Utah has offered online retailer Overstock.com an incentive worth as much as $1.1 million to expand its software-engineering department in Provo. That means 150 new workers would be added over the next 10 years.
The company immediately accepted the incentive offer, approved Thursday by the Governor’s Office of Economic Development board.
The money is payable over 10 years as a tax credit and is contingent upon the addition of as many as 150 full-time workers earning an average of more than $51,000 annually.
As part of the expansion, Overstock.com said it will open a new office in Provo and double the company’s software engineering staff.
TheCottonwood Heights-based company said 100 of the 150 new full time positions will be filled over the next year.
"The new jobs … will significantly add to Utah’s vibrant Software and IT [information technology] development industrial cluster, said Spencer Eccles, executive director of the Governor’s Office of Economic Development.
Overstock.com was founded in 1999 and employs about 1,500 people in the state
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