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Metro Denver companies announce expansions in early 2011
Momentum in the economy is growing with several companies recently announcing expansion plans throughout the Metro Denver region.
Ball Aerospace & Technologies Corp. announced in January 2011 plans to add 250 full-time employees to work on $1 billion in new contracts the company won in 2010--including the Worldview-3 project and the Joint Polar Satellite System-1 weather satellite.
Google Inc., headquartered in Mountain View, CA, announced its second expansion in Boulder in seven months, leasing 16,000 square feet of new space. Google officials say the company has aggressive growth plans for the site. Google already employs 100 people in Boulder.
Halliburton will add 300 new employees in Fort Lupton as it brings a new $20 million facility online within two years. The company is drilling wells in the Niobrara shale formation in northeast Colorado.
Microsoft expanded its operations in Boulder by 6,000 square feet in late 2010, occupying a total of 32,000 square feet. The office focuses on online mapping technology, including Bing maps.
Walker Component Group Corp., a company that makes electrical components for companies such as Motorola, Mitsubishi, and General Electric, is expanding in Denver after landing a four-year contract with Vestas to supply cables used in turbines' nacelles. Walker has hired 25 new staff and plans to hire 25 additional workers in four months.
Learn more:
» News and Deals on metrodenver.org
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Governor Hickenlooper helps welcome new companies to Metro Denver
 The Metro Denver EDC held an Executive Welcome Reception on January 20 for executives whose companies expanded or relocated to the region in recent months. Colorado Governor John Hickenlooper delivered the keynote speech and met with company leaders one-on-one.
"Colorado wants to become known as a place for innovation, for entrepreneurs, and for CEOs that aren't afraid of taking some risks," stated Gov. Hickenlooper. "We will work hard at the state to help make you the best in your industry."
Investors from the Metro Denver EDC and Denver Metro Chamber Executive Committees as well as economic development partners were on hand to welcome business leaders new to the area.
Fifteen new companies were present for the event including: Ascent Solar, Aluwind, American Zephyr Corporation, Ashford University, Bach Composite Industry, Composotech Structures, DaVita Inc., juwi Wind, LLC, PMC Hydraulics Inc., Power Tagging Technologies, Inc., REpower USA, Rocky Vista University, Sharklet Technologies, SMA America LLC, and Vestas.
» Event photos on Flickr
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Bioscience Discovery Evaluation Grant Program creates nearly 600 jobs in Colorado
 The Colorado BioScience Association (CBSA) released results of the Bioscience Discovery Evaluation Grant Program (BDEGP) at the CBSA's Third Annual "Bioscience Day at the Capitol" event on February 2. The BDEGP was created by the Colorado General Assembly in 2006 to grow the bioscience industry in the state.
According to the Colorado BioScience Association, the BDEGP has more than met expectations since its inception in 2006, providing the state a significant return on investment.
"Appropriated funding to date for the BDEGP has totaled $14 million; $10.8 million has been awarded as of August 2010, and $5.5 million has been appropriated for each of the next two years. The program has created 598 direct and indirect jobs in the state, resulting in a payroll of more than $44 million. Another $68 million has been leveraged through follow-on investment, grants and matching funds, providing 8.3 times the state's funding," explained CBSA President and CEO Holli Baumunk.
The BDEGP addresses critical gaps in the continuum from basic science (more than $600 million to Colorado's scientists each year), to new discoveries, to technology transfer (where no other funds exist to assess technologies), to R&D in early stage companies (where investment funds are scarce), to new products that improve health and the environment. More information on the BDEGP can be found on the CBSA's website
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Learn more:
» Colorado Bioscience Industry Study on metrodenver.org
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