SALT LAKE CITY (AP) — A Pleasant Grove-based company that makes aromatic compounds from natural ingredients has signed an incentive agreement with the state that will result in the creation of more than 300 jobs.

Under terms of the 10-year agreement announced by state officials, doTERRA will pay some $83 million in new state tax revenue and make $60 million in capital investment.

The 330 full-time jobs the company is adding in Pleasant Grove will mean $136.4 million in new state wages — or at least 125 percent of Utah County's average annual wage, including benefits.

Gov. Gary Herbert hails the agreement, saying doTERRA has already brought many jobs to Utah County even though it was created only a few years ago.