Tag: Colorado Economic Development Commission
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Colorado EDC grants $13.3M in incentives to 4 companies
The Colorado Economic Development Commission on Thursday approved a total of up to roughly $13.3 million in job growth tax incentives for four companies considering expanding in the state. Commissioners approved up to $1.73 million in performance-based job growth tax incentive credits over a period of eight years to a manufacturer that produces custom parts,…
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Colorado awards $26M in tax incentives to keep aerospace company in state
A technology company in the aerospace and defense industry is looking to expand and could bring 1,250 jobs to Colorado if it chooses to continue growing in the state. The Colorado Economic Development Commission approved $26 million in job growth incentive tax credits on Thursday for an unnamed company called “Project Hera.” (The commission often…
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Colorado approves millions in incentives for semiconductor manufacturer’s expansion
A service provider in the semiconductor industry, which operates a packaging facility in Colorado Springs, has been approved for millions in tax incentives from the state if it expands its U.S. operations in Colorado. At its regular meeting on Thursday, the Colorado Economic Development Commission approved more than $1.1 million in performance-based job growth tax…
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Aerospace, renewables dominate Colorado’s incentivized job growth as 2 companies awarded $1.6M
Two companies are looking to expand or open operations in Colorado. The Colorado Economic Development Commission approved more than $1.6 million in strategic fund job growth incentives Thursday for the two companies — one in the aerospace industry and the other in renewables. Aerospace and renewables were two of the largest job creators from the state’s…
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Colorado’s economy sees steady gains across the board, midyear report finds
Halfway through 2024, Colorado’s economy remains resilient in some areas while exceeding expectations in others, new data finds. The University of Colorado Boulder released its midyear economic update Thursday which found slight increases in the state’s growth domestic product (GDP), employment and overall population. “Based on both the quantitative and qualitative information we have received…
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Denmark wind turbine company eyes Colorado for factory
A Denmark-based company selling parts for wind turbines is considering building a factory in northern Colorado. The Colorado Economic Development Commission on Thursday approved $3.3 million in tax incentives over eight years for an unnamed Danish company called “Project Saffron.” The company supplying materials and parts for wind turbine blades wants to build a manufacturing…
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Horror media company Blumhouse will curate exhibit at Estes Park’s Stanley Film Center
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The Stanley Hotel, serving as the inspiration for Stephen King’s “The Shining” on its perch above Estes Park, will soon be accompanied by an over 10,000-square-foot exhibit dedicated to horror curated by horror film production company Blumhouse. Gov. Jared Polis and the Colorado Office of Film, Television and Media announced Friday that Blumhouse, often regarded as…
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Colorado looks to attract wind turbine company near Pueblo
Company could create more than 2,300 jobs
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Amprius Technologies, Inc. to create gigawatt-scale factory in Brighton
Amprius Technologies, Inc. (NYSE:AMPX), signed a letter of intent for a 775,000 square-foot lithium-ion battery production facility in Brighton, according to a Monday news release. The company plans to create a gigawatt scale factory to support lithium-ion battery production which will benefit the U.S. electric mobility market, according to the release by Gov. Jared Polis…
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Metro Moves: Tech innovator opens headquarters in Denver
Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. HEADQUARTERS The Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced a tech innovator chose Denver for its…