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Adobe expands in Lehi April 20, 2018, 3:55 pmAdobe officials broke ground on a second building at the company's Lehi location on March 7. The new 160,000 square-foot building is expected to add up to 1,000 new high-paying jobs in Lehi. The new building, which will be LEED certified, is expected to be complete by fall 2020. An expansion of the existing building will add space for 260 additional employees. Our people are our most valuable assets," said Donna Morris, executive vice president of Customer & Employee Experience at Adobe when the expansion was announced last July. "Expanding our facilities will allow us to hire additional talent to research and build products, serve our customers and continue to grow across virtually every part of our business. We're moving forward on the planning and building process as quickly as we can." With the expansion, the Governor's Office of Economic Development has approved Adobe for an almost-$26 million post-performance tax credit rebate. Under the terms of that agreement, Adobe may earn up to 30 percent of state taxes the company will pay over the 20-year life of the agreement in the form of an Economic Development Tax Increment Finance Rebate. The Governor's Office said the expansion and the jobs it represents will add an estimated $90 million in capital investment to the state. The community news source for Eagle Mountain Utah, Saratoga Springs Utah, Lehi Utah, American Fork Utah, Highland Utah, Alpine Utah, and The Cedar Valley, including Cedar Fort Utah and Fairfield Utah. Copyright 2024 The Crossroads Journal LLC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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