Onset Financial, an independent equipment leasing company, announced that it will move to Draper, UT at a groundbreaking ceremony last week. The groundbreaking was for a planned 31,000 square foot state-of-the-art facility.

“We are so excited to be breaking ground on our new building,” said Justin Nielsen, CEO of Onset Financial. “This is the culmination of many years of hard work and dedication from our team. It’s going to be fantastic to integrate our culture into our campus.”

The plan comes after nine years of more than 50% year-over-year growth. Completion is set for summer 2018.

“Onset Financial has been on a fast track of success,” said Aimee Winder Newton, Salt Lake County councilwoman. “We love supporting local businesses who keep our local economy strong.”

Utah Business recently named Onset as the 30th fastest growing company in the state. The Deseret News called Onset the 23rd best place to work and Inc. Magazine just ranked Onset in its prestigious Inc. 5000 ranking.