Rally Software qualifies for tax rebates

BOULDER – The city of Boulder has approved a package of tax rebates for Rally Software Development Corp. that could save the company up to $50,000.

Rally is relocating its corporate headquarters within Boulder to 3333 Walnut St. from its current home at 4001 Discovery Drive. The company is expected to invest more than $1 million to upgrade the building and invest in equipment and furniture, a press release from the city said.

The fast-growing company was founded in Boulder in 2002. It specializes in Agile application lifecycle management for software developers.

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The city manager’s office decided to approve a series of rebates for the company’s sales and use taxes and permit-related fees. The package is part of Boulder’s flexible rebate program.

“We’re very happy about how collaborative the city of Boulder has been in supporting Rally’s interest in keeping its corporate headquarters in Boulder,” Rally Software chief executive Tim Miller said in a press release. “Continuing to grow the company by hiring local talent and continuing our investment in the Boulder community is key to our success.”

Rally Software’s flexible rebate application is one of seven submitted to the city in 2010. One 2010 application is still pending.  The city’s approved 2011 budget includes $350,000 in funding for 2011 flexible tax and fee rebates for primary employers.