The economic foundation of Douglas County got a little thicker as TriZetto opened the doors to its new world headquarters April 2, bringing 800 employees with them to the Meridian International Business Center.
The 16-year-old health-care IT firm has already added 150 local jobs since it broke ground on the four-story, 168,000-square-foot building just under a year ago.
“We’re growing fast and should be close to 1,100 strong by the end of the year,” said CEO Trace Devanny. “The fact that we’ve outgrown the facility already is a good problem to have.”
The company, which had just 380 employees working in Colorado when Devanny started in 2010, expects to lease more space in the office park to house an additional 200 employees by year’s end. Devanny said it could create as many as 400 additional local jobs over the next four years, possibly prompting the company to break ground on another building across the street from its new offices on Maroon Circle.
TriZetto was formerly headquartered in Newport Beach, Calif., and as it started to move some of its operations to Colorado in 2007, it opened numerous offices in Greenwood Village, all of which are consolidating under the new roof in Meridian.
The company reaches more than 21,000 physician practices and has 3,600 employees with offices across the globe. The new Douglas County base is expected to bring up to $250 million of capital investment into the state over the next five years, as well as $70 million in annual worker pay, a lot of which will undoubtedly be reinvested into Colorado’s economy.
Colorado competed against Missouri, New Jersey and Arizona for the company, and Devanny said Colorado’s pro-business atmosphere made all the difference.
“This is not just a strong addition to Douglas County and to metropolitan Denver, but it really is to Colorado,” Gov. John Hickenlooper said at the ribbon-cutting event. “Each success leads to another. It’s companies like TriZetto that are building foundations for other companies and other growth.”
Hickenlooper added that 10,800 payroll jobs were added in Colorado in February alone, helping cut the state’s unemployment rate to close to 7 percent.
“Douglas County, in less than a year, has 6,300 new jobs,” County Commissioner Jill Repella said after the ribbon-cutting. “We are creating a very, very fertile business environment in Douglas County, and we’ve got more coming.”
Repella attributes some of Douglas’ success to the ability of “the unrecognized heroes” of the county’s building division staff who help get businesses such as TriZetto into their locations on schedule with timely permitting and inspections.
“We want businesses to be able to open their doors fast so they can get in and do business.” she said. “That’s what we do to help lay that economic foundation.”
Other new businesses coming into the county soon include Visa, with 406 new jobs, and Children’s Hospital, with 300 employees, both in Highlands Ranch, and Redwood Trust, which is bringing 550 new local jobs, in Lone Tree.