Local aerospace company expands in Loveland following economic incentive agreement
Opterus R&D, Inc. signed an agreement[JB1] with the City of Loveland this past month to bring about more high-wage jobs and further anchor its operations in Loveland. To facilitate new job growth in the area, the City deployed the use of its small economic incentives (up to $30,000) to fuel this expansion.
As part of the agreement, Opterus has expanded its manufacturing and office space at the Forge Campus in Loveland from 4,000 to over 9,000 square feet. The aerospace manufacturing and design company has also signed a long-term lease at the location in connection with the agreement and is projected to bring 33 high-paying technology jobs to the city in the next five years, a significant addition to its current 17 person staff.