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Governor will welcome VF Corporation to Colorado Wednesday morning

Posted at 7:38 AM, Aug 29, 2018
and last updated 2018-08-29 09:38:03-04

DENVER — Gov. John Hickenlooper will host a welcoming ceremony for the latest Fortune 250 company to move to Colorado Wednesday morning.

In mid-August, VF Corporation announced its plan to move its headquarters to Denver in 2019. The announcement was two-fold: Along with the move, the company is also splitting in two. The denim side of the business will stay in Greensboro, North Carolina.  

VF Corporation is the parent company of popular brands like The North Face, Vans, JanSport, Timberland, SmartWool and Eagle Creek, among others.

The Office for Economic Development offered $27 million in tax incentives over an eight-year period in order to bring the company to the state.

VF Corporation will bring 800 high-paying jobs to Colorado with average salaries of more than $185,700. About 85 of those jobs will be executive positions in the company.

The welcome ceremony is scheduled at The North Face climbing wall in the new Montbello Open Space Park, which is VF Corporation’s first major investment in the community since the announcement. It is a 5,000-acre open space that will serve more than 40,000 low to moderate-income kids in the community. This open space is the first project in the brand’s Walls Are Meant For Climbing campaign. The park features a walking trail, boulder wall, climbing ropes and logs, garden and more. 

VF Corporation has committed itself to matching every dollar it receives from the state with a donation to charitable interests in Colorado.

The company’s move is just the latest in a push by the state to bring more outdoor retail businesses to Colorado.