Note: Since this announcement was published, Scott Cuthbertson succeeded Theresa Foxley as president and CEO of EDCUtah, and Ryan Starks was appointed executive director of the Governor's Office of Economic Opportunity.

The Utah Governor’s Office of Economic Opportunity and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that tZERO Group, Inc. plans to bring up to 80 new high-paying jobs to Utah during the next eight years. Capital expenditures associated with the project are $2.2 million.

“We’re happy to welcome tZERO Group back to Utah. tZERO has created an innovative and regulated platform to help make digital securities more accessible to users,” said Dan Hemmert, the Office of Economic Opportunity's executive director. “We are excited for tZERO's future as the company continues to shape blockchain technologies.”

tZERO Group and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. The company aims to democratize access to private capital markets by focusing on developing and adopting digital securities in a regulatory-compliant environment. The company offers institutional-grade solutions for issuers looking to digitize their capitalization table through blockchain technology and trade on a regulated alternative trading system.

“While our involvement in this project was limited, we’re pleased that tZERO Group has chosen Utah as the location for its new headquarters,” said Theresa A. Foxley, president and CEO of EDCUtah. “Utah has proven itself as a solid investment choice for both established and disruptive financial services companies to locate their operations.”