FOR IMMEDIATE RELEASE (May 1, 2017 | Grand Junction, CO) – The Grand Junction Economic Partnership (GJEP) is pleased to welcome the latest company to join Colorado’s Rural Jump-Start Tax Credit program in Mesa County. Adaptive Towers, approved last month by the Colorado Economic Development Council, will immediately begin work on a new manufacturing facility in Grand Junction and expects to hire upward 13 new employees in Mesa County before year-end.
“We are very pleased to be accepted and approved for the Colorado Rural Jump-Start program,” said Tracy Harmer, President & CTO, Adaptive Towers. “We are excited to bring our new division to the Grand Junction area and thank all those that have helped us achieve this major step.”
Adaptive Towers, a new division of Adaptive Communications LLC, will manufacture self-standing, self-supporting, rapid-deployment communications towers that provide Internet and cellular connections in remote, underserved areas. The patent-pending towers require no in-ground foundation and can be assembled onsite in under three hours, minimizing engineering and construction costs.
“The applications for these towers are near-endless,” said Kristi Pollard, GJEP Executive Director. “Think of military bases, emergency response operations, oil rigs or any companies working in remote locations with minimal infrastructure to support traditional communications towers. Adaptive Towers will provide a much-needed service to these organizations and we foresee large growth potential. We are excited to have the company join our growing family of Jump-Start businesses that are revolutionizing how and where we do business from the heart of Colorado’s Grand Valley.”
Adaptive Towers is the eighth company to be accepted into the Jump-Start program in Mesa County. The statewide tax credit program allows businesses to operate virtually tax-free for up to eight years, provided they add at least five net new jobs to the local economy and form a partnership with Colorado Mesa University.
With the inclusion of Adaptive Towers, Jump-Start Mesa County is projected to add over 600 jobs and $25 million in new, annual salaries to Mesa County, Colo., by the end of 2020.
For more information about Adaptive Towers and parent company Adaptive Communications, visit www.adaptive-towers.com or www.adaptive-internet.com.
For more information about the Rural Jump-Start Tax Credit Program, visit www.jumpstartmesaco.com.