3-D cast and splint maker ActivArmor, a local startup founded by Diana Hall, announced plans to hire 23 workers and eventually move into an 8,000-square-foot section for the former Qual-Med building in Downtown.
The jobs will pay an average of $62,000 in wages and benefits, Pueblo Economic Development Corp. leaders said at the announcement at the Business and Technology Center at Third and Main streets.
To assist with the expansion, Pueblo City Council on Monday night was expected to award the company a $250,000 jobs incentive grant from the city’s half-cent sales tax fund for economic development.
The grant also fulfills the matching funds ActivArmor needed for a $250,000 state grant it was recently awarded to aid with its expansion. The company also has raised a similar amount of funding from private investors, Hall said.
The types of jobs will include computer-aided-design drafters and other support workers. They’re needed as ActivArmor moves into expanding and marketing its products to medical offices inside and outside of Colorado.
The company plans to relocated to its new workspace by year’s end. It currently works out of office space at the Business and Technology Center at Third and Main streets.
Author
PEDCO Team : The people of Pueblo came together in 1981 and formed PEDCO. Business people, large and small, and individuals dug into their pockets to find money to support PEDCO and its economic development efforts. They also gave of their time, available at a moment’s notice to talk to interested companies.
In 1984, Pueblo’s citizens voted to tax themselves to support economic development. The citizens continue to keep that half-cent sales tax in place. PEDCO uses the money for economic development incentives, funding certain capital projects and equipment purchases for new and expanding businesses.
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March 12, 2018 – ActivArmor™ Announcement
March 12, 2018 – ActivArmor™ Announcement
3-D cast and splint maker ActivArmor, a local startup founded by Diana Hall, announced plans to hire 23 workers and eventually move into an 8,000-square-foot section for the former Qual-Med building in Downtown.
The jobs will pay an average of $62,000 in wages and benefits, Pueblo Economic Development Corp. leaders said at the announcement at the Business and Technology Center at Third and Main streets.
To assist with the expansion, Pueblo City Council on Monday night was expected to award the company a $250,000 jobs incentive grant from the city’s half-cent sales tax fund for economic development.
The grant also fulfills the matching funds ActivArmor needed for a $250,000 state grant it was recently awarded to aid with its expansion. The company also has raised a similar amount of funding from private investors, Hall said.
The types of jobs will include computer-aided-design drafters and other support workers. They’re needed as ActivArmor moves into expanding and marketing its products to medical offices inside and outside of Colorado.
The company plans to relocated to its new workspace by year’s end. It currently works out of office space at the Business and Technology Center at Third and Main streets.
Author
PEDCO Team : The people of Pueblo came together in 1981 and formed PEDCO. Business people, large and small, and individuals dug into their pockets to find money to support PEDCO and its economic development efforts. They also gave of their time, available at a moment’s notice to talk to interested companies. In 1984, Pueblo’s citizens voted to tax themselves to support economic development. The citizens continue to keep that half-cent sales tax in place. PEDCO uses the money for economic development incentives, funding certain capital projects and equipment purchases for new and expanding businesses.
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