Lehi deal: 1,850 jobs for $15M. State offers Micron, Intel incentive to expand in Utah
Utah has offered its largest economic incentive ever – an estimated $15 million – to high-tech giants Micron Technology Inc. and Intel Corp., which plan under a joint venture to add 1,850 new jobs in Lehi over the next 18 months to two years.
Members of the Governor’s Office of Economic Development Board on Friday unanimously approved the incentive from the state’s tax rebate program, which typically is reserved for companies that have not yet decided where they will expand. The board awarded the incentive even though the two companies’ IM Flash Technologies partnership said months ago it would expand in Lehi.
By Lesley Mitchell
The Salt Lake Tribune
Full Story: http://sltrib.com/ci_3615064
Jobs flashing into Lehi
Former Micron facility to buzz with production
By Brice Wallace
Deseret Morning News
IM Flash Technologies LLC on Friday said it will hire 1,850 people in Utah over the next two years and put its corporate headquarters at the former Micron Technology Inc. facility here.
David Simmons, chairman of the Governor’s Office of Economic Development Board, said the IM Flash investment in Lehi — $3 billion to $5 billion — represents the largest single business investment ever in the state.
IM Flash is a joint venture between Micron and Intel Corp. The Lehi facility will produce NAND flash memory chips used in a variety of consumer electronics, removable storage and handheld communications devices.
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