“It’s a big incentive, but obviously if you can pull off this type of growth with that type of wage and new state revenue, it’s pretty exciting for the state and for Orem and for everyone else.” “So, lots of commas in this one,” said Steve Neeleman, chairman of the Go Utah incentives committee and acting chairman during the January meeting. The $328.2 million project is expected to generate new total wages of $1,318,589,576 over 10 years and new state tax revenue of $88,125,355 during that time. “So, anything that we can do or anyone that we can talk to to help keep these wonderful businesses that are growing in our community, we are all over it, and we’d love to be a positive help in keeping them with us and helping them grow within our community,” Bybee said. The city, he said, has “some great spaces” to accommodate bigger companies. The city of Orem has a long history of helping facilitate the launch and growth of companies like LiveView, according to Brenn Bybee, assistant city manager. Royal said Utah faced competition for the project from Texas, Colorado, Oklahoma, Indiana and Virginia. And as we start to hit maturity, then we are going to be close to those numbers that we projected as far as headcount.” “So it was great,” Royal said, “to see that growth, as well as increasing the average wage,” now projected at $96,677.Īsked about the 3,400 projected new jobs, Andrew Gale, the company’s chief financial officer, said this to the board: “The 10-year model, given the amount of available market share and the growth that we’re seeing amongst our largest customers in big-box retail as well as many other verticals, we really don’t see a slowdown in our growth over the next many, many years. Go Utah sought increases for both figures. The company was approved for an incentive of up to $17.6 million over 10 years by the Governor’s Office of Economic Opportunity (Go Utah) board at the board’s January meeting.ĭaniel Royal, Go Utah’s director of corporate growth and business development, said the company’s original proposal to Go Utah was for an incentive over five years related to 1,100 new jobs. These incentives will make it easier for us to stay competitive and attract top talent to Utah while we help make the world a safer place.” “We started in Utah, and it’s part of who we are as a company. “We’re excited to align with the Office of Economic Opportunity,” Ryan Porter, CEO and founder, said in a prepared statement. Its customers are in retail, construction, law enforcement, government and infrastructure, to name a few. The primary source of the data comes from proprietary solar-powered portable trailers equipped with cameras and other sensors, typically providing safety and security services. ![]() ![]() provides a cloud-based software platform that collects, stores and organizes data from various sensors via cellular networks. ![]() Check out our portfolio for technologies available for licensing.An Orem-based security technology company will add up to 3,400 jobs over the next decade after being approved for a state tax credit incentive. There are no commercial licensing opportunities available at this time. Active Commercial Licensing Opportunities For information about the intellectual property portfolio, commercial licensing opportunities, or to submit expressions of interest for an available technology, email the Intellectual Property Division. Natural Resources Canada licenses federally owned intellectual property to organizations that can take early-stage technologies and products to market. ![]() Sign up for notifications! Receive email notifications when NRCan releases new commercial licensing opportunities.
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