Mayor Michael B. Hancock today announced the City has partnered with Colorado Premium Foods to retain and expand the business in Denver’s Elyria-Swansea neighborhood. Denver’s Office of Economic Development is providing up to $100,000 to help the company add hundreds of additional jobs.
Colorado Premium Foods currently employs 185 workers at its Denver meatpacking site and has plans to add up to 300 additional jobs. The OED incentive will help support the growth of 200 positions over three years.
“This is a huge win for the Elyria-Swansea neighborhood and further illustrates our City’s strength in partnering with the private sector to create jobs and encourage investment,” Mayor Hancock said. “We look forward to working with Colorado Premium to provide sustainable wages for more Denver residents.”
Colorado Premium Foods, a Greeley-based company, has operated its Denver facility since 1998. The company serves restaurants and provides specialty products to food stores throughout the United States. The company had previously considered closing its Denver location during a recent consolidation of operations.
“Colorado Premium Foods is proud to stay in Denver and in the Elyria-Swansea neighborhood,” said Ginny Hogan, vice president of human resources and safety. “Our future growth and success is dependent upon our employees, customers and a professional partnership with Denver. We are grateful for the City’s support to help us continue to grow and prosper in Colorado.”
The City’s investment is funded through OED’s Business Incentive Fund. Established in 2005, the fund supports business relocations and expansions resulting in job creation and additional tax revenues.