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.
Foothills mall ownership: McWhinney seeks to buy Fort Collins mall
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McWhinney plans to push mixed-use as it pursues Foothills mall takeover
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Economic developers from Weld, Larimer, Broomfield and Boulder counties expect the new year to be somewhat better than the year just past, but they have caveats.
“We’ll hold the line in 2021, and it could be a reasonably good year if we see similar stimulus activity,” said Josh Birks, economic health director for the city of Fort Collins.
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Farewell, Kmart: King Soopers ready to raze Fort Collins site, make way for new store Pat Ferrier, Fort Collins Coloradoan © Timothy Hurst/The Coloradoan A MAX Transit bus heads North past the pothole-laden parking lot used primarily by people riding the bus on Tuesday, June 5, 2018, at the old Kmart parking lot at East Drake Road and South College Avenue in Fort Collins, Colo.
Within the next few months, Fort Collins could finally see the wrecking ball come down on the blighted Kmart plaza at 2535 S. College Ave., in the heart of Midtown.
After years of talks, studies and different iterations, Dillon Cos. the parent of King Soopers owner Kroger will ask the city s planning and zoning board on Jan. 21 to approve its plan to raze the old Kmart, Loaf N Jug and former Radio Shack buildings to make way for what they re calling Midtown Gardens Marketplace.