DENVER -- Tech startup Layer3 TV, which is launching a "next generation cable company," will move its headquarters from Boston to Denver, company and public officials announced Wednesday.
The company plans to create 312 job paying an average of $92,083 a year. It says it plans to open its headquarters in LoDo early in the summer.
“With an energy of entrepreneurialism and ingenuity pulsating through the city, the addition of Layer3 TV to Denver is proof of how we are becoming the startup and small business capital of the country,” Mayor Michael Hancock said. “Pair this with the city’s legacy as the ‘birthplace’ of cable television and we are positive this is the perfect home for Layer3 to reside."
“Layer3 TV is excited to open our corporate headquarters in Denver and to become part of the thriving Colorado eco-system of innovators in both telecommunications and entertainment,” Layer3 TV co-founder and CEO Jeff Binder said. “We look forward to benefiting from the tremendous talent pool here and becoming a contributor to the Colorado economy.”
Layer3 TV was founded last year by veteran cable-industry entrepreneurs. Earlier this spring it announced it had raised $21 million initial financing. Layer3 TV says it "will incorporate the most advanced technologies -- combining live TV with social, digital and the Internet -- to bring the living room into the 21st century."
"Layer3 TV's decision to move its headquarters to LoDo is the latest in a growing trend of innovative start-ups that have chosen Colorado as the best place to expand their business,” Gov. John Hickenlooper said. “Our entrepreneurial and highly educated workforce and innovative business climate entices exciting companies like Layer3 TV to move here. We know that Layer3 TV will find great success here, and we welcome them to Colorado."
As part of the move, Layer3 TV was awarded $2.9 million in tax credits by the city as well as workforce development and technical assistance to support the relocation.
Layer3 TV has already started hiring and job postings can be viewed at its website.