Brex

Project Name 
Exit
Date Announced 
Q3 2019
Site 
Salt Lake City
“Brex has grown tremendously over the last year and we’re excited to play a part in creating more opportunity for Salt Lake City’s thriving workforce,” said Henrique Dubugras, co-CEO and co-founder of Brex.
Jobs 

1000

Investment 

$23.4 million

Square Footage 

75,000

Incentives 

Brex may earn up to 25 percent of the new state taxes it will pay over the seven-year life of the agreement in the form of a Utah Legislature authorized Economic Development Increment Finance (EDTIF) tax rebate. The GOED Board of Directors has approved a post-performance tax rebate not to exceed $2,736,847. Each year that Brex meets the criteria in its contract with the state, it will earn a portion of the total tax rebate.