DENVER BUSINESS JOURNAL - Colorado Economic Development Commission members approved incentives Thursday to keep an expanding corporate housing firm in Denver and to help a TV show pilot starring one of Denver’s most notable chefs become a full-time TV series.
Commissioners voted unanimously to award as much as $2.1 million in job-growth incentive tax credits to “Project Emerald,” an unnamed, nine-year-old tech-enabled company that manages short-term housing for a variety of client needs.
The company, which has 109 employees in the Denver area, is looking to expand and add as many as 172 new employees, but is considering relocating its headquarters to Salt Lake City or to Tempe, Arizona to access the young, tech-oriented workforces that populate those cities, said Rebecca Gillis, global business manager for the Colorado Office of Economic Development and International Trade.
The company would pay an average annual wage of $68,576 and make $16 million in facility-related investments over the next 10 years if it stays in Denver, Gillis added.
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