Visa plans to invest $9 million to establish a 66,000 square foot Global Technology Center in Douglas County, Colorado, creating hundreds of jobs in the region over the next five years.
"As Visa's business continues to grow, it is important that we expand our operational capabilities to advance our business," said Michael Dreyer, Global Head of Technology and CIO, Visa, Inc. "This partnership with the State of Colorado enables us to increase our existing operations with key talent while stimulating the local economy."
"We are excited that Visa has selected Colorado for its expansion." Gov John Hickenlooper said. "This news helps demonstrate that Colorado, with its innovative ecosystem and strong technology base, is a state where business grows and thrives." Visa already employs about 700 in Colorado.
As an incentive Denver South Economic Development Partnership, with support from the Metro Denver Economic Development Corporation, collaborated with the State to help find a home for Visa's expansion. The company will receive up to $5.7 million in tax credits from Colorado's Job Growth Incentive Tax Credit for the creation of up to 406 new jobs over five years. The types of positions that will be hired include IT, financial, and client support with an average annual salary well above the average annual wage in Douglas County.