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Two grants for economic development focusing on technology companies on the local level were approved by the Denton City Council.
One grant was for $106,000 to TeamofDefenders and the other was in the amount of $243,500 to From the Future, according to the City of Denton News.
“We are appreciative of the City of Denton’s interest and support towards our continued growth here locally,” Mark Cieri, CEO and co-founder of TeamOfDefenders, said. “Anchoring our headquarters in Denton permits us to attract highly skilled talent and engage the creative Denton community, which will continue to shape our innovative real-estate tech and digital transformation solutions.”
Both companies are expected to add 150 high-wage or knowledge-based jobs in Denton over the next 10 years.
“We are excited and proud to see two local tech companies focused on keeping their businesses in Denton,” Director of Economic Development Jessica Rogers said. “In the 21st century, many tech companies can locate anywhere, but these companies chose to start and, more importantly, grow their businesses in Denton. This is not an accident, but instead is the outcome of many strategic thinkers and economic development initiatives to invest in the rapidly growing Denton tech scene.”
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