Genapsys selects Colorado for manufacturing and expansion, brings new jobs
The expanded operations are expected to create approximately 230 new jobs. These jobs will primarily be chemists and biologists, engineers and administrative workers with an average annual wage of $111,369.
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. ■