Growing Denver business travel management company looking to create 1,739 jobs has been approved for up to $ 8.85 million in job growth incentive tax credit dollars, the largest of five awards the Colorado Economic Development Commission approved Thursday morning.
âProject Pilot,â the applicant’s code name, employs just under half of its 400 employees in Colorado. The company’s lease is expiring and it plans to move its headquarters to Dallas, Phoenix or Tampa, as well as stay in the Denver area, said Michelle Hadwidger, deputy director of the Colorado Office of Economic Development and International Trade.
The jobs on offer would be in sales, marketing support, research and development, and administration and would pay an average annual salary of $ 76,145, which is just above the Denver County average annual salary. Of the jobs to be added, 27 would be in rural Colorado, earning the company an additional $ 135,000 in cash reward from the State Strategic Fund.
Although the name of the company was masked, as is usually the case with incentive requests, the first names of the executives present at the Zoom meeting, Elia and Colter, correspond to Elia Wallen and Colter Starks, the CEO. and vice president of hotel finance. Engine, which books hotel rooms at discounted rates for corporate clients. Cherry Creek Company did not respond to email confirmation requests.
Healthcare tech company codenamed “Project Polish” received commission approval for $ 2.1 million in job growth incentive tax credits in exchange for the creation 298 net new jobs paying an average annual salary of $ 68,104, or 126% of the annual average. salary in Larimer County, where the company is looking to locate.
The start-up will manufacture point-of-care diagnostic equipment and wants to build a rapid-response facility to produce diagnostic test strips as well as specialized chips. It has one employee and 50 contractors, none of which are based in Colorado. Utah is also in contention.
President Eric Doherty said at the meeting that his company had a preliminary contract with the Department of Defense to work on some of its priorities and a recommendation from the Department of Infectious Diseases at Colorado State University.
An Eric Doherty was named president of a startup called Blink Science in January, and the statement said the Atlanta-based company was working on the world’s first point-of-care testing systems for COVID-19.
The commission approved another “retention” award, worth $ 1.14 million in job growth tax credits, to a facility service provider codenamed ” Maroma Project â. Nearly half of the company’s 4,000 employees are in Colorado, and the company plans to add 261 new jobs paying an average annual salary of $ 75,709 in engineering, operations support, management. and other professional roles.
The company is looking to add jobs in Adams County, but is also considering locations in New Mexico, Arizona, Nevada and California.
The commission also granted two more modest employment incentive tax credits, including one in the amount of $ 856,281 to a company known as “Project Velvet” which provides business intelligence, management services. data and other technology services to corporate clients. The company currently has two dozen employees and is looking to add 69 jobs in Colorado, Arizona or Washington. Positions, primarily in the tech arena, are expected to pay an average annual salary of $ 142,710.
Project Teal, an early stage outdoor recreation company with five employees, is envisioning Gunnison for a head office that would create 24 net new jobs with an average annual salary of $ 65,075. Other locations the woman-owned business is considering are in Chelan, Wash., Or Burlington, Vermont.
State staff initially offered a $ 75,000 grant from the State Strategic Fund, an amount the town of Gunnison agreed to match with a local incentive. But Commissioner Jay Seaton recommended a higher price to keep Colorado competitive with rivals, arguing the two dozen jobs would be “huge” for Gunnison. The company received approval of $ 157,000 in cash incentives linked to job creation on offer within five years.