Layer3 TV, a tech startup, next generation, cable provider combining the best of television, social and digital life,” selected the lower downtown area of Denver, Colorado, for its new headquarters. The company, which has already begun hiring a significant number of employees, anticipates its workforce will grow to an estimated 312 employees.
“Layer3 TV is excited to open our corporate headquarters in Denver and to become part of the thriving Colorado eco-system of innovators in both telecommunications and entertainment,” said Layer3 TV Co-Founder/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 last year 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. The startup cites several factors that contributed to its Denver selection, including the talented workforce, quality of life, and the city’s strong business and innovation environment, the Colorado Office of Economic Development and International Trade said.
“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'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 Governor 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."
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.