Utah’s leading independent equipment leasing company Onset Financial is moving to Draper. At a groundbreaking today, the company announced plans to build a 31,000 square foot state-of-the-art facility.

“We are so excited to be breaking ground on our new building,” said Justin Nielsen, Chief Executive Officer 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 over 50-percent year-over-year growth.

“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 Utah. The Deseret News called Onset the 23rd best place to work and Inc. Magazine just ranked Onset in their prestigious Inc. 5000 which names the country’s top private organizations based on revenue and growth.

Completion is set for next summer.