DENVER (CBS4)– Marine jet manufacturer NAMJet will be relocating its manufacturing and operational headquarters to Denver, bringing dozens of new jobs to the area.
The NAMJet expansion brings an estimated 63 new jobs to Denver. The firm will make an estimated capital investment of $4 million at its 50,000-square foot leased site at 4959 Kingston St. in northeast Denver.
“Denver is growing as a manufacturing hub for high-growth industries, and we’re proud to welcome NAMJet as our newest employer to the region,” said Denver Mayor Michael B. Hancock. “Our strong labor force, global connectivity and supportive business landscape provide a strong foundation for firms like NAMJet to thrive into the future.”
The Denver Office of Economic Development (OED) has pledged incentives to support the NAMJet relocation. The city’s Business Incentive Fund will reimburse corporate relocation and start-up expenses. Additionally, the city’s Business Investment Program will provide business personal property tax credits. OED has also offered workforce development and technical assistance to support the relocation.
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