Saturday, November 16, 2013

Colorado delegation pitches California companies on expanding in state Read more: Colorado delegation pitches California companies on expanding in state

The giant CA sucking sound continues.

The delegation also held a breakfast for Silicon Valley venture capitalists, who are an important source of funding in the state.

"People are paying attention to the entrepreneurial community in Colorado," said Kristin Russell, the state's chief information officer and a former Oracle executive.

Colorado has landed its share of technology-company expansions over the decades — including such giants as IBM and Hewlett-Packard — and seen homegrown stars such as JD Edwards and StorageTek swallowed up by larger California rivals.

Russell said there is a growing realization that if California does well, then Colorado will do well, too. That is one reason why the "Colorado Loves California" campaign has shifted its tone from an implied message of escaping the Golden State to one of mutually beneficial cooperation.
As companies do better, they realize they can maximize their profits by expanding outside the state.

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