VF Corporation, the parent company of The North Face, JanSport and Smartwool plans to move its headquarters to Denver, bringing 800 jobs with it.
The company announced its plans on Monday. The first wave of 85 VF executives are expected to move to Denver next spring. VF is currently based in Greensboro, N.C. Following the arrival of its top executives next spring, the company expects the leaders of its five subsidiaries to arrive in Denver over the rest of 2019 and into 2020, though it could take longer to hit the projected 800 positions.
The jobs come with an average annual wage of $185,721.That is nearly triple the average wage offered in Denver today and is the highest figure a company that has applied for state economic development incentives has brought to the table.
“We are thrilled to welcome a new partner that embodies the values that define Colorado,” said Gov. John Hickenlooper. “VF’s move underscores the critical driver that the outdoor recreation industry plays in our economy where business meets lifestyle.”
Read more about the move here.