In the Tribune article, it said that SINET (School Improvement Network) was moving their headquarters from Midvale to the former Mark Miller building.
The way I read the article was that they were moving all employees to the new building and consolidating everyone in the single location downtown.
This is what that area needs too. Hopefully this will help encourage more development in the area.
http://www.sltrib.com/sltrib/money/56862575-79/million-company-tax-indus.html.csp
Indus:
Quote:
Goldman Sachs, whose Salt Lake City office is the company’s fourth largest in the world, played a big role in Indus Valley Partners Corp.’s decision to expand its New York operations to Utah’s capital, Gurvinder Singh, CEO of the financial analytics software provider, told GOED’s board of directors.
"They were big proponents for this location," Singh said, "so that’s how we ended up here."
The board approved a $1.1 million tax credit for Indus Valley, which pledged to create 200 full-time jobs in Salt Lake City during the next 11 years. Indus Valley can draw on the credit as it creates the jobs.
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SINET:
Quote:
School Improvement Network (SINET) — which provides education software for students, teachers and school administrators — will receive a $3.1 million tax credit in return for creating 470 jobs during the next 10 years and investing $8 million into buying and renovating an empty building at the corner of 700 South and West Temple. SINET expects to complete the purchase of the building from Mark Miller Toyota by month’s end, said Chet Linton, SINET’s CEO.
Linton said the company will move its headquarters from Midvale to the new building. It should open in June with about 300 new hires.
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I did like hearing that Indus is coming on the recommendation of Goldman Sachs, this does bode well for SLC as a location for more financial companies. With this news and news that the Governor was in New York talking to financial firms about expanding to Salt Lake, I do think we nearing a tipping point and we should hear more about expansions in the near future.