Canfield Bikes is latest to relocate to Colorado’s Grand Valley

By Steve Frothingham

Company received $120,000 in incentives to move to Fruita. It also announced several new hires.

DENVER (BRAIN) — Canfield Bikes plans to relocate to Fruita, Colorado, from Bellingham, Washington. The 20-year-old company will join DT Swiss, Rocky Mounts, and MRP in Colorado’s Grand Valley.

The company received an incentive of $60,000 from the Colorado Office of Economic Development & International Trade for the creation of 20 net new jobs, paying 111% of the Mesa County average annual wage. Additionally, the Grand Junction Economic Partnership provided matching funds of $62,500 in support of the project. Colorado competed with Idaho and Utah for the headquarters.

“The Western Slope offers great access to year-long mountain biking and from a logistics standpoint will provide a central location making it easier than ever to expedite shipping to our customers around the country,” said Lance Canfield, the brand’s owner and designer.

“Fruita and the surrounding Grand Valley has a passionate bike community that is a great fit for our company culture and will provide a like-minded talent pool as our team continues to grow. OEDIT’s Strategic Fund Incentive along with GJEP’s match made this a great choice for a small outdoor business with an aggressive growth strategy …read more

Via:: Bicycle Retailer and Industry News