The Governor’s Office of Economic Development (GOED) and SoFi, a finance company, announced a new regional office in Utah which will bring 400 jobs to the community. SoFi is headquartered in San Francisco and works with their members to help them acheive their money, career and relationship goals.

“SoFi is an exciting disruptive company in both finance and technology,” said Val Hale, executive director of GOED. “Utah has a strong financial sector and booming IT industry, and I believe SoFi will be right at home here. We look forward to the significant impact the company will have not only on our economy but the local community as well.”

SoFi anticipates that the new office will create up to 400 jobs over the next five years. To date, the company has lent more than $8 billion in mortgages, student loan refinancing and personal loans to over 125,000 members in addition to career services and entrepreneur support. SoFi’s Utah office, location to be determined, will employ professionals in different functional areas to complement their other regional offices.

“I’m very happy to welcome SoFi to Utah,” said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. “They’ll be a fantastic addition to the state’s dynamic financial services industry and a great complement to the excellent companies already doing business in the state.”