $3 billion

2011: $1.5 billion

Square Footage 

Over 2 million SF

Incentives 

2005: Under the terms of the deal with the State of Utah, IM Flash Technologies will receive an incentive equal to 30 percent of the state tax revenue it creates over a five-year period. The $15 million is an estimate based on $50 million in new tax revenue.

2011: The GOED board voted in a special session to approve a post-performance, single taxpayer economic development tax incentive of $45.9 million as a post-performance EDTIF tax credit. The incentive will represent 30 percent of new state revenue collected over 10 years.

Related Articles 

IM Flash Technologies to Add 200 Jobs in Facility Expansion, Utah Governor’s Office

2 Utah Tech Firms Adding Jobs, Investing More Than $1B, Salt Lake Tribune

700 New Technology Jobs Announced for Utah, Deseret News

Micron and Intel Expand in Utah, TechEye.net

Lehi deal: 1,850 jobs for $15M, Salt Lake Tribune