The Grand Junction Daily Sentinel: Target incentives where they’re needed
On the heels of the announcement that VF Corp. is moving its corporate headquarters to Denver, The Denver Post ran an editorial stating that Colorado “should take its foot off the economic development accelerator.”
Oh, how nice it must be to sit in the lap of largesse on the Front Range, dismissing the significance of yet another Fortune 500 company choosing Colorado as its new home.
A little background: Earlier this month, VF Corp., the parent company of outdoor brands like The North Face and Smartwool, announced that it will bring to Denver its corporate headquarters, along with 800 jobs at an average annual salary of around $147,000.
The state of Colorado incentivized the company’s move from North Carolina with up to $27 million in job growth incentive tax credits. These are tax credits the company may receive after it has created a new job in the state at or above the average county wage and kept it in place for at least one year. Read more at The Grand Junction Daily Sentinel.
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