This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SALT LAKE CITY (AP) -- A board of state advisers awarded investment firm Goldman Sachs millions of dollars in tax incentives to expand brokerage operations in Salt Lake City.
Goldman Sachs plans to hire 375 new employees. The jobs will carry salaries averaging more than $64,000.
Gov. Jon Huntsman's Business Development Board awarded the company tax incentives worth up to $20 million over 20 years.
Those tax breaks are good as long as Goldman Sachs meets its job targets.
The additional jobs would raise Goldman Sachs's total payroll in Utah to 725 employees.
(Copyright 2007 by The Associated Press. All Rights Reserved.)