We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Established in 2007, Berken makes thermovoltaic technology, which involves generating electricity with semiconductor devices that capture heat. The company manufactures its technology near Carson City, Nev.
The company is leasing 9,800 square feet at 2400 Midpoint Drive. Its lease runs through February 2016.
Berken has 10 employees nationwide, but CEO Ken Newman said he believes the company will hire at least 50 additional employees this year. Positions would include scientists, engineers and technicians.
The company’s capital comes from investors, grants and debt financing. It plans to ship its first units in the second quarter.
Berken chose Fort Collins for its proximity to CSU, quality of life and outdoor opportunities, Newman said.
“At the end of the day, it was Fort Collins that worked best for the team,” he said. “We were looking for a city that had the total package.”
The Northern Colorado Economic Development Corp. helped recruit the company to Fort Collins, he added.
Business Report writer Molly Armbrister contributed to this report.