Skip to Content

Goldman Sachs to expand, move downtown in Salt Lake City

SALT LAKE CITY (Deseret News) — Financial giant Goldman Sachs is moving downtown and nearly doubling its operation in Utah's capital, officials announced Thursday morning.

The banking and investment firm will relocate from the University of Utah's Research Park to occupy seven floors in the newly completed 222 Main.

Officials said the move would be complete in early 2011.

In the meantime, Goldman Sachs plans to grow its operation in Salt Lake from about 700 employees to more than 1,150, officials said.

"Salt Lake City is an important part of our business, and we are proud to be expanding and building more opportunities in this community, " David Lang, managing director in the Salt Lake City office of Goldman Sachs, said in a statement. "The excellent talent and resources we have been able to tap into here through the Utah education system and general labor market has been invaluable to our firm. We thank the city and state for their continued support and recognize the tremendous value Utah adds to our global business."

Officials touted Goldman Sachs' move to Main Street as another step in a struggling downtown's revitalization.

Original Article