The Utah Governor’s Office of Economic Development (GOED), Lehi City, and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce Weave, one of Utah’s fastest-growing tech companies, will expand its operations in Utah, creating 997 new jobs in the next 10 years.
“We’re excited that yet another technology company has decided to expand in Utah,” said Val Hale, GOED executive director. “Working with companies like Weave to grow its operations in the state will help build upon Utah’s exemplary economic success.
Headquartered in Lehi, Utah, Weave was founded in 2008. Weave services small and medium businesses with its VoIP (Voiceover Internet Protocol) phone system, software and payment solutions that aims to improve overall customer experience. The company’s platform serves to improve communication between businesses and their patients or customers.
“We’re thrilled to be able to expand our footprint in Utah’s burgeoning tech sector, and we’re very excited that we get to do it with the support of the Governor’s Office of Economic Development,” said Brandon Rodman, co-founder and CEO of Weave. “This opportunity will be instrumental in our recruiting efforts and product development. Utah has a very competitive job market, especially in the tech industry. We’re proud to be in good company with so many of these Utah-based tech companies. We hope to continue to attract top talent to the state and add even more value to the Silicon Slopes landscape.”
Weave has more than doubled in employee growth and revenue in the past year and recently raised $70 million in funding to support its expansion into industries beyond dental and medical.
“We welcome Weave to our growing community of tech-centered corporations,” said Mark Johnson, Lehi City Mayor. “As the heart of Silicon Slopes, Lehi City is focused on encouraging innovation and pioneering Utah’s future while promoting a family-centric community. We look forward to building a partnership with Weave in advancing these goals and welcome their employees to our great city.”
The GOED Board has approved a post-performance tax rebate not to exceed $5,184,765 over the 10-year life of the agreement.
“We’d like to congratulate the city of Lehi for leading out on this project and helping another high-growth technology company,” said Theresa A. Foxley, president and CEO of EDCUtah. “We know that Weave will find Silicon Slopes a productive place to continue growing its business.”
For more information on Weave, visit https://www.getweave.com/
Erin Farr, business development manager, led this project 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.
Vice President of Business Developmentefarr@edcutah.org