Denver-based tech company NextWorld decided to stay in Colorado and build a headquarters in Greenwood village after state incentives sweetened the pot.

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NextWorld plans to hire up to 306 more employees, with high-paying salaries, and will receive up to $4 million in job-growth incentive tax credits from Colorado’s Office of Economic Development and International Trade.

“NextWorld was founded in Colorado, has grown with Colorado and, with this new commitment, we are poised to play a major role in Colorado’s future,” CEO Kylee McVaney said in a news release.

McVaney’s father, Ed McVaney, founder and chairman of the board, started the company in 2016 with Axel Allgeier, chief product officer, and Vito Solimene, chief technical officer.

It specializes in enterprise resource planning software, used for processes in a business like supply chain, financial, manufacturing and others.

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The company has outgrown its current headquarters on Tufts Avenue in the Denver Tech Center and was looking at Texas and Florida as possible new locations.

But OEDIT ponied up $2.5 million in job creation tax credits and $295,000 per year for five years from the new Strategic Fund LONE incentives, which states remote employees from Colorado’s rural counties qualify as long as the company headquarters remain in Greenwood Village.

“Nurturing high-growth Colorado companies like NextWorld is an imperative for our economic recovery and success,” J.J. Ament, president of the Metro Denver Economic Development Corporation, said in a statement.

“Quality employers have choices of where they grow and maintain quality jobs. For companies like NextWorld, we lead with our investments in people, place, and the future.”

The jobs will pay $148,960, which is equivalent to 212% of Arapahoe County’s average annual wage, according to OEDIT.

They will include positions for application development, software engineering, product management and administration.

“Of the 306 net new full-time jobs created, the company anticipates it may hire as many as 59 location neutral employees to work remotely from Colorado’s LONE eligible counties over the next five years,” according to OEDIT.

The two main reasons for the incentives included retaining a “rapidly growing technology startup in Colorado” and “potential for significant follow on investments in the future.”

“This is an exciting chapter for NextWorld and it is especially meaningful that it will be written in the original market that nurtured a bold vision into a dynamic business solution.” McVaney said in a statement.