On Deck, the technology-powered Main Street lender, opened its new western regional office in Denver, Colorado, where it expects to hire more than 200 professionals during the next two years in sales, operations and technology functions.
"Having a Western regional hub allows us to better reach and serve our surging customer demand in the Mountain and Pacific Times zones, and the City of Denver is a great fit for our needs," said Noah Breslow, chief executive officer, On Deck. "We were also looking for the right combination of a growing, educated workforce and a large concentration of high-tech workers."
Denver has a strong, technology-focused community that was a natural fit to support the New York-based company's rapid growth. The City of Denver and the State of Colorado also provided strategic input and training subsidization programs that enabled On Deck to efficiently navigate the local area and ramp up its operations.
"On Deck's decision to expand in Colorado is reflective of the state's pro-business climate and high quality workforce," said Gov. John Hickenlooper. "The company has already boosted many small businesses in Colorado with capital, and we look forward to their continued support of our innovative business climate. Companies like On Deck are a powerful engine for our economy, and we look forward to a mutually beneficial relationship between them, the state, and their customers."
"Denver is proud to welcome On Deck to the Mile High City. This announcement clearly reaffirms Denver's position as a leading city nationally and internationally for business expansion and success," said Mayor Michael Hancock. "On Deck's move into Denver further enhances our strong financial services sector while providing additional tools to spur small business growth throughout our city, region and state."