State Tax Incentives Back Hundreds of New Jobs
The Governor’s Office of Economic Development announced new tax incentives for three companies on Thursday. One is doTerra, a company that makes essential oils – plant extracts that it sells through a network of independent distributors. It’s promised to bring 330 new jobs to its company headquarters in Pleasant Grove in product testing and development, customer support and other positions. For that, it will get 16-point-6 million dollars in tax credits over ten years.
The company started here in Utah, but Chris Conabee with the Governor’s Office of Economic Development says there was competition.
"We ran the risk of losing the project to Kentucky," Conabee tells KUER. "We felt really lucky that, when Kentucky offered a 17-point-2 million dollar incentive to the company, our office was able to engage them and keep them within the state.”
The other incentives announced Thursday include two million dollars for Capital Access Network to create 108 new jobs and 8-point-8 million dollars for 1-800-CONTACTS to add more than 650 jobs.