Madwire accepts $2.9M state tax incentive, vows to create 300-plus jobs

By: InnovatioNews Thursday August 29, 2013 0 comments Tags: Farra Lanzer, Loveland, Madwire Media

Madwire logoLOVELAND -- Madwire Media today announced it will accept a $2.9 million state tax incentive in return for a promise to create 300-plus jobs within the next five years.

The marketing and design firm said the incentive will allow the company to continue to expand its core products and bring more business and revenue into the state.

"The generous tax incentive that the state has offered will help us continue to create jobs in Colorado and bring global revenue to the state," said Farra Lanzer, Madwire spokeswoman. "As an innovative company at the forefront of digital marketing, this tax incentive will also help us to expand and grow our core marketing products that help small businesses grow."

"We're delighted to see companies like Madwire Media continue to grow and thrive in Colorado," said Gov. John Hickenlooper. "Today's announcement of more than 300 jobs by Madwire, which continues to receive national accolades for their innovative business model, shows the strength of the talent and positive business climate across the state."

Madwire has experienced exponential growth since its founding in 2009, growing from two employees to more than 130 today. The company was recently listed as the 51st-fastest-growing company in the nation and second-fastest in Colorado on the Inc. 500 list.

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About the Author: InnovatioNews

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.