“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.”