Alliance Data Systems
Alliance Data may earn up to 15 percent of the new state taxes they will pay over the five-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Alliance Data, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $758,027. Each year as Alliance Data meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
“We’re thrilled Alliance has decided to stay and grow in Utah. The added jobs and investment will further strengthen Utah’s place in the financial services industry.” -- Theresa Foxley, President & CEO of EDCUtah
(More information to come)