Today in New West news: California bioscience company relocating to Denver, Utah Business’ Green Business Awards, and the Haynes Foundation endows Montana State University.
According to the Denver Business Journal, citing information from the Colorado Office of Economic Development and International Trade, a Sunnyvale, CA-based bioscience firm has announced they’re relocating to Denver, bringing with them a new headquarters and approximately 130 jobs:
Viveve Medical Inc. (Nasdaq: VIVE) manufactures non-surgical devices for treatment of vaginal conditions. It is finalizing a lease and expects to relocate from Sunnyvale, California, in early 2017, said Rebecca Gillis, OEDIT global business development manager.
The decision by Viveve — formerly PLC Systems Inc. — to relocate was aided by a $2.2 million economic-development incentive package it received in late September from the Colorado Economic Development Commission.
The decision was disclosed during the same EDC meeting in which commissioners learned of two other big job wins and offered a combined $9.4 million to two other companies to consider significant growth in the metro Denver area.
“We have these projects working. We see examples of this working,” said EDC Chairman J.J. Ament of the job-growth incentive tax credit, which awards per-employee tax breaks to companies only after they have filled each position for at least one year. “And as of yet, it hasn’t cost the state a dollar because these are all performance-based incentives.”
EDC members also learned that Velocity Global, a locally headquartered international payroll service firm, has decided to take incentives to expand here rather than grow overseas and will create as many as 193 new jobs in the area over the next eight years.
Company officials told the EDC that they could have moved to a more international market, but they decided to expand in Colorado because of the talent pool and $1.9 million incentives.
Gillis also confirmed for the EDC that Charter Communications has chosen to build a $31 million facility and chosen to add some 920 jobs there. The company officially made that announcement on Oct. 4.
Over in Utah, we previously reported Utah Business would be presenting their annual Green Business Awards in Salt Lake City, in a reception in the Grand American Hotel October 20. Being that it’s October 21, the awards have officially been announced, according to Utah Business:
“We think it’s important to highlight those leading the way in environmental sustainability, because sometimes the environmental challenges we face as a community seem insurmountable, especially considering complicated issues like air quality,” said Utah Business Publisher Donnie Welch. “For individuals, the changes we make in our lives can feel so small as to be meaningless, but when we have an employer that is spearheading company-wide efforts, we can see how those little steps can add up to a giant stride forward.”
The event, sponsored by Rocky Mountain Power and Stoel Rives, along with Digital Bytes Production & Design, the Summit Group Communications and Web Audio Visual, and emceed by KSL News Radio’s Ethan Millard, recognized 16 companies that have made efforts to be more sustainable, recycle more, reduce waste, or all of the above.
Among the companies and institutions honored include the University of Utah College of Architecture and Planning, Swire Coca-Cola, Mark Miller Subaru, and Boeing. For the full list of recipients, check out Utah Business’ October magazine.
Finally, up in Montana, we reported that Bozeman’s Montana State University had reached its fundraising goal two years early, raking in over $300 million. Now, MSU has received some more good news. According to the Bozeman Daily Chronicle, the Haynes Foundation has announced a $4 million endowment for scholarships for undergraduates from Montana high schools:
The Haynes Foundation charity was founded by Jack Ellis Haynes and Isabel May Haynes in 1958 to provide scholarships to deserving Montana students.
The Haynes owned and operated the Haynes Picture Shop in Yellowstone National Park, which was a continuation of a photo shop originally started by Jack Haynes’ father, Frank J. Haynes, in 1884. The shop sold photographs, post cards, guidebooks and souvenirs of Yellowstone National Park.
The foundation said the endowment demonstrates its more than 50-year commitment to promoting higher education in Montana and helping prepare MSU students for a lifetime of success.
“Montana and Yellowstone National Park were an integral part of the Haynes family history,” said Chris Murray, president and CEO of the MSU Alumni Foundation.
“The endowment will benefit students for many generations to come and continue to ensure that the goals of the Haynes Foundation will continue to be fulfilled in perpetuity,” he said.