2005: $3 billion
2011: $1.5 billion
Over 2 million SF
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.
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