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SALT LAKE CITY — Software giant Adobe Inc. will substantially expand its Utah presence, announcing plans Thursday to build a new $90 million facility and add almost 1,300 employees at its Lehi campus.
The news was revealed at the Governor’s Office of Economic Development board meeting where the agency also detailed a tax incentive package for the San Jose-based company best known for its suite of creative digital tools. The 20-year deal grants Adobe $25.8 million in tax breaks on a projected $2.3 billion in new state wages and $85.8 million in corporate, payroll and sales taxes over that time.
HAPPENING NOW: @BusinessUtah announces that @Adobe will expand @siliconslopes campus. Add 1,260 high-payimg jobs @KSL5TV@KSLcom#utpolpic.twitter.com/QiyShttKun
— Ladd Egan (@laddegan) July 13, 2017
MORE: @BusinessUtah announces $25 million post-performance incentive package for @Adobe to expand in @siliconslopes#utpol@KSL5TV@KSLcompic.twitter.com/FfG4qWByQy
— Ladd Egan (@laddegan) July 13, 2017
The new project will complement the four-story, 280,000-square-foot building the company completed in 2012 for $107 million. The original facility, designed by San Francisco architecture firm WRNS Studio and perched on a hill just east of I-15, hosts about 1,200 employees from Adobe’s digital marketing unit. The company, founded in 1982, employs more than 17,000 worldwide.
"On behalf of @Adobe thank you," says Jonathan Francom after @BusinessUtah approves tax credit rebate for company @KSL5TV#utpol#Utahpic.twitter.com/4ITvfRmwfn
— Ladd Egan (@laddegan) July 13, 2017
The news adds to a string of recent announcements about tech business expansion in the state, including Amazon’s intent to build an enormous shipping facility, staffed with 1,500 employees, in Salt Lake City’s northwest quadrant and Utah-based reputation management company Podium’s plans to invest $10 million in a new headquarters and expand its workforce by 400.
Both companies also earned tax breaks under GOED’s incentive program.
Additional information about the Adobe expansion will be posted throughout the day.
