Denver is booming and startups are taking notice. In fact, Denver is on the list of top cities in the entire United States for flourishing startups and job availability. Recently, Denver won the battle against Salt Lake City and Austin for the U.S. city that would become the new home for San Francisco startup company ZenPayroll. Why do so many cities fight to become the home for startups and businesses in general? The answer is because they bring jobs and wealth creation to the local economy.
ZenPayroll will officially be expanding to Denver and will be receiving $19 million in tax incentives from the state of Colorado for creating over 100 full-time jobs, and 1,000 more in the next few years.
Zen Payroll CEO Joshua Reeves says that it is the second largest growth-growth tax credit ever approved by Colorado’s state board, as mentioned in Fortune Magazine.
Denver movers are excited to see what this will mean for those who are looking to move to Denver; hopefully it will help new residents secure a job.
In fact, Reeves said that his company is attracted to the fact that so many millennials are moving to Denver each year, and they want to employ the “kindred spirit mindset” that is much similar to that of San Francisco.
Zen Payroll is backed by $86.1 million in venture funding and has over 20,000 businesses as customers.