The Utah Governor’s Office of Economic Opportunity (Go Utah), the City of Lehi, and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Stackline plans to bring 152 new high-paying jobs to Lehi, UT in the next five years. Capital expenditures associated with the project are $200,000.
“We’re excited to welcome Stackline to Lehi. Stackline’s platform provides valuable business insights for eCommerce everywhere,” said Dan Hemmert, Go Utah’s executive director. “With year-after-year growth in eCommerce—and with Stackline’s unique and expanding tools—we anticipate successes in the future.”
Stackline is an all-in-one platform for brands and retailers. By combining market intelligence, advertising automation, workflow management, and operational analytics into a single platform, Stackline delivers an operating system for companies to scale their online retail business globally.
“When exploring expansion locations, we seek markets budding with potential, where the next epicenter of tech solutions and innovation is being developed,” said Dave Helmreich, Stackline’s chief revenue officer. “Lehi offers just that, and we’re looking forward to developing our presence in Silicon Slopes.”
Stackline may receive up to 15% of the additional state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit. Each year that Stackline meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Lehi is excited to welcome Slackline to our growing technology community. What a great addition to the heart of Silicon Slopes,” said Marlin Eldred, economic development director, City of Lehi.
“We’re excited to see Stackline select Lehi for its new operation,” said Theresa A. Foxley, president and CEO of EDCUtah. “It’s a perfect location because of the concentration of tech and talent to be found there. The company will find Silicon Slopes to be a productive location for an expansion.”
Trigger Reital and Jeff Rossi of Newmark’s Tenant Representation Team (an EDCUtah investor in Salt Lake City), provided real estate services to the client and originated the project for Team Utah.
Vlada Yaremenko, business development manager, led Project SaaS for EDCUtah.
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Business Development Managervyaremenko@edcutah.org