The state has offered a $15 million-plus incentive to get business software giant Oracle Corp. to expand its presence in Utah.
The Governor's Office of Economic Development Board on Friday approved the incentive, which could result in a $260 million data storage center in West Jordan that would have 100 full-time employees. The average pay would be more than twice the Salt Lake County median, which is $32,828 annually.
Board members said Idaho is a competitor to land the data center and that while Utah's incentive is smaller, it is competitive. Board documents say Oracle "has found that Utah is its top choice for their new data center."
The state incentive is contingent on West Jordan providing a local incentive.
If Utah is the site of the new data center, the company would pay $73.6 million in new state wages over 10 years and $50.4 million in new state revenue over 12 years, according to board documents.Oracle, based in Redwood Shores, Calif., has about 75,000 employees worldwide. It has operations in Utah, including at Jordan Commons in Sandy.