A new, multimillion-dollar fintech-education center in Salt Lake City is Utah’s latest bid in a multistate race to become one of the nation’s top fintech hubs. While other cities and states have similar ambitions ambitions, the Salt Lake City metro area attracts such investments due to its low costs and a talent pool that has grown in recent years, thanks largely to graduates from nearby universities.
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Salt Lake City ups the ante in bid to become a fintech hub
Utah also uses tax incentives to help recruit companies. This includes giving companies that relocate or expand their operations in the state a refundable tax credit rebate for up to 50% of new state revenues that they produce over a set period and meet other requirements.
