DENVER – Hours after the federal September jobs report showed a dip in the nation’s unemployment rate, Colorado Gov. John Hickenlooper announced that a high-tech company plans to create 500 jobs over the next five years with the opening of a new business hub in Douglas County.
Hitachi Data Systems, a major electronics company, will expand its Denver operations as it opens a 53,000 square foot space in the Meridian Corporate Center, the company confirmed Friday morning at the Denver Botanic Gardens.
The economic development win for the state comes about a year after Arrow Electronics, a Fortune 140 company, announced its own relocation to Colorado, something Hickenlooper and Arrow CEO Michael Long hoped would draw other electronics companies, which make parts used by Arrow, to the state.
“A strong innovative ecosystem is key to Colorado’s continued success,” Hickenlooper said Friday. “HDS recognized our state’s highly-educated workforce and rich talent pool in selecting Colorado. Companies like Hitachi Data Systems that are expanding in Colorado will help us attract even more investments, spur production and jobs in other industries, and improve our state’s overall economy.”
Hitachi, which will about 200 jobs by year’s end, will begin construction on its upgraded facility this month, and employees will move into the new facility in spring 2013. The current employees located at the existing HDS office in downtown Denver will be relocated to the new site.
“This expansion is very important to Hitachi Data Systems” said Randy DeMont, HDS’ Executive Vice President and General Manager. “We have experienced significant growth over the last several years and are excited to bring that to the Colorado community. In selecting the new location for our Colorado office, we weighed many critical factors and found the Denver area to best match our business goals and values. We look forward to the expansion and becoming a valued contributor to our shared community.”