In early 2020, Pax8, a homegrown cloud distribution technology company based in Greenwood Village, Colorado, developed an initiative that would expand its workforce to rural areas of Colorado. The goal was to create a positive social impact in the state while also growing the company's diversity. By increasing its recruiting efforts outside of Denver, Pax8 hoped to attract people with different backgrounds and experiences, driving the progression of Pax8's diversity-driven culture.
Location Neutral Employment Incentive
It’s the start of a new year and various institutions are coming out with their annual rankings. Once again, Colorado stands out as a premier place to create or expand a business.
Colorado company awarded state incentives for hundreds of new in-state jobs
DENVER — The Colorado Office of Economic Development and International Trade (OEDIT) announced today that INFOCU5 (pronounced “in focus”) will relocate its Pasadena, California-based operations to Grand Junction. This move, combined with its expansion plan, will add 403 net new jobs to the state, 171 of which will be location-neutral and available throughout rural Colorado.
The Colorado Office of Economic Development and International Trade (OEDIT) announces that Pax8, a cloud distribution technology company based in Greenwood Village, Colo., has selected Colorado as home to its latest expansion project. Already recognized as one of the fastest growing companies in Colorado, Pax8’s projected expansion will create up to 1,852 jobs in Colorado over the next eight years.
Companies looking to move or expand to Colorado can now take advantage of a new cash incentive offered by the Colorado Office of Economic Development and International Trade (OEDIT).
The Location Neutral Employment (LONE) incentive provides an incremental cash incentive of up to $6,500 per remote employee per year for up to five years to companies that hire new employees in designated rural areas of the state.
The Colorado Office of Economic Development and International Trade (OEDIT) announced today that it has hired the state’s first three location neutral employees to help expand rural prosperity.
Colorado’s economic strength and resilience shape today’s success and tomorrow’s possibility. Colorado boasts the nation’s number one economy and sustaining that prosperity depends on collective engagement.
Colorado’s Office of Economic Development and International Trade (OEDIT) unveiled a new economic development initiative aimed at encouraging economic prosperity throughout rural Colorado. Colorado’s Mutual Prosperity (COMP) Program incents new jobs that can be performed from eligible rural areas of the state.