Project Name 
Date Announced 
1Q 2018
“As we grow, we need to attract the best talent available, and Utah has very skilled candidates to enhance our product innovation and leadership for Zero Trust Security.” -- Tom Kemp, chief executive officer at Centrify



$4.5 million


Centrify may earn up to 20 percent of the new state taxes they will pay over the five-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Centrify, the GOED Board of Directors approved a post-performance tax credit rebate not to exceed $556,944. Each year as Centrify meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.