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 Economic Development News 
Thursday, August 29 2019
Paragon Processing, the Largest Operating Hemp Processing Facility in the US, Now Open for Business

Launches Large-Scale Turnkey Services to Propel Industrial Hemp Growth

Colorado City, CO -- Paragon Processing, a state-of-the-art facility offering total seed-to-shelf solutions for industrial-scale hemp processing, manufacturing and storage, as well as private- and white-label goods, is pleased to announce it is now open for business. The high-security facility, stationed on a 38-acre property, is located 140 miles south of Denver.

At a staggering 250,000 square feet, it is the largest hemp processing facility currently operating in the U.S. It can store up to 50 million pounds of hemp biomass, and hosts 13 dock-high loading positions, along with housing Superior Flow-branded proprietary processing equipment.

Paragon Processing offers full-scale processing for up to one million pounds of hemp biomass per month, with a target to expand to 2 million pounds with the arrival of the upcoming 2019 fall harvest season, which runs from September through November.

Posted by: AT 10:27 am   |  Permalink   |  Email
Tuesday, August 14 2018

Denver, CO — VF Corporation, one of the world’s largest apparel, footwear and accessories companies and owner of outdoor brands including The North Face®, JanSport® and Smartwool®, is moving its global headquarters to Denver.

“We are thrilled to welcome a new partner that embodies the values that define Colorado,” said Colorado Governor John Hickenlooper. “VF’s move underscores the critical driver that the outdoor recreation industry plays in our economy where business meets lifestyle.”

VF Corporation becomes the latest Fortune 250 to call Colorado home.

Posted by: AT 10:17 am   |  Permalink   |  Email
Thursday, October 12 2017

Washington, D.C. — U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $30 million to support 35 projects in 15 states under the 2017 Assistance to Coal Communities (ACC 2017) initiative. The funding will assist locally-driven efforts to communities and regions severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development and re-employment opportunities.
“From his first days in office, President Trump ended the Federal government’s assault on the coal industry and the communities who rely on it,” said Secretary of Commerce Wilbur Ross. “The previous administration fought this war through unilateral executive actions and regulatory edicts, and the casualties were American workers and families.”

Posted by: AT 08:53 am   |  Permalink   |  Email
Tuesday, September 26 2017

Local companies are growing fast, raising money, creating jobs
Denver, CO — Starting fast out of the gate for Denver Startup Week, the Denver Office of Economic Development (OED) and the Blackstone Entrepreneurs Network Colorado (BEN Colorado) announced their annual additions to the roster of “Denver Gazelles,” the city’s list of the rapidly growing firms here with both proven success and excellent potential in raising money and creating jobs.
The 2017 class, all technology companies, are CyberGRX, Evolve Vacation Rental Network, GoSpotCheck, PaySimple, and SynchHR.
“We’re proud to partner with Blackstone Entrepreneurs Network to celebrate the immense talent of our startup community,” said Eric Hiraga, OED executive director. “Denver’s culture of innovation and entrepreneurship continues to grow, thanks to firms like our Denver Gazelles that are experiencing rapid growth while creating jobs and shaping a stronger community.”

Posted by: AT 08:32 am   |  Permalink   |  Email
Friday, April 22 2016

Xcel Energy has recognized Enabled Energy, Inc. as a top Energy Efficiency Partner for 2016

Denver, CO -- Xcel Energy has named Enabled Energy, Inc. its 2016 Trade Partner of the Year for Data Center Programs. The award was presented at Xcel Energy's annual Energy Efficiency Partner event to recognize top-performing commercial trade partners based on energy savings projects completed.

Enabled Energy led its field by qualifying the highest number of companies for rebates, representing extensive energy cost savings for its clients. Xcel Energy reviews commercial projects by total rebate dollars paid, kWh and Decatherm savings by program. Enabled Energy principals Joe Staib and Jon deRidder accepted the award on behalf of the company.

Posted by: AT 10:28 am   |  Permalink   |  Email
Monday, April 04 2016
Gov. Hickenlooper, industry stakeholders, to highlight Colorado as wind power leader

Wind industry set to release annual report at Denver press conference

Denver, CO -- Members of the press are invited to attend an exclusive live press conference release of the American Wind Energy Association’s (AWEA) 2015 U.S. Wind Industry Annual Market Report, which will show the U.S. wind energy industry supporting more jobs than ever.

Colorado’s leadership in expanding wind power has enabled the state to attract thousands of quality jobs while cutting costs on electricity bills and creating clean air.

Posted by: AT 03:51 pm   |  Permalink   |  Email
Thursday, February 11 2016

Affordable housing units, business recruitment and new jobs among wins in Denver Office of Economic Development’s 2015 Annual Report

Denver, CO -- A year of strong gains in Denver’s economic infrastructure included the creation of 4,164 new jobs, the successful retention of 3,076 jobs, and the creation of 628 affordable housing units, all accomplished through direct efforts of the Denver Office of Economic Development (OED), the office announced in releasing its 2015 annual report.

“Denver’s hard-working employers, employees and entrepreneurs enjoyed a year of recording-breaking progress on many economic fronts,” Mayor Michael B. Hancock said. “Their tenacity, coupled with the city’s efforts to sustain and grow a next-generation economy built on Denver’s traditional strengths, has simultaneously attracted new ventures, new industries, and thousands of new residents.”

The city’s various incentive, tax credit, loan, and training assistance programs helped 89 firms expand in Denver, resulting in more than $304 million of capital investments in the city. Also highlighted in the report, the OED’s initiatives are building opportunities for Denver firms to expand in exciting international markets—like Denver Beer Company, now selling in Japan after assistance from the city.

Posted by: AT 05:27 pm   |  Permalink   |  Email
Tuesday, September 29 2015

Final judging event prize includes $30,000 cash and consulting resources

Denver, CO -- Guerrilla Gravity was named the grand prize winner of the Denver Office of Economic Development’s JumpStart BizPlan Awards at a judging event. Presented by Deloitte and U.S. Bank, the awards program features a $30,000 cash award and consulting resources to assist the firm with its future growth.
“Denver has become a mecca for innovation, where the next generation of startups are growing and reaching new heights here each and every day,” said Denver Mayor Michael B. Hancock. “We’re proud to celebrate the best and brightest business ideas emerging out of Denver, and to shine a spotlight on the importance of our small business community.”
Guerrilla Gravity is a rider-focused mountain bike manufacturing company dedicated to fabricating bikes in Denver. The company was founded on the basis that things could, and should, be done differently. Gurrilla Gravity’s differentiating core aspects include its design philosophy, sales model, and dedication to Colorado-based manufacturing. 

Posted by: AT 11:10 am   |  Permalink   |  Email
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