Tag: Tax Credits
-
Democrats want to decouple Colorado from federal tax breaks
Democratic members of Colorado’s House and Senate on Tuesday announced the introduction of a slew of bills that would reduce corporate tax deductions and sever Colorado’s tax regime from recent federal changes to the tax code. The federal tax changes provide hundreds of millions dollars in tax breaks. Since Colorado conforms to the federal tax…
-
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…
-
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…
-
SheFly, made for women on the trails, tabs Gunnison for headquarters
A woman-owned and operated outdoor clothing retailer, SheFly, has picked Gunnison for its headquarters and plans to create up to 24 jobs in coming years, the Colorado Office of Economic Development and International Trade said Wednesday. The company’s name refers to its flagship product, a trademarked zipper design created for women’s pants. There’s a regular…
-
Bioscience company announces Westminster expansion
Genapsys, a Silicon Valley-based bioscience company, will expand into Westminster and plans to hire up to 250 employees for its new location, officials said Wednesday. Genapsys develops technology that it says will pave the way for universal access to genomic information and make more advanced DNA studies easier for both academic and clinical researchers, company…
-
State office approves more than $13 million in economic incentives
The Colorado Office of Economic Development and International Trade’s Economic Development Commission on Thursday approved more than $13 million in economic incentives to entice four companies to either locate, or expand, in the state. The biggest incentive, $8.85 million in jobs growth state tax incentives, went to a corporate travel management company that’s looking to…
-
Fast-growing clean energy tech company to expand Denver headquarters
Crusoe Energy Systems plans to expand its Denver headquarters by up to 286 jobs in coming years, the company announced Tuesday. Founded in 2018 by two Kent Denver graduates, Crusoe “pioneered a cost-effective way to capture flaring and environmentally harmful emissions associated with oil and gas extraction, and convert those byproducts into electricity,” according to…
-
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.…
-
Denver lands another headquarters: Strive Health stays put
—
by
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Tech health startup Strive Health will expand its headquarters in Denver and add up to 250 more jobs in coming years, the company announced Tuesday. Even though it was looking at locations in Michigan and Utah, CEO Chris Riopelle said Colorado’s “life extending circumstances” like…
-
New VR training company sinks U.S. HQ in FoCo
—
by
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Just two weeks after Colorado offered them job tax credits, Square Comp announced it’s locating its U.S. headquarters in Fort Collins and creating more than 50 jobs. The early-stage Indian technology company develops virtual reality training for manufacturing companies. Fort Collins beat out the other…