Tag: Economic Development
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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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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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Site selection experts raise a warning flag at Denver economic development event
The Denver Metro Chamber of Commerce hosted a crowd of 500 civic leaders decked out in western wear Thursday, for a look at the new Stockyards Event Center behind the National Western grounds — perfect showcase for Colorado’s many attractions that reach out to corporations wanting to expand. But six experts who spoke to the…
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Aerospace and defense firm expanding operations in Colorado Springs, to add 500 jobs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A veteran-owned aerospace and defense firm headquartered in Colorado Springs is expanding its operations locally, expecting to create around 500 jobs and invest more than $7 million into the community. Company leadership on Thursday afternoon joined Gov. Jared Polis and community and economic leaders in Colorado…
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Colorado approves $2.5M in tax incentives for 3 companies eyeing expansions
The Colorado Economic Development Commission approved more than $2.5 million in total tax incentives on Thursday for three companies looking to expand, or move, into the state. Most of the tax incentives went to an unnamed renewable energy company based in the U.K. looking to set up a headquarters and factory for its North American…
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Advancing workforce-development bills aim to give learners in-demand skills
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado legislators this month advanced two significant pieces of workforce-development legislation — one bill to create regional talent-development plans and grow an existing grant program, and another to create a system to track student success more closely. Both House Bill 1364 and HB 1365 are…
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Colorado approves nearly $2 million for 2 companies considering expanding in El Paso County
The Colorado Economic Development Commission approved $1.9 million of tax incentives on Thursday for two unnamed companies looking to expand in El Paso County and potentially bring 300 jobs to the area. The largest incentive went to “Project Da Vinci,” a Colorado-based manufacturing company servicing the aerospace, medical, industrial and commercial industries. The commission voted…
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Out-of-state business location specialists critique metro Denver
Out-of-state specialists helping companies find good locations in which to relocate or expand spent the past three days combing over the metro Denver area, then presented feedback to a room full of business and government leaders Friday morning. The 18th Annual Metro Denver Site Selection Conference and Consultant Feedback event drew heaps of praise for…
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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…