Startups

Travel tech company looking at Denver for another 1,739 jobs – The Denver Post


A rapidly-growing Denver corporate travel management company looking to add 1,739 jobs received approval for up to $8.85 million in state job growth incentives tax credits, the largest of five awards the Colorado Economic Development Commission approved Thursday morning.

“Project Pilot,” the codename for the applicant, has just under half of its 400 workers in Colorado. The company’s lease is expiring and it is considering relocating its headquarters to Dallas, Phoenix or Tampa, as well as remaining in the Denver area, said Michelle Hadwidger, deputy director of the Colorado Office of Economic Development and International Trade.

The proposed jobs 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 average annual wage for Denver County. Of the jobs to be added, 27 would be in rural Colorado, which qualified the company for an additional cash award of $135,000 from the state’s Strategic Fund.

Although the company’s name was masked, as is usually the case with incentive requests, the first names of the executives present at the Zoom meeting, Elia and Colter, match up with Elia Wallen and Colter Starks, the CEO and vice president of finance at Hotel Engine, which books hotel rooms at discounted rates for corporate clients. The Cherry Creek company did not respond to email requests for confirmation.

A health care technology company with the codename “Project Polish” received commission approval for $2.1 million in job growth incentive tax credits in return for the creation of 298 net new jobs paying an average annual wage of $68,104, which is 126% of the average annual wage in Larimer County, where the company is looking to locate.

The start-up will make point-of-care diagnostic equipment and wants to build a rapid-response facility to produce diagnostic testing strips as well as specialized chips. It has one employee and 50 contractors, none of which are based in Colorado. Utah is also in the running.

President Eric Doherty, said during the meeting that his company has a preliminary contract with the Department of Defense to work on some of its priorities and a recommendation from the infectious-disease department at Colorado State University.

An Eric Doherty was named as president of a startup called Blink Science in January, and the release stated the Atlanta-based company was working on the world’s first point-of-care testing systems for COVID-19.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.