Centennial State News

In a Dec. 16 press release, Gov. Jared Polis announced that Zivaro would expand in Colorado Springs.

“As the aerospace industry in Colorado continues to boom, we are thrilled cutting-edge companies like Zivaro have chosen to expand here, creating more than 300 new jobs. Colorado is a great place to live, work and do business which is evident as we continue to support business expansion in our state. I look forward to Zivaro’s future growth here and to all that is on the horizon in Colorado’s aerospace industry," Polis said. 

Zivaro is an information technology company that serves government and national defense partners. It will locate in Colorado Springs, where the company’s new business unit will focus on modernizing legacy systems that serve space and command control programs operated by and on behalf of the U.S. government.

“Zivaro is a mission-centered company, and we firmly believe in the U.S. government’s vision to modernize the technology and code that supports today’s missions protecting our country. In our view, there is no better place to support these mission domains and capture some of the nation’s top talent than Colorado Springs,” said Greg Byles, Zivaro’s CEO and co-founder. “Members of our leadership team also come from Colorado Springs and spent significant time in the military around space and command and control missions in particular. In many ways, this expansion feels like a homecoming and there is no other place we would rather be as we expand.”

Zivaro is the first company to benefit from a Colorado Springs Deal Closing Fund recently announced by the City of Colorado Springs and the Colorado Springs Chamber & EDC to build on the metro area’s high rate of economic recovery and growth. 

The fund is a public-private-partnership to incentivize the creation of new, high-paying jobs and capital investment through investment by new and expanding primary employers in Colorado Springs. The company is anticipating City of Colorado Springs incentives as well.

The Colorado Economic Development Commission approved up to $8,650,396 in performance-based Job Growth Incentive Tax Credits over an eight-year period and $57,500 in a performance-based Strategic Fund LONE Worker incentive over a five-year period, at $2,500 per net new job. These incentives are contingent upon Zivaro, referred to as Project Dinosaur throughout the OEDIT review process, meeting net new job creation and salary requirements.