Colorado outcompetes California & Massachusetts for new location
DENVER - Colorado continues to emerge as a bioscience hub. Genapsys, a life science company, has announced plans to open a second location in Westminster bringing approximately 240 new jobs to Colorado.
Genapsys is focused on unlocking universal access to genomic information by delivering a highly accurate, scalable and affordable genomic sequencing ecosystem that empowers both academic and clinical research applications.
“Colorado is a fast-growing bioscience hub so we are thrilled to have Genapsys join our thriving state and help create good-paying jobs as we move Colorado forward. Our state is attracting businesses, investments and creating jobs because we are the best place in the country to live, work and thrive,” said Governor Jared Polis.
The expanded operations are expected to create approximately 240 new jobs, 15 of which are anticipated to be remote jobs for workers from rural Colorado communities through the Location Neutral Employment Incentive (LONE) worker program. These jobs will primarily be chemists and biologists, engineers and administrative workers with an average annual wage of $111,369.
“The expansion of our Colorado efforts marks an exciting milestone for Genapsys’ rapid growth,” remarked Genapsys CEO and ArcherDx founder Jason Myers. “The Denver market has emerged as a life sciences and biotech hub, offering an excellent opportunity for B2B collaboration. In addition, the local talent from universities, favorable taxes and incentives will allow us to quickly scale consumable manufacturing and increase our R&D efforts.”
Genapsys applied for and received a Job Growth Incentive Tax Credit and a LONE Strategic Fund incentive for the creation of these new jobs. This incentive will be paid out over an eight-year period as the new jobs come online.
Colorado competed with California and Massachusetts for the new location. To find out more about Genapsys and see a complete list of jobs currently available, visit their website.
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.
About Genapsys
Genapsys is focused on the advancement of universal access to genomic information by delivering an affordable, scalable, and accurate genomic sequencing ecosystem that empowers both academic and clinical research applications. Its system leverages a proprietary electrical microfluidic sequencing chip with a scalable number of detectors, allowing for a wide range of applications. Genapsys is headquartered in Redwood City, CA. Learn more at www.genapsys.com.