The Utah Governor’s Office of Economic Opportunity (Go Utah) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Lumio, Inc. plans to expand its operations in Utah, adding up to 3,697 new high-paying Utah jobs in the next 20 years. Capital expenditure associated with the project is $120 million.
“The amount of jobs Lumio will bring to the state will have a big impact on our local economy,” said Dan Hemmert, Go Utah’s executive director. “There is a big market for solar and home experience upgrades in Utah, and we wish Lumio success as they continue to grow and expand.”
Lumio is a top-five U.S. residential solar provider comprising four leading regional solar companies and multiple software platforms. Lumio has experience in design, software, partnerships, supply chain, cooperative sales strategies, fulfillment, and best-in-class operations.
"We’re increasing demand for renewables and decentralized energy production, storage, and management, so it’s crucial that Lumio invests heavily in the tech and the people who will meet this demand," said Greg Butterfield, CEO of Lumio. "We're thrilled to partner with Go Utah to ensure the state is at the forefront of sincere sustainability."
Butterfield also notes, "Our leadership team has built dozens of companies across the Wasatch Front, so we know from experience that Utah develops and attracts the best people anywhere."
The Go Utah Board has approved a post-performance tax credit not to exceed $40,308,233. Each year that Lumio meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“While our involvement in this expansion project was limited, we welcome Lumio to Utah’s fast-growing tech and solar industries,” said Theresa A. Foxley, president and CEO of EDCUtah. “Our state is a productive base for any innovative company like Lumio.”
For more information, visit www.lumio.com.
Katherine Morrell, business development manager, led Project Illuminate for EDCUtah.
For more information on this or other projects, contact Colby Cooley, vice president of business development, at 801-323-4250, email@example.com.
Investors: If you were involved in this project and would like to add your organization to this announcement, please email firstname.lastname@example.org
Senior Business Development Managerkmorrell@edcutah.org