Colorado: New Aerospace Company Launches in Fremont County with Support from the Rural Jump-Start Program

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FREMONT COUNTY ~ FREMONT COUNTY - In a press release today, Governor Jared Polis and the Business Funding and Incentives (BF&I) division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Narravity, Inc., an aerospace research and technology company, will be expanding its operations in Fremont County with support from the Rural Jump-Start program.

The expansion of Narravity's operations in Fremont County will include assembly, integration, and testing services for both national and international customers. This move is expected to create new good-paying jobs and strengthen the local economy.

Governor Polis expressed his excitement about welcoming Narravity to Fremont County, stating that "Rural Jump-Start helps businesses and creates new good-paying jobs, and strengthens local economies across the state." He also highlighted Colorado's leadership in aerospace innovation and how this new business will contribute to the growth of the thriving aerospace industry in the state.

Narravity is known for its development of microgravity laboratory infrastructure for commercial research and product development in low Earth orbit. Its platform is designed to support industries such as advanced materials, manufacturing, and biotechnology by creating repeatable, accessible laboratory environments in space.

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Kei Shimada, CEO of Narravity, expressed his honor at joining Colorado's Rural Jump-Start Program and establishing a foundation for their work in Fremont County. He explained that their microgravity platform will accelerate experiments in space, making it easier, more affordable, and more frequent for companies to test materials, manufacturing processes, and new technologies.

In addition to providing research and development services to its customers, Narravity will also offer data analysis services. These include experiment integration and interface definition, payload AIT (assembly integration testing) execution, integration support during spacecraft-level integration and mission commissioning, as well as data products delivery to customers.

The Rural Jump-Start program aims to encourage economic development and job creation in economically distressed, rural counties of Colorado. It provides funding to support regional economic and workforce development activities that seek to expand local businesses, create new good-paying jobs, and strengthen and diversify local economies.

As part of the program, Narravity will receive $15,000 in grant funding to support the launch of its operations and four years of tax benefits. Eligible employees will also receive a state personal income tax credit while the company is in the program.

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Eve Lieberman, Executive Director of OEDIT, emphasized the importance of supporting Narravity's growth in Fremont County. She stated that this move will help strengthen Colorado's strong aerospace ecosystem, which is home to over 2,000 aerospace and defense companies. Lieberman also highlighted how the Rural Jump-Start program continues to be a vital tool in supporting regional economic diversification and creating new jobs across the state.

Fremont Economic Development Corporation (FEDC) played a crucial role in identifying Narravity as a potential candidate for the Rural Jump-Start program. FEDC works closely with businesses in their community to ensure their success in the program and within the community.

Rob Brown, Executive Director of FEDC, expressed his excitement about this development for Fremont County. He stated that "The Rural Jump-Start program allows us to support Narravity's growth here," bringing good-paying jobs and positioning their community as part of cutting-edge work in microgravity research and space-based innovation.

For more information about the Rural Jump-Start program, interested parties can contact Quina Weber-Shirk at quina.webershirk@state.co.us.

The Colorado Office of Economic Development and International Trade (OEDIT) works towards empowering all individuals to thrive in Colorado's economy. In collaboration with economic development partners across the state, OEDIT provides funding programs, training, consulting services, and informational resources across industries and regions. Their goal is to promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and supporting entrepreneurs at every stage of growth.

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