Brighton, COLO. – FMC Technologies, Inc., a global provider of technology solutions for the energy industry, will locate a new sales and service facility for its Completion Services, Fluid Control and Surface Wellhead business units to a 20 acre site in Brighton, Colorado.
The project is an expansion of FMC Technologies' current Colorado operations, with initial staffing at the new facility to include 66 employees. The company plans to further expand operations and add more than 50 jobs over the next five years. The average annual wage for positions in the Brighton facility is significantly higher than the county average wage.
FMC Technologies' $11.9M project will include construction of a 50,000 square foot facility to be located at 1571 County Road 27, just west of Vestas in Brighton, Colorado. This project is located in Weld County in an area known as the Energy Employment Corridor and will join other large area employers, including Baker Hughes, Anadarko and Halliburton. Central Development, LLC of Denver, Colorado will manage the development of the facility.
John Deiss, FMC Technologies’ Property Development Manager stated, "FMC Technologies is pleased to be locating our latest Colorado facility in Brighton. This location is ideally suited to help us meet the growing needs of our customers in the area. The new facility will provide us with a single location that allows three of our businesses to work together more closely to ensure customer success."
In October, the Colorado Economic Development Commission considered and approved FMC Technologies' application for $532,440 in performance-based Job Growth Incentive Tax Credits (JGITC) over a 60 month period. Colorado’s JGITC Program provides state income tax credits to businesses undertaking job creation projects in the state. To qualify for the JGITC program businesses need to create at least 20 new jobs in Colorado, with an average yearly wage of at least 110% of the county average wage rate based on where the business is located. The FMC Technologies project will also be located in a Colorado Enterprise Zone (EZ) and will be eligible for benefits under the EZ Program. All new jobs created must be maintained for at least one year after the positions are hired to qualify for either State Incentive Program.
"The expansion of FMC Technologies and the addition of new high paying jobs is great news for Colorado and for the Brighton community," said Gov. John Hickenlooper. "Companies like FMC continue to recognize the strong industry ecosystem in Colorado and we're delighted they chose to expand here to support even further growth."
Brighton EDC Chair, James Vigesaa commented, “The Brighton EDC has been working with FMC Technologies since late 2012 and these are the kinds of projects we love to bring to Brighton... good paying jobs with benefits;solid capital investment; and attracting a great company like FMC Technologies to join our community. This project will pay dividends for Brighton for years to come.”
In a letter of support for the FMC Technologies project, Brighton Mayor, Dick McLean wrote to the Colorado Economic Development Commission, “The City of Brighton is committed to promoting strong economic development programs in our community and the City Council is committed to providing quality services to our businesses and citizens.”
Brighton EDC, Upstate Colorado, Metro Denver EDC, Colorado’s Office of Economic Development and International Trade and Atlas Insight, LLC guided FMC Technologies through the site selection process.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 19,000 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com .
The Brighton Economic Development Corporation (Brighton EDC) is a 501c(6) non-profit organization representing Brighton’s economic development interests. Brighton Economic Development Corporation is the primary agent for economic development services, offering assistance and support to businesses in Brighton. Brighton EDC works to expand and diversify the local tax base by facilitating the creation of quality job opportunities for all levels of employment. Brighton EDC encourages responsible, diverse growth and development, as well as enhancing the community’s quality of life. Visit www.BrightonEDC.Org
Upstate Colorado Economic Development is a public/private non-profit economic development corporation that provides services to all of Weld County. Our work focuses on supporting primary employers in the retail, service and professional sectors. Our goal is to help these employers bring new equity into the local economy. Upstate Colorado provides service to existing and expanding primary employers, and to those who are considering a Weld County location for their business. Visit www.upstatecolorado.org
The Metro Denver Economic Development Corporation (Metro Denver EDC), an affiliate of the Denver Metro Chamber of Commerce, is the nation’s first and only truly regional economic development entity in which many area economic development groups have joined together to represent, and further, the interests of an entire region. Our partners include 70 cities, counties, and economic development organizations in the seven-county Metro Denver and two-county Northern Colorado region. Visit: www.metrodenver.org
The Colorado Office of Economic Development and International Trade (OEDIT) works with statewide partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor John Hickenlooper, OEDIT strives to advance the state's economy through financial and technical assistance in support of local and regional economic development activities throughout Colorado. Visit www.advancecolorado.com
Atlas Insight, LLC is a global provider of site selection, credit and incentive consulting, and economic development consulting services. Visit www.atlasinsight.com