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SALT LAKE CITY -- One of the world's largest investment banking firms announced it's expanding its offices in Utah and will now call Main Street in Salt Lake City its Utah home.
Goldman Sachs CAO Jeff Schroeder made the announcement Thursday, standing on the empty 14th floor of the newly-opened 222 Main building. He says the company will occupy the 7th through 14th floors by early next year.
"We are in a hundred cities around the world and roughly 29 or 30 countries," Schroeder said. "Salt Lake has the fastest growth rate. We've been pleased with what we've seen. I'll tell ya, one of the reasons is the way the community comes together."
Goldman Sachs began its Utah operations in August 2000. Its current offices in Utah are at the University of Utah's Research Park, where the company employs just over 700 people.
The company expects to expand to over 1,150 positions by the end of the year. Many of the jobs will be full-time and will offer 150 percent of the Salt Lake County average salary.
"This is their fastest growing office in the world, and they have come to Salt Lake. They came here years ago, and they see it as a place where there are great employees, a great quality of life and work environment and the kind of community they feel comfortable in," said Salt Lake City Mayor Ralph Becker.
Schroeder said many Goldman Sachs employees are graduates from colleges in the Utah, and the company has been impressed with the local workforce.
"We've had a history of success here in Salt Lake City," said David Lang, managing director of Goldman Sachs. "We hire fabulous people, very talented people, highly-educated people."
Becker said the investment bank will "breathe new life and vitality into downtown Salt Lake City with its presence."
The investment banking firm will open its doors on the 7th through 14th floors of the Main Street building in early 2011.
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Story compiled with contributions from Randall Jeppesen and Jed Boal.
