Thursday May 15, 2014 0 comments
DENVER -- Layer3 TV, a fast-growing tech startup launching a "next-generation cable company," has selected Denver for its new headquarters.
Layer3 TV said it plans to open its headquarters in LoDo early this summer. The startup, which has already begun hiring a significant number of Colorado employees, anticipates growth to an estimated 312 new jobs paying an average wage of $92,083.
"Layer3 TV's decision to move its headquarters to LoDo is the latest in a growing trend of innovative start-ups that have chosen Colorado as the best place to expand their business," said Gov. John Hickenlooper.
"Our entrepreneurial and highly educated workforce and innovative business climate entices exciting companies like Layer3 TV to move here. We know that Layer3 TV will find great success here, and we welcome them to Colorado."
The startup cited several factors that contributed to its Denver selection, including a talented workforce, quality of life, and the city's strong business and innovation environment.
"Layer3 TV is excited to open our corporate headquarters in Denver and to become part of the thriving Colorado ecosystem of innovators in both telecommunications and entertainment," said Layer3 TV Co-Founder and CEO Jeff Binder.
"We look forward to benefiting from the tremendous talent pool here and becoming a contributor to the Colorado economy."
Layer3 TV was founded in 2013 in Boston by a group of veteran cable-industry entrepreneurs. The firm announced earlier this spring that it had raised $21 million in initial financing.
"With an energy of entrepreneurialism and ingenuity pulsating through the city, the addition of Layer3 TV to Denver is proof of how we are becoming the startup and small business capital of the country," Mayor Michael B. Hancock said.
"Pair this with the city's legacy as the 'birthplace' of cable television, and we are positive this is the perfect home for Layer3 to reside. We thank them for their investment in this community."
Layer3 TV said it represents "the evolution of television" and will incorporate the most advanced technologies-- combining live TV with social, digital and the Internet-- to bring the living room into the 21st century.
In support of the business expansion, the state awarded Layer3 TV $2,903,402 in job growth incentive fund tax credits for the creation of 312 net-new, full-time positions. The city is providing business personal property tax credits as well as workforce development and technical assistance to support the relocation.