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Doing Business in the US The Colorado Option

Doing Business in the US The Colorado Option. A unique model A non-profit, independent, self-funding organization Inbound & Outbound strategy Affordable “on the ground” ally Dedicated to a relationship-based partnership . What is CORA?. No other state has as much in common

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Doing Business in the US The Colorado Option

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  1. Doing Business in the US The Colorado Option

  2. A unique model • A non-profit, independent, self-funding organization • Inbound & Outbound strategy • Affordable “on the ground” ally • Dedicated to a relationship-based partnership What is CORA?

  3. No other state has as much in common • The 3rd state in science and technology assets • National as well as state resources • Team dedicated to your success • Ease of doing business • Low taxes and a fair regulatory environment • Quality of life Why should Colorado be an option for you?

  4. Competitive with the “coasts” in science & technology • Denver ranked 1st for entrepreneurs among 30 largest cities • Fort Collins and Colorado Springs ranked in top 5 cities to live in the US • #1 state recipient of national research funds How does Colorado compare nationally?

  5. The Colorado Economy Bioscience 18,000 jobs Major companies IT & Software50,000 jobs5,050 companies HP, IBM, Agilent, Ball Aerospace, First Data, Avaya, CH2MHILL, XCEL, Lockheed Martin, Coorstek, Level3 Communications, Vestas, Abound Solar Aerospace2nd ranked state

  6. IT Industry • Software publishing & services, hardware (storage, device peripherals), semiconductors, data processing/hosting, internet service providers, computer system design • 5th state for software employment concentration • 50,000 employees, 5,050 companies which are majority privately owned • 450 hardware companies with 19,000 employees • Concentration of technology professionals & innovation • ability to attract and retain high-quality productive IT professionals • higher education: average of 1,000 students graduate with a IT based degree per year • Strong entrepreneurial atmosphere • 3rd state in creation of new companies per capita • 4th state in venture capital investment • Direct access to a large and growing customer base • large technology companies with regional operations in CO (IBM, Sun/Oracle, Microsoft, HP) • more than 100 major IT operations for large corporations (Level3, Qwest, CH2MHILL, Charles Swab, First Bank, Nordstrom, Oppenheimer, …) • 800 companies that employ more than 250 workers

  7. Bioscience • Biotechnology, pharmaceutical, medical devices and instruments, environmental & agricultural • 7th state for employment concentration in medical devices and 16th for biotechnology/pharma • Fitzsimons Park: technology park and incubator • when complete, a $4.3 billion project • a world-class scientific community offering cutting-edge spaces, services & support to more than 30,000 bioscience professionals • Over 500 companies & 18,000 employees • 50% medical devices, 42% bio & pharmaceutical, 8% industrial, environmental, agricultural • 75% are home grown companies, 25% are in-migration • 20 to 30 new companies per year • Strengths of the industry in Colorado • large industry anchors (Amgen, Baxa, Roche, Gambro, Medtronic, Valleylab) • availability of capital from local investors and a 5-year $26,5M bioscience & life science Fund providing grants to start-up companies • strong science pipeline • tax incentives: sales tax exemptions for manufacturing equipment in clean room operations

  8. Build on new collaborations • Economic Development • Research • Business • Academic • Capitalize on Colorado being one of the easiest states to establish a new business What can CORA do for you?

  9. Membership • Costs of service to partners • What can you expect? Becoming a CORA Partner

  10. CORA Partners

  11. Licensing • Setting up a business • Identifying business partners • We understand the importance of relationships • Our staff • How to get started? Interested in doing business in the US? Bring your skis!

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