As preparations continue for the impending move to the Rocky Mountain Center for Innovation and Technology (RMCIT), Epic River approached the Loveland City Council with a mutually beneficial incentive deal to assist with the company’s transition to the larger facility. During the December 17 meeting, Marci Erion, City of Loveland Business Specialist, presented the Incentive Agreement Request and indicated that Epic River had signed a Letter of Intent for a five-year lease with Cumberland and Western Resources, the owners of the former Hewlett-Packard/Agilent campus.
Scott Mead, Epic River’s Managing Partner, indicated three factors that drives the company’s growth. Process innovation, industry expertise of over 150 years of experience in the software development industry, and market research that ultimately turns a project into a product. This product creation can spawn additional companies for Loveland, and Mr. Mead cited two such recent projects that did just that.
Council Member Joan Shaffer said, “I think given the kinds of collaborations that you
The Council continued to briefly discuss the plan specifics before voting in favor of the proposed incentives, solidifying the move and ultimately making Epic River the second RMCIT tenant.
Mayor Cecil Gutierrez later said, “Assisting young companies like Epic River is important to the economic vitality of Loveland. This was an opportunity to help a local company grow now and in the future.”
Epic River is planning an office build out over the next few months and will relocate its office headquarters in spring 2014.
Scott Mead, Epic River’s Senior Partner, highlights the company’s three factors for growth at the December City Council meeting.