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Area Development - Site Selection, Facility Planning and Workforce Development

Marqeta Locates Second Headquarters in Denver, Colorado

06/26/2020
Marqeta, the global modern card issuing platform, will locate its second company headquarters in Denver, Colorado.

“While the current pandemic has brought unprecedented change to our working lives, we expect collaborative office spaces to remain an important part of the Marqeta culture,” said Jason Gardner, Founder and CEO of Marqeta. “We are thrilled to be expanding Marqeta into metropolitan Denver, exporting the unique culture and energy from our Oakland home into a new city and tapping into a deep talent pool in Colorado.”

“Colorado is an emerging leader in financial technology because of our high quality of life and talented workforce, and I’m very excited to have a great company like Marqeta make its second home in Colorado. Our state is a hub for innovation and the entrepreneurial spirit,” said Governor Jared Polis. “This is a challenging time for many businesses, and we’re excited to see the creative ways companies are finding to continue growing while protecting their employees and customers. I look forward to seeing the further success of Marqeta here in Colorado.”

“Marqeta signals to the market that Colorado is a prime location for companies seeking a diverse industry base. Colorado is a place where finance and technology converge and a robust fin-tech industry thrives. Innovative companies are seeking lower cost markets and we are pleased to see a high profile segment leader like Marqeta join our growing financial technology cluster,” said Michelle Hadwiger, director of Global Business Development at OEDIT. “

According to The Colorado Office of Economic Development and Trade, Marqeta expects to employ over 500 people over the next eight years, with a goal of hiring 100 FTEs in its chosen location within the first 12 months of the office opening. The Average Annual Wage (AAW) for these new positions is $134,472 which represents approximately 155 percent to 184 percent of the Average Annual Wage of the areas being considered. These jobs represent a full suite of corporate functions including management, finance and business development, software engineering, marketing, legal, and operations.

The Economic Development Commission approved a Job Growth Incentive Tax Credit of $5,525,357 at its June 18 board meeting to help secure the company’s second headquarters. Colorado competed with Portland, Oregon, as well as 16 other cities who were considered, for the new facility.

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