The Utah Governor’s Office of Economic Opportunity awarded Strider a post-performance tax reduction for its expansion in Salt Lake County. The corporate incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program.
As part of the agreement, Strider projects to add 152 new, high-paying jobs and invest $415,000 in Utah over the next five years.
“Utah is a leader in the software industry and has helped cultivate a robust ecosystem that supports entrepreneurship and economic opportunity for all,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “The state’s investment in IT infrastructure is paving the way for tech-driven communities while improving the quality of life for Utahns. Strider’s investment in Utah advances this digital footprint across all industries, creating a foundation for economic growth and innovation.”
Strider is revolutionizing the way companies, universities, research institutions, and government agencies protect their innovation and compete in a new era of global strategic competition. The company’s trailblazing technology and intelligence solutions enable clients to proactively identify, manage, and respond to nation-state-directed IP theft and supply chain vulnerabilities. Strider has operations in Salt Lake City, UT, Washington, D.C., London, U.K., and Tokyo, Japan.
“We’re grateful for Utah’s efforts to enable Strider to attract even more of the best and brightest from the intelligence, technology, and business communities to Utah, and further establish the state as the center of gravity for innovation in national and global intelligence,” said Greg Levesque, CEO & Co-founder of Strider. “Governor Cox and GOEO are taking important, decisive action to encourage innovation, entrepreneurship, and growth in the Beehive state. We applaud them for their efforts and look forward to continued partnership as we scale our operations in Utah.”
“Utah continues to strengthen its position as a leading business destination for cybersecurity and defense technology companies,” said Scott Cuthbertson, president of EDCUtah. “Utah’s skilled workforce and business-friendly environment are important factors in the success of innovative companies like Strider, and we’re pleased to see Strider’s growth in the City of South Jordan.”
“We are excited to see great corporate partners like Strider growing in the City of South Jordan,” said Brian Preece, City of South Jordan director of city commerce. “South Jordan is an exciting place to live and work, and we are pleased to be home to innovative companies like Strider.”