Merrick & Company The 26-minute film, produced by independent film studio gritHouse, brought the story of employee ownership to life and the studio is now considering an employee-ownership structure for their own company, the release said.
âFilming this documentary was an insightful experience for us at gritHouse,â Justin Lewis, owner and director at gritHouse Films, said in the news release. âAs we heard the many inspiring stories about the benefits of employee ownership, we began to discuss how we d like to pursue employee ownership within our company. At gritHouse, we value equity and employee ownership allows us to create a fair and equitable environment for everyone.âÂ
Just two weeks after Colorado offered it job tax credits, Square Comp announced it’s locating its U.S. headquarters in Fort Collins and creating more than 50 jobs.
The early-stage Indian technology company develops virtual reality training for manufacturing companies. Fort Collins beat out the other location in California.
The company’s flagship technology, GRAHA’s VR, “offers virtual reality-based technical training solutions to manufacturing companies for the up-skilling and reskilling of their blue-collar workforce.” The training is supposed to be safer and doesn’t require downtime on production lines. Founded in 2018, Square Comp is based in Chennai, India.
The Colorado Office of Economic Development and International Trade offered the company up to $494,747 in performance-based job tax credits meaning they don’t get the money until the hires are onboarded. Square Comp has eight years to make the hires.
Square Comp Selects Colorado for its US Headquarters
Square Comp Selects Colorado for its US Headquarters
Comments Off on Square Comp Selects Colorado for its US Headquarters
Square Comp, an early-stage, Indian technology company, has announced Fort Collins, Colorado as the home of its new US headquarters. They first became acquainted with Colorado during Governor Polis’s trade mission to India in November 2019.
“Good-paying jobs continue to expand across our Front Range tech corridor from Colorado Springs to Fort Collins,” said Governor Jared Polis. “Square Comp is a great addition to Fort Collins and Colorado continues to feel the economic benefit of my first Foreign Direct Investment mission to India in 2019.”
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Even as the pandemic forced states to shift their policy priorities and grapple with the economic downturn during the 2020 legislative session, governments continued to enact major reforms to economic development tax incentives. And as more states across the country implement processes to regularly produce high-quality, rigorous evaluations of such programs, lawmakers increasingly use findings from these reports to inform policies that ensure that incentives are effective, accountable, and fiscally sound.
For example, New Jersey previously lacked a process to regularly evaluate its flagship economic development incentives. One-time incentive reviews published in 2018 and 2019 identified design, administration, and cost issues that guided several years of debate among policymakers and stakeholders. In December, lawmakers reached an agreement on how to replace these programs. The legislation creates and amends incentives for job creation and retention, real estate devel
An India-based tech startup has chosen Fort Collins as its U.S. headquarters following Gov. Jared Polis 2019 international trade trip.
Square Comp, which offers a customizable virtual reality platform designed for manufacturing companies’ training purposes, expects to bring 54 new high-tech jobs with a minimum average annual wage of $71,676 132% of Larimer County s average annual wage of $54,145 according to the Colorado Office of Economic Development and International Trade.
The company will be eligible to receive $494,747 in performance-based job growth incentive tax credits over eight years from the state economic development office once it proves it has created and maintained the 54 jobs for at least a year, said OEDIT spokesperson Jill McGranahan.