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Technology: 2 international firms eye Denver area for American HQ locations

Posted on: Jan 19 18

by: admin

Two international companies are considering locating their U.S. bases of operations in the Denver metro area, potentially bringing more than 1,600 new jobs with average salaries of about $100,000 to the region. Colorado Economic Development Commission members voted unanimously Thursday to offer more than $14 million in job-growth tax incentives each to Accelo, an Australian provider of cloud-based business-management software, and to Maxar Technologies, the American subsidiary of the Canadian firm that recently acquired DigitalGlobe of Westminster. EDC documents did not identify Maxar Technologies by name, but it was clear from the description of the company who it was. Maxar, a space and geospatial solutions company, is looking to establish a new U.S. corporate headquarters and bring as many as 856 new jobs to Adams, Boulder, Denver or Weld counties — jobs that pay an average of $116,917, according to Michelle Hadwiger, deputy director of the Colorado Office of Economic Development and International Trade. In addition to Colorado, it is looking at potential locations in Virginia, Michigan, South Carolina, British Columbia and Quebec. EDC members voted to offer as much as $14.3 million in incentives if the company creates the expected jobs. “During the acquisition, Colorado lost a headquarters,” Hadwiger said. “This would be the opportunity to regain a headquarters from a much larger global company.” Accelo, meanwhile, currently has no employees in Colorado. But after it recently raised $9 million in funding to develop a U.S. that eventually will be the largest office and center of growth globally for the company, it is looking at options in Denver and Salt Lake City, as well as in the areas around Houston and Austin, Texas. EDC members voted to offer as much as $14.8 million to Accelo if it were to create 787 jobs at its U.S. base of operations — positions in sales, business operations and other areas that would pay average annual wages of $92,977, Hadwiger said. She warned that Texas is offering less money — about $5 million — but that the offer may be more attractive to the company because that offer is cash that can immediately go to Accelo’s bottom line rather than tax credits it can take only after it becomes profitable in the U.S. “These were really exciting projects to start the year off — and quite a few jobs created,” EDC member Tara Marshall said. In addition, the commission offered these other incentives: As much as $5.2 million to “Project Computer” — most potential incentive beneficiaries go by pseudonyms until deciding whether or not to take the offer — which is a data-center infrastructure firm with 40 current Denver-area workers that is considering adding 200 jobs in Colorado, Alabama or Florida through the establishment of a regional technology and customer-experience center. Up to $1.6 million to “Project 5485,” a California-based wealth-management-services provider considering creating 75 new jobs in the metro Denver area, Texas or Missouri through the establishment of a centralized center for operations, marketing and mergers and acquisitions. As much as $706,267 to “Project Aviate,” a European manufacturer of interiors for corporate jets that is looking to expand in Wyoming or Colorado — likely in the Colorado Springs area — and create 60 new jobs. Up to $267,500 to Arrivo, a California transportation technology company that is building a test track in Commerce City and looking to hire as many as 152 workers there. As much as $59,055 to “Project Badger,” a Midwestern-based regional and national distributor of building materials that is deciding between Limon and South Dakota as a location for a new warehouse and distribution center that would create 18 jobs. This could mean significant development of warehouse space in Broomfield.

Source: Denver Business Journal 18 January 2018, by Reporter Ed Sealover

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