City Council Minutes 2007 02 06 - Laserfiche WebLink

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City Council Meeting Minutes February 6, 2007 Page 13 of 18 Mayor Sisk requested a Staff presentation. Becky Hogan, EDge Consulting 56 Steele Street, Denver, CO presented a Business Assistance Agreement with Global Healthcare Exchange. The company is considering a lease of approximately 80,000 square feet of existing office space at 1315 West CE~ntury Drive in Centennial Valley. The purpose of the relocation is to expand thleir current operations and establish a worldwide corporate office presence. GHX meets the general criteria to locate in Louisville, as outlined by City Council. They will be occupying existing space, they will be bringing primary jobs, and setup a worldwide presence in the City of Louisville. She introduced Mr. Chris Petersen, Chief Counsel for GHX. Mr. Petersen thanked Council for considering the business assistance agreement. He explained GIHX is a Software and Service Company for health care, which helps hospitals and suppliers reduce costs and increase margins. They are an exchange between health care suppliers and health care providers. They use automated E-Comnnerce in their exchange services to reduce health care costs. The company does $14 Billon dollars in transaction volumes every month, which represents 30% of the market. They hope to expand their transaction volumes over the next four years to 75% of the market. They will make their corporate headquarters in the City of Louisville. The building tenant finish and landscaping will be renovated to represent its worldwide presence. The company currently employs 200 people locally and 500 worldwide. He noted GHX will bring revenue to the City, as well as frequent Louisville restaurants, shop in Louisville, and use the Recreation Center and the Coal Creek Golf Course. He stated GHX will be a community partner. Mayor Sisk asked Mr. Peterslen to explain GHX's motivation for relocating to Louisville. Mr. Petersen stated GHX wanted to relocate its offices along the US 36 Corridor and was looking not only for a municipality which would offer incentives, but for a City in wlhich they could be part of the community. He stated they feel Louisville is that City. Mayor Sisk stated the City vallues GHX and their decision to locate their business in Louisville. He stressed the importance of Global Healthcare Exchange making their global headquarters in tlhe City of Louisville. Council member Muckle askE~d if GHX is leasing the facility. Mr. Petersen confirmed they are leasing 80,000 S.F. Council member Muckle asked what GHX's market share is in Colorado and in the west. Mr. Petersen stated they have a large market share in Colorado and in the west.