How do the revised rules in the Bipartisan Budget Act of 2015 affect you and your business?
The rebates are issued through the city of Boulder’s flexible rebate program.
“SolidFire is a fast-growing company that is a key part of our downtown’s high-tech community,´ said city manager Jane S. Brautigam. “We are pleased that SolidFire has chosen to expand and invest in Boulder.”
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SolidFire develops, markets and sells computer storage devices that are built for cloud computing, using a solid-state disk platform.
Founded in June 2010 in Atlanta, the company moved to Boulder in May 2011 with five employees. In the third quarter of 2013, SolidFire received $31 million in venture capital.
The company occupies approximately 14,000 square feet at 1620 Pearl St. and is expanding the space by 10,000 square feet to accommodate expected growth. The flexible rebate will assist with the cost of this expansion, which will enable the company to expand from its current 100 employees to up to 170 employees.
“We are proud to be part of the Boulder community and the rich history of storage- and data-technology talent,´ said Dave Wright, Solid Fire’s founder and chief executive. “As our team continues to grow, there isn’t anywhere else we’d rather be.”
The flexible rebate program uses social, community and environmental sustainability guidelines. Companies choose the guidelines that best fit their circumstances, but must meet minimum requirements in order to receive a rebate.
SolidFire has exceeded the requirements. It has implemented a zero-waste program and participates in the EcoPass program for downtown Boulder companies. SolidFire manages an alternative transportation incentive program, which offers employees a monthly cash allowance of $75 if they commute using alternative transportation.
SolidFire’s application is the third approved 2013 flexible rebate application. The city’s approved 2013 budget includes $350,000 in funding for flexible tax and fee rebates for primary employers.