The social media company behind Snapchat will get a $2.5 million tax incentive from the state to develop a facility in Utah with 50 new employees, primarily engineers, who will focus on the company’s interests in camera technology and augmented reality.
Snap was offered the future tax credit Thursday by the Governor’s Office of Economic Development board, which liked what it saw in the wages these 50 new jobs are projected to generate over the 15-year life of the agreement — $334 million.
Snap acquired Utah County-based Scan, Inc.