UT: TaskEasy to Make $6.5M Salt Lake City Expansion, Hire 191
13 Nov, 2017
The Governor’s Office of Economic Development (GOED) announced that Utah-based TaskEasy will expand in the state, adding up to 191 jobs, $5.3 million in new state revenue and an estimated $6.5 million in capital investment.
“TaskEasy is experiencing massive growth and is expanding into new strategic markets across all 50 states,” said Val Hale, executive director of GOED. “We are pleased that they’ve chosen to stay in Utah. We are excited about the jobs this expansion will create and the company’s contribution in making Utah a premier destination for business.”
TaskEasy makes ordering lawn maintenance as easy as shopping online. TaskEasy delivers lawn care services direct to customers through their mobile app and website. As the first company to apply the services-on-demand model nationwide for lawn maintenance and multi-site property management, TaskEasy’s proprietary platform establishes a fair market price and supports guaranteed, quality service for homeowners, property managers, and landscape contractors. Now in over 10,000 cities and in all 50 states, TaskEasy is established as the largest and most respected authority in the automated lawn care industry.
“TaskEasy was founded in the uniquely entrepreneurial culture of Utah, and starting in this environment has really helped support our growth,” says Karl Sowa, COO and CMO of TaskEasy. “We’re pleased to double-down on our growth here in Salt Lake City, and this state of Utah investment will help us achieve our job creation goals even faster.”
TaskEasy will create up to 191 jobs over the next five years. The total wages in aggregate are required to exceed 110 percent of the county average wage. Projected new state wages over the life of the agreement are expected to be approximately $50,826,118. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $5,378,949 over five years.
“We always love seeing Utah companies grow in the state,” said Theresa Foxley, president and CEO of the Economic Development Corporation of Utah. “TaskEasy’s growth will continue to have a positive impact on Utah’s economy.”
TaskEasy may earn up to 15 percent of the new state taxes they will pay over the five-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with TaskEasy, the GOED Board of Directors approved a post-performance tax credit rebate not to exceed $806,842. Each year as TaskEasy meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
The company is working closely with the local community to determine the best location for its expansion. Exact location will be announced at a future date.