(COLORADO SPRINGS) — On Thursday, July 31, Governor Jared Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that a leader in IT has selected Colorado Springs for expansion.

Infinity Technology Services (ITS), LLC, is an emerging leader in IT engineering, cybersecurity, and technology solutions for the aerospace and defense sectors, according to the Governor’s Office. ITS is a minority-owned, certified Service-Disabled Veteran-Owned Small Business with extensive experience in cybersecurity, full-scale enterprise IT, systems engineering, space systems, and associated ground systems. The company is currently headquartered in Colorado Springs.

“There are 500 good new jobs coming to Colorado Springs. Colorado is home to more than 2,000 aerospace companies that support our state’s thriving aerospace industry and thousands of jobs around the state, while also hosting half our nation’s Space Force. By expanding in Colorado Springs, ITS will build on services that support our defense while creating 500 new, good-paying jobs,” said Governor Polis.

The Governor’s Office said the new jobs will have an average annual wage of $130,482, with positions in network/infrastructure engineers, software engineers, cyber systems analysts, systems administrators, and computer systems technicians. The expansion comes with a capital investment of $7,050,000.

“Colorado and Colorado Springs are aligned with ITS in our vision of attracting top talent to the region for the aerospace, defense, and technology sectors. Additionally, they are committed alongside us in developing and sustaining a comprehensive environment that will support us and companies like ours as we continue to push capability boundaries and innovate as valued members of the defense industrial base. We are excited about our decision to scale our operations and workforce here in Colorado Springs, further deepening our roots in a city that aligns perfectly with our mission, culture, and vision for the future,” said Hassan Campbell, President & CEO of ITS, LLC.

The Colorado Economic Development Commission approved up to $4,901,635 in a performance-based Job Growth Incentive Tax Credit for the new company over an eight-year period.