What began as a one-man show about five years ago has blossomed to nine full-time employees with more on the way. Thanks in part to the Town of …
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What began as a one-man show about five years ago has blossomed
to nine full-time employees with more on the way. Thanks in part to
the Town of Castle Rock's $5 million economic development
performance fund, Innovative Business Solutions will expand in
Mike Trede founded Innovative Business Solutions, and was joined
by Jed Kenzy in August 2010. The two men have since worked to grow
the company exponentially, with revenue more than doubling from
2010 to 2011.
"Today's economic challenges call for innovative solutions for
the Town of Castle Rock and our business community," said Castle
Rock Mayor Paul Donahue. "The economic development fund is a
solution that was created for the purpose of attracting and keeping
businesses like IBS, and the jobs they provide, in Castle
Innovative Business Solutions designs, deploys and manages
communication networks for businesses with a variety of
communication needs. The company specializes in high-speed
internet, T1 services, VOIP, Ethernet, fiber optics as well as
local and long-distance telephone services. Learn more at
"Mike created a solid organizational structure and focuses on
improving business operations while I focus on growing our sales
base," said Kenzy.
Innovative Business Solutions had been renting space in downtown
Castle Rock, but needed more space to accommodate its growing
workforce. While both Trede and Kenzy wanted to stay in Castle
Rock, they were tempted to take advantage of sites outside of town
that had a lower purchase point. That's when the Castle Rock
Economic Development Council stepped in. The Town and Castle Rock
EDC worked together to offer an incentive package that helped make
it possible for Innovative Business Solutions to purchase space at
Spiral Pointe in downtown Castle Rock.
"We are excited to remain in Castle Rock, close to all the
amenities of our growing downtown and close to our homes," Kenzy
said. "We want to build roots in this community."
The incentive package will include reimbursements for new jobs
created as well as a 50 percent rebate on its building permit to
finish the interior of the space at Spiral Pointe. The Town and EDC
chose to provide an incentive to keep the company here because
Innovative Business Solutions is a target industry (high tech) and
offers high-paying job opportunities for residents.
"Innovative Business Solutions is exactly the type of company we
want to encourage and cultivate in Castle Rock," said Frank Gray,
president and CEO of Castle Rock EDC. "Keeping our high-performing
companies in Castle Rock is our highest priority."
Castle Rock's unique $5 million performance fund provides
additional tools for Castle Rock brokers to encourage businesses to
consider Castle Rock for its operations.
"Having interfaced with many different municipalities along the
Front Range doing commercial real estate deals I can unequivocally
say that the Town of Castle Rock is one of the most pro-active,
business-friendly towns in Colorado," said Matt Call, principal of
NavPoint Real Estate Group. "The EDC and Town staffs were
instrumental in facilitating an incentive plan that motivated IBS
to stay and grow in Castle Rock and purchase an office space at
Spiral Pointe. It is a pleasure to work with the Town of Castle
Rock. They definitely make it easier to get deals done."
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