LendingClub

Project Name 
2nd Site/ Dujji
Date Announced 
Q4 2018
Site 
Lehi
“As we continue our growth and increase our focus on operating efficiency and resiliency, it is clearly time for us to expand beyond our San Francisco headquarters,” said Scott Sanborn, CEO of LendingClub
Jobs 

860

Investment 

$17.85 million

Square Footage 

130,000

Incentives 

LendingClub may earn up to 20 percent of the new state taxes they will pay over the 10-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 LendingClub, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $4,486,054. Each year LendingClub meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.