Vertafore is Heading to Denver and Not Everybody is Okay With This
Agency software provider Vertafore announced that it’s moving its headquarters from the Seattle-area to Denver come August, where some 400 employees will be busy developing, marketing, selling and administrating new initiatives as the company looks to operate “Centers of Excellence”. ‘Skilled workforce’ is Vertafore’s excuse for moving and that’s one side of the story. “They said they wanted to see what talent they could get in Denver but in reality they wanted to hire fresh so they can pay less for new hires” is another side of the story. And then there’s the truth. The company received incentives from the city and the state for its relocation. Think: a $350,000 cash incentive program for the creation of 500 net new full-time jobs at a minimum of $64,480, and an employment incentive grant package of $350,000, which includes an estimated $100,000 in business personal property tax credit.
PS. Looks like Vertafore’s newish CEO has some catching up to do.