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 EDC approves incentives to bring new fabrication facility to El Paso County
A mechanical contracting and systems engineering company is considering opening a new fabrication facility in Monument, north of Colorado Springs. The Colorado Economic Development Commission approved up to $453,000 in Strategic Fund incentives to the unnamed company labeled as “Project Cobalt” on Thursday. The EDC often does not disclose company names to protect confidentiality throughout…
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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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Olympic museum struggles to meet projected attendance, grapples with falling revenues 5 years on
Facebook Twitter WhatsApp SMS Email Print Copy article link Save As officials at the U.S. Olympic & Paralympic Museum in downtown Colorado Springs prepare for the gleaming facility’s fifth anniversary on Wednesday, they grapple with attendance figures that haven’t nearly measured up to original projections and revenues that have fallen year-over-year. Officials said they’re working…
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Colorado approves nearly $400k in incentives for companies’ expansion, relocation to El Paso County
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Colorado Economic Development Commission on Thursday approved about $397,000 in tax incentives to help entice two companies looking to expand in or relocate to El Paso County and create more than 50 new jobs, most of them high-paying. An anonymous software-as-a-service company that developed…
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Colorado approves nearly $400k in incentives for companies’ expansion, relocation to El Paso County
The Colorado Economic Development Commission on Thursday approved about $397,000 in tax incentives to help entice two companies looking to expand in or relocate to El Paso County and create more than 50 new jobs, most of them high-paying. An anonymous software-as-a-service company that developed a collaborative AI platform to deliver personalized experiences through a…
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Major Olympic sport eyeing Colorado Springs for new training, wellness hub
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The national governing body for an unnamed major Olympic sport overseeing six disciplines is considering building a large-scale Training and Wellness Center in Colorado Springs, envisioned to be the “heart and hub” of the sport in the United States. On Thursday, the Colorado Economic Development…
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Major Olympic sport eyeing Colorado Springs for new training, wellness hub
The unnamed Olympic governing body could bring dozens of jobs to the city.
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Midyear report: Colorado’s economy sees steady gains across the board
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…