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Downtown Colorado Springs with Prospect Lake in the foreground and Garden of the Gods in the background. The announcement by Infinity Labs is just the latest in a series of job creation announcements in the Springs. Metal Strip Roll
Downtown Colorado Springs with Prospect Lake in the foreground and Garden of the Gods in the background. The announcement by Infinity Labs is just the latest in a series of job creation announcements in the Springs.
Infinity Labs, a technology research and development firm focused on modeling, simulation and cybersecurity, plans to bring more than 60 new jobs to Colorado Springs, nearly doubling the size of the company’s workforce.
Based in Dayton, Ohio, Infinity Labs will offer positions in software development and analysis at an average wage of $130,253.17 a year, the Colorado Springs Chamber & EDC announced Wednesday.
The announcement follows news last month of Colorado Springs-based Boecore’s plans to bring more than 600 jobs to the region and invest nearly $8 million to remodel and expand its facilities; that was the latest in a series of economic development and job creation announcements in Colorado Springs during the past 10 months. Companies from Microchip to Entegris intend to bring over 2,000 jobs to the area and invest billions of dollars in the region.
“Infinity Labs is excited to continue our expansion into Colorado,” Ken Edge, Infinity Labs co-founder and CEO, said in a news release. “We see tremendous opportunity with the growth of the defense and commercial aerospace industries as well as the high caliber of Colorado employees we are looking to add to the Infinity team.”
Infinity Labs, which focuses on assessing weapons systems’ vulnerability, among other specialties, was established July 2020, said Jason Molnar, the company’s chief strategy officer. Molnar is one of Infinity Labs’ six co-founders and leadership team members.
In the beginning, Molnar said some people saw the company’s number of co-founders as a recipe for trouble, but he said it has been an strength for Infinity Labs.
“We were all remote really for the first year and started winning work within the first four months including a $900 million contract,” Molnar said. “That’s what really propelled us from startup to established.”
Infinity Labs employs over 60 workers across 13 states.
Infinity Labs intends to start filling positions during the next several months, Molnar said, and eventually will need to lease space locally.
Infinity Labs has its eye on Catalyst Campus, a hub of work space where small businesses, startups and private enterprise can meet and collaborate with each other, military personnel and government agencies.
In July, the Colorado Office of Economic Development and International Trade approved $691,288 in performance-based Job Growth Incentive Tax Credits for Infinity Labs over an eight-year period. The incentives are contingent upon Infinity Labs, referred to as Project Verge throughout the Office of Economic Development review process, meeting net new job creation and salary requirements.
Infinity Labs, which considered Albuquerque and Fort Walton Beach, Fla., for its expansion, chose Colorado Springs because of the region’s talent opportunities, the cost of doing business and the proximity to Department of Defense contractors thanks to the city’s business and military ecosystem.
Colorado Springs’ retainment of U.S. Space Command made Infinity Labs’ expansion to the city an easy decision, Molnar said.
“Colorado is an epicenter for aerospace and defense industries and fundamentally imperative to our national security,” Molnar said in the release. “Infinity Labs recognizes the strategic importance of the Centennial State and welcomes the opportunity to grow and flourish in the shadow of the Rockies.”
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