Oracle Plans To Build New Global Information Technology Facility To Support Growing Customer Base
May 19, 2008
To meet the needs of its growing customer base, Oracle Corporation (NASDAQ: ORCL) today announced plans to build a new Global Information Technology facility in West Jordan, Utah. "Oracle is committed to providing our customers with the highest-level of service, and this new facility will allow us to support our growing On Demand business, as well as the technology infrastructure to support our research and development and customer service requirements," said Oracle President Safra Catz. "We are delighted to be creating a significant new presence in Utah."
Oracle anticipates breaking ground on the 200,000 square foot facility during the summer of 2008 and the company expects to begin operations in early 2010. The new facility represents a $285 million dollar initial capital investment by Oracle.
The Utah Governor's Office of Economic Development offers incentives in collaboration with many different partners. Local government, utilities and the private sector along with EDC Utah all contributed to the process of bringing the Oracle high-tech jobs and facilities to Utah, which is widely recognized as having one of the most dynamic economies in the country. This Oracle facility will now join with a number of other world-class companies who have recently announced new facilities in the State. The site is expected to house around 100 employees, with wages exceeding 200% of the Salt Lake County average wage.
"We would like to thank Oracle for choosing Utah as the site for their facility," said Utah's Governor Jon Huntsman. "Major corporations need a well-trained and highly-skilled workforce, and the quality of Utah's workforce and our increasing focus on workforce development are crucial aspects for Oracle."
"Oracle's commitment to substantially increase its presence in Utah is excellent news," said Senator Orrin Hatch. "For several years, I have been providing Oracle's top executives with details about what makes Utah such a great place to do business. Oracle is a well-run company with a history of success and this announcement underscores what a great environment Utah maintains for businesses and families."
"Oracle will be an asset to our city," said West Jordan Mayor David Newton. "We are thrilled they selected West Jordan as the site for their project. Oracle is the world's largest enterprise software company, with a well-deserved reputation for offering superior employment opportunities, engaging with and giving back to the community. We look forward to our partnership with them."
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
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The Governor's Office of Economic Development (GOED) charter is based on Governor Huntsman's commitment to economic development statewide. GOED is an agency with two strategic business units, business development and tourism. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around industries or "economic clusters" that demonstrate the best potential for development. GOED utilizes state resources and personnel as well as private sector contracts with organizations such as the Economic Development Corporation of Utah (EDCUtah), Utah Defense Alliance, the Manufacturers Extension Partnership (MEP) and others to fulfill its mission.