Madwire awarded $2.9M in state tax credits to create 300 jobs over next five years in Colorado

By: InnovatioNews Friday July 26, 2013 0 comments Tags: Loveland, Madwire Media

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LOVELAND - A story in today's Reporter-Herald says Madwire Media, a rapidly growing website production and marketing firm, has been awarded $2.9 million in state tax credits in return for creating 300 new jobs over the next five years.

The story by Jessica Maher says the credits were awarded through the state's Job Creation Performance Incentive Fund on Thursday.

Madwire has also requested nearly $300,000 in incentives from the city of Loveland to help the company move into the Rocky Mountain Center for Innovation and Technology, formerly the HP/Agilent campus.

Madwire has told the Loveland council if it doesn't move into RMCIT, it would likely expand its operations in Texas.

The Reporter-Herald story said the city's economic development department and the Northern Colorado Economic Development Corp. have been working for the past several months to find ways to keep Madwire expanding in Loveland.

Madwire was founded in 2009 and the company's 130-plus employees have outgrown the two buildings the company currently occupies at the south end of Lake Loveland, the story said.


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InnovatioNews is an online news magazine spotlighting innovative companies, products and people in Colorado. Launched in June of 2012, the site is the recipient of multiple awards.