Tag: Economic Development Incentives
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Colorado EDC seeks to lure remote company considering going back to office in Denver
A primarily remote company based in California is looking to transition to an office model and is looking to Denver for its in-person presence. The Colorado Economic Development Commission approved more than $2.1 million in job growth tax incentives to an unnamed company labeled as “Project Sweet Summit” on Thursday. The EDC often does not…
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Battery cell company gets big economic development incentives package from Colorado, but Illinois offers a lot more
Five companies were awarded incentives. One could earn about $9.5 million from the state.
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Sports betting company looking to create 800 jobs in Denver
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s Economic Development Commission on Thursday approved more than $15 million worth of incentives to three companies looking to locate operations here, including a sports betting app and an aerospace company. Part of the Office of Economic Development and International Trade, the commission voted to…
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Pepsi finalizes deal to build plant near Denver International Airport
PepsiCo Beverages North America announced Wednesday that it finalized a deal to buy 152 acres of land south of Denver International Airport, where it will build a 1.2 million-square-foot manufacturing facility. Denver agreed to give PepsiCo $1 million from its Business Incentive Fund to build the plant, which will be the soda company’s largest manufacturing facility…
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Northglenn lands Prost Brewing headquarters
Northglenn and Adams County economic development officials said “prost” Tuesday after Denver-based Prost Brewing Co. announced it would move its headquarters to Northglenn and build a German-style biergarten at 104th Avenue and I-25, similar to its biergarten in Highlands Ranch. Prost means “cheers” in German. The 10-year-old brewery was looking to possibly move its headquarters…
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Colorado tries luring Australian green energy company
Colorado’s Economic Development Commission on Thursday approved almost $9.4 million in incentives to try to lure four companies to the state, including an Australian “green energy” company. The companies could create nearly 1,100 local jobs, officials said. The biggest package would go to a company that the state is calling “Project Chamomile,” which it described as…
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Agriculture company chooses Denver for headquarters
Agriculture company Greenfield Holdings announced Thursday it would locate its new headquarters in Denver, creating up to 20 jobs, according to a news release. The company “is on a growth trajectory and is developing a world-class asset base that will help facilitate the growing international demand for grain and other U.S. agricultural products,” the release…
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Vertical takeoff plane company landing in Colorado Springs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save PteroDynamics Inc. signed a contract for industrial space in Colorado Springs for a research and development facility to build its vertical takeoff and landing aircraft, an agreement that came a day after the state approved an economic incentives package this month, the company CEO said.…
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Incentives offered to companies to operate in Colorado
Colorado’s Office of Economic Development and International Trade opened the state’s wallet again Thursday in an effort to entice three companies to either locate or expand here. OEDIT commissioners approved up to $5.9 million in Job Growth Incentive Tax Credits (JGITC) to those companies, who could bring up to 374 net new jobs to Colorado.…