Infinity Labs Expands Colorado Springs, Colorado, Operations
The company will increase modeling and simulation support for Department of Defense clients, improving national security through innovation and new technologies.
“Infinity Labs is excited to continue our expansion into Colorado. We see tremendous opportunity with the growth of the defense and commercial aerospace industries as well as the high caliber of Colorado employees we are looking to add to the Infinity team,” said Dr. Ken Edge, Infinity Labs Co-Founder and Chief Executive Officer.
The Colorado Economic Development Commission approved up to $691,288 in performance-based Job Growth Incentive Tax Credits for the company over an eight-year period. These incentives are contingent upon Infinity Labs, referred to as Project Verge throughout the OEDIT review process, meeting net new job creation and salary requirements.
"Colorado Springs is getting noticed. Since December of last year, OEDIT has had the pleasure of working with the Colorado Springs Chamber and Economic Development Corporation to announce eight companies that have chosen Colorado Springs for expansion. We are pleased to see Infinity Labs recognize the region’s strengths and choose this thriving city for expansion,” noted OEDIT Executive Director Eve Lieberman. Infinity Labs has also been awarded $131,713 in local incentives from the City of Colorado Springs and El Paso County.
“Colorado Springs is a hub for cutting-edge military technology and strategy which drives our strong aerospace and defense sector and boasts a flourishing tech market, fueled by a highly skilled talent pipeline, a thriving startup ecosystem, and an unmatched entrepreneurial spirit,” added Johnna Reeder Kleymeyer, President & CEO, for Colorado Springs Chamber & EDC. “We are pleased to welcome Infinity Labs into our Region, joining 360-plus tech companies that continue to support critical missions for national and global security.”
Infinity Labs offers advanced modeling, simulation, and analysis capabilities, cyber solutions for both the DoD and commercial industry, and AFSIM consulting and training services.
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