Brief: Goldman Sachs Utah to hire 690 employees | ParkRecord.com

Brief: Goldman Sachs Utah to hire 690 employees

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According to the Economic Development Corporation of Utah, Goldman Sachs will expand its Salt Lake City operations by 690 new full-time employees. The firm is expected to draw much of its employee base from Utah’s higher education system. These highly-skilled positions will pay well in excess of the Salt Lake County average wage. The modified incentive from the state will be for a $47.3 million post-performance refundable tax credit, based on 30 percent of new state revenue collected over 20 years. The state is expected to collect $157 million in new state-tax revenue from Goldman Sachs over the same period.