Colorado awards airplane maker $2M in incentives for expansion
Rob Griffith / AP
The Colorado Economic Development Commission on Thursday approved $2.15 million in job growth tax incentives to an airplane manufacturer.
The company, dubbed as “Project Airplane,” is looking to build a new seat production and customer experience center, according to the EDC. It’s considering expanding in Colorado or Florida.
The EDC described the unnamed company — to protect confidentiality in the competitive process between states to attract businesses — as a manufacturer within the aerospace industry with 3,000 employees that has gotten tax incentives from Colorado before.
It’s likely the company is Pilatus Aircraft, a Swiss airplane maker with a facility in Broomfield.
Pilatus has more than 3,000 employees worldwide, according to its website. And the company’s Vice President and Chief Financial Officer Richard Janser was in attendance via video conference at the EDC meeting Thursday.
The company is considering factors such as location, talent, costs and access to the supply chain, according to the EDC.
The tax incentives will span over eight years and the expansion is expected to create 191 jobs including craft workers, operatives, administrative support and sales with an average wage of $85,000.
The airplane maker received another job growth tax incentive from the state that closed in December 2023 and overperformed on the jobs it promised, according to the EDC. The company added about 70 more jobs than it originally reported in its employment plan.
The EDC also approved giving a semiconductor manufacturer a refund on its tax credits under the CHIPS Refundable Tax Credit designed to incentivize more semiconductor companies to expand in Colorado.
The company under the name “Project Boron” is seeking to expand and modernize its Colorado Springs facility, according to the EDC.
Project Boron’s description matches Colorado Springs-based InnovaFlex Foundry and a company that received $2.8 million in job growth tax credits in 2023.
The company calculates it will earn $9.9 million eligible credits for refund from its expansion, which is set to increase production of its products used by the Department of Defense and medical, aerospace, consumer and automotive companies.
The state approved $4.6 million in refund credits.




