Colorado Springs News, Sports & Business

Gazette Premium Content Companies eyeing Colorado, including Colorado Springs, get OK for incentives

by aldo svaldi The Denver Post - Published: March 13, 2014
by aldo svaldi The Denver Post - Published: March 13, 2014

The Colorado Economic Development Commission approved incentive requests Thursday that could bring more than 630 jobs to the state, including about 40 in Colorado Springs. Boston-based Layer3 TV requested $2.9 million in job-growth incentive tax credits in return for creating 321 new jobs in...

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The Colorado Economic Development Commission approved incentive requests Thursday that could bring more than 630 jobs to the state, including about 40 in Colorado Springs.

Boston-based Layer3 TV requested $2.9 million in job-growth incentive tax credits in return for creating 321 new jobs in Denver paying an average wage of $92,083.

The start-up, which recently raised $7.5 million in its first round of venture capital financing, describes itself as "a next-generation cable provider spearheading a new era of home media, combining the best of television, social and digital life."

The region's expertise in cable television is why the company wants to expand here, a Layer 3 executive, not to be confused with Level 3, told the commission.

Invento Americas received approval for $242,817 in incentives tied to 38 jobs at a new plastic can production plant in Colorado Springs. The see-through cans, with aluminum tops, are made of PET using a technology developed in Poland.

Read more of this story at http://bit.ly/1hgAbT1.

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