SALT LAKE CITY (PRWEB) June 14, 2018
The Governor’s Office of Economic Development (GOED) is proud to announce GoHealth will expand business operations into Utah, adding over 500 jobs, $3,216,488 in new state revenue and $900,000 in capital investment.
“GoHealth will be a great addition to numerous strategic economic clusters in the state,” said Val Hale, executive director of GOED. “GOED is proud to work with many stakeholders to make this growth happen, including Lindon City.”
For nearly 20 years, GoHealth has been leading innovation in healthcare. The company, headquartered in Chicago, provides consumers with quality coverage that meets their needs and fits their budgets, connecting Americans to affordable insurance throughout every stage of their life. In addition, the company partners with the nation’s top healthcare carriers as a trusted extension of their team, supplying them with scalable business solutions that allow them to focus on what they do best: provide healthcare.
“Salt Lake City was a natural choice for our next office – from the city’s growing business culture to its deep talent pool, we felt it was the right fit for our latest expansion,” said Clint Jones, co-founder and CEO of GoHealth. “This new office is an exciting indication of our company’s growth, and we greatly look forward to becoming a part of the local business community.”
The Salt Lake City office will be focused on providing customer support for both consumers and partners across the U.S. GoHealth is actively recruiting highly-motivated, energetic individuals and will invest in new employees’ professional growth through training and development. GoHealth was awarded Crain’s Chicago Business 101 Best Places to Work and plans to bring the same level of employee engagement and job satisfaction to Salt Lake City.
GoHealth will create up to 363 full-time jobs over the next five years, as well as 150 part-time and seasonal positions. The total wages in aggregate are required to exceed 110 percent of the Salt Lake County average wage. The projected new state wages over the life of the agreement are expected to be approximately $84,645,000. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $3,216,488 over five years.
GoHealth may earn up to 20 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 GoHealth, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $643,298. Each year as GoHealth meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Gov. Gary R. Herbert’s commitment to statewide economic development. The state’s economic vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business environment and tourist destination. GOED provides extensive resources and support for business creation, growth and recruitment statewide, as well as programs to increase tourism and film production for the benefit of Utah residents. All administered programs are based upon strategic industry clusters to develop a diverse, sustainable economy. GOED accomplishes its mission through unprecedented partnerships. For more information please contact: Aimee Edwards, (801) 538-8811 or firstname.lastname@example.org.
GoHealth’s mission is to champion a healthier America by empowering consumers with education and choice. As a healthcare marketplace that provides consumers with quality coverage that meets their needs and fits their budgets, the company connects Americans to affordable insurance throughout every stage of their life.
Founded in 2001 by Brandon Cruz and Clint Jones, GoHealth combines technology, data science and deep industry expertise to match consumers with the healthcare policy and carrier that is best for them. The company partners with the nation’s top healthcare carriers as a trusted extension of their team, supplying them with scalable business solutions that allow them to focus on what they do best: provide healthcare. Based in Chicago, GoHealth has received numerous awards, including Deloitte Technology Fast 500 and Ernst & Young Entrepreneur of the Year.