Polaris Alpha Plans Major Expansion in Denver and Colorado Springs, Colorado
According to company officials, the expansion will occur over the next eight years in two phases. The first portion will focus on the company's facilities in Metro Denver, where Polaris Alpha will build a new 20,000 square foot office. Through this first phase, 150 new jobs will be created at the Metro Denver location.
The second phase will involve the expansion of Polaris Alpha's Colorado Springs facilities. The company is planning to expand those offices by an additional 80,000 square feet of new space, and will hire 300 more employees there by 2026.
The expansion plans are the culmination of efforts by both the Colorado Springs Chamber & EDC and the Metro Denver Economic Development Corporation in obtaining state tax credits and job incentives to help facilitate this expansion by Polaris Alpha, a company spokesperson said. The two organizations worked together to secure a Colorado Job Growth Incentive Tax Credit from the State of Colorado that will assist in Polaris Alpha's recruiting efforts to fill its job openings. It will also enable Polaris Alpha to execute a multi-pronged advertising campaign to generate interest from potential employees in both the Denver region and Colorado Springs.
"We are extremely excited to accelerate our growth plans in Colorado," said Jay Jesse, president, Polaris Alpha. "The state is a major hub in our growing company. We are very bullish on Colorado as a location not only to work, but also to provide a great environment for employees and their families to thrive."
"Polaris Alpha plays a crucial and foundational role in Colorado Springs' and our region's defense and technology industries, and the Chamber & EDC is pleased we could help secure this long-term commitment." said Tammy Fields, Chief Economic Development Officer for the Colorado Springs Chamber & EDC. "This announcement further validates Colorado Springs as a technology powerhouse and helps ensure a robust business climate for years to come."
J.J. Ament, CEO of the Metro Denver EDC, added, "We are very proud to have Polaris Alpha expand in both the Metro Denver region and Colorado Springs. Polaris Alpha is taking advantage of our state's greatest assets, our highly educated and skilled workforce."
In both locations, Polaris Alpha will be looking to hire software engineers, systems engineers, space scientists, cloud enterprise architects, machine learning specialists, and other IT professionals. Those applicants with security clearances will be at a distinct advantage since much of the work performed by the company is for agencies within the U.S. Intelligence Community.
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