Cable TV Startup Layer3 TV Moving To Denver
DENVER (AP) – Layer3 TV, a startup that bills itself as a “next generation cable company,” announced Wednesday that it will open its headquarters in Denver after winning $2.9 million in state job creation tax credits.
The company was founded in Boston last year by Jeff Binder and Dave Fellows and other cable industry veterans. It plans to open its new headquarters in Denver early this summer and eventually employ about 300 people, paying an average salary of $92,000.
“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,” Binder said in a statement.
The Denver Post reported that the company was attracted to Colorado because of its deep roots in the television business, including satellite TV provider Dish Network and cable provider Liberty Media. The company’s executive team includes former employees of AT&T Broadband, Time Warner Cable and Comcast, the newspaper said.
Layer3 says it will combine live television with social, digital and the Internet.
Besides the job tax credits, the company will also benefit from business personal property tax credits and technical assistance from Denver to help the move.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)