A small Boulder cybersecurity firm looking at a major expansion that could bring nearly 500 jobs to Boulder County received approval for $2.42 million in state tax incentives.
A small Boulder cybersecurity firm looking at a major expansion that could bring nearly 500 jobs to Boulder County received approval for $2.42 million in state tax incentives on Thursday morning.
To help retain the company, the Colorado Economic Development Commission approved $2.42 million in job growth incentive tax credits to Project Disco, the code name given to RADICL. In return, the company, which currently has eight employees, agreed to create up to 491 net new jobs over the next eight years at an average annual wage of $126,812, which is 147% of the average annual wage in Boulder County.
“I spent a lot of time in Florida in my past life and we were seriously considering moving our headquarters down there,” RADICL COO David Graff told the commission.
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