Xactware breaks ground on Lehi Building

In May, the state of Utah gave the Orem-based software maker $32.3 million in tax incentives on the promise it would hire 860 workers over the next two decades. By VINCE HORIUCHI

| The Salt Lake Tribune

Local dignitaries and businessmen turn dirt during the groundbreaking ceremony of Xactware's future building in Lehi on Thursday, August 23, 2012. The new 210,000-square-foot office building will feature a state-of-the-art data center, beach volleyball courts, basketball courts, and a fitness center. JAMES ROH/Daily Herald

(Leah Hogsten | The Salt Lake Tribune) Xactware Corporation employees l-r Brandon Harding, Brian Carroll, Scott Parkin and Michael Gratzinger from the accounting division take their turn shoveling dirt and mugging for a fellow employee's camera. Groundbreaking for the new offices of Xactware Corporation August 23, 2012 on West Morning Glory Road in Lehi, whose software is used by contractors, insurance companies and others to estimate building repair costs. The company plans to invest $130 million in a new 250,000-square-foot campus $32 million the company received in tax incentives from the state. The company plans to hire more than 800 people over the next two decades.

Artist rendering of the new Xactware Software building in Lehi.

Xactware will spend $130 million on the new facility and infrastructure, according to The Governor's Office of Economic Development. Over the life of a 20-year tax incentive agreement the company made with the state, the company will create 859 new full-time positions with full benefits, pay more than $756 million in new state wages and pay $129 million in new Utah tax revenue. As the company completes this expansion, over the years, it will qualify for a maximum post-performance tax credit of up to $32,262,990 over the life of the agreement.
Vince Horiuchi Salt Lake Tribune Business

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