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The Governor’s Office of Economic Development (GOED) recently announced the expansion of InComm Corporation in Utah. The company will add 101 new jobs at its existing in-state operation over the next 5 years at a wage that is over 125% above the Salt Lake County average.
“Again and again we find that when industry leaders bring their operations to Utah, they leverage the advantages of our business climate and productive workforce and quickly want to expand here. Such is the case with InComm,” said Governor Gary R. Herbert. “InComm’s expansion will ultimately benefit our entire state, not just those 101 families.”
“The global expansion of technology solutions at InComm requires skilled technologists and the application of emerging software technologies,” said Matt Watson, chief technology officer of InComm. “We are investing in Utah because of its tradition of education and work ethic, technically advanced workforce, distribution advantages and friendly business climate.”
InComm, an industry-leading marketer, distributor and innovator of stored-value gift cards and prepaid products, already has a Utah presence and currently employs 25 people in the state. InComm’s suite of products includes gift cards, reloadable debit cards, digital music downloads, bill payment solutions and other online and point-of-sale technologies. In 2010, InComm processed $13 billion in retail sales transactions.
“As electronic transactions continue to increase, so do the revenues of companies that lead the field,” said Spencer Eccles, executive director of GOED. “InComm’s leadership in this regard will benefit Utah’s economic standing well into the future.”
Since 1992, InComm has offered products and services at more than 225,000 retail locations. Headquartered in Atlanta, GA, the company has offices in Australia, Brazil, Canada, Japan, the United Kingdom, California, Colorado, Florida, Oregon and Utah, among other locations.
The GOED Board of Directors authorized a 5-year post-performance, single-payer refundable tax credit of up to $340,775 over the life of the project. The State estimates that InComm Corp. will pay more than $1.7 million in new state tax revenue, and will pay employees new state wages in excess of $21.7 million.
“InComm is another great addition to Utah’s strong technology sector and on-line transaction business,” said Jeff Edwards, president & CEO of Economic Development Corporation of Utah (EDCUtah). “EDCUtah is pleased to have been able to contribute to this process and we welcome by commitment of InComm to the State.”
About InComm
InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With nearly $13 billion in retail sales transactions processed in 2010, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 225,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. InComm is headquartered in Atlanta, GA with offices in Australia, Brazil, Canada, Japan, Mexico, Puerto Rico, the United Kingdom, Arkansas, California, Colorado, Florida, Georgia, Minnesota, Oregon, Texas and Utah. To learn more about InComm, visit www.incomm.com.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information please visit www.business.utah.gov.
