Mesa County ends the year with another Jump-Start milestone. As reported in The Daily Sentinel today, Fruita-based Sky Peak Technologies was just approved for the Rural Jump-Start Tax Credit Program. Sky Peak marks the 7th company to be approved for Jump-Start in Mesa County this year – and the 25th company overall.
Sky Peak Technologies has developed a proprietary software to reduce mobile data consumption and costs for Mobile Operators. The company earned statewide recognition earlier this year as a winner of the Greater Colorado Pitch Series during West Slope Startup Week. With this incentive program, the startup plans to open a new office in Fruita and hire at least five new software developers. Their primary source for new talent will be through a collaboration with Colorado Mesa University’s computer science program.
Joining Sky Peak in the Jump-Start program this year are Eco Super Structures, Hayden Data, Acom Unlimited, Valkyrie Recovery Systems, Lyttle’s Fleet and SCOR’D.
The Jump-Start program originated in Mesa County in 2015, spearheaded by Colorado Mesa University (CMU), local business leaders and economic development partners. Through Jump-Start, companies receive 100% tax credit on income and sales taxes for four years, with opportunity to extend for another four years. As of this year, participants are also eligible for special cash grants. In exchange, the businesses will add a minimum of five net new jobs to the county in high-paying, highly skilled fields. They also form a partnership with CMU through mentorship, internship opportunities and community involvement.