August 20, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

OOCL to Open Office in Utah

Press Release

August 20, 2013

Salt Lake City — The Governor’s Office of Economic Development (GOED) announced today that Orient Overseas Container Line (USA) Inc., an international container shipping and logistics company with world headquarters in Hong Kong, will open a Utah office.

OOCL will establish an integrated management and service center for its North American business. The company is expected to relocate and/or hire 300 management and professionals in Salt Lake City, paying remuneration packages and benefits in line with the industry, which are expected to be at least 125 percent above the county’s average annual wage, including benefits, over a 20-year period.

OOCL has agreed to a tax incentive agreement with the state. Throughout the life span of the agreement, OOCL is expected to pay more than $500 million in new state wages and more than $19 million in new state taxes. The GOED Board of Directors has approved a $4,769,804 Economic Development Tax Increment Finance (EDTIF), post-performance refundable tax credit, and a $953,961 IAF grant to offset any cost associated with the move, which the company can earn, or 30 percent of the net taxes paid by the company over the lifetime of the incentive.

OOCL is one of the world’s largest integrated international container transportation, and logistics and terminal companies. 

Utah Business Social
UB Events View All
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor: Griffin Hill, Premier Sponsors: The Summit ...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the Year 2015 ... NOMINATIONS NOW OPEN!Utah Business Event
Mar 31, 2015
CEO of the Year Nominations end - January 7, 2015. Visit: www.utahbusiness.com/nomination_item...
Community Events View All
Anatomy Sketch Night | December 18th
Dec 18, 2014
During his life, Leonardo da Vinci sketched 100's of anatomical drawings of humans and animals. ...
Sandler Management Solutions
Dec 19, 2014
Looking for a way to manage your team systematically and effectively? Sandler Management Solutio...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel