Tag: tax credits
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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…
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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 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 Springs offers thousands in tax credits for semiconductor manufacturer’s expansion
The City Council approved a $177,500 financial incentive request this week for an unidentified semiconductor manufacturing and design company that is considering expanding in Colorado Springs and adding 70 jobs over four years. The council voted unanimously to approve a resolution at its regular meeting on Monday, authorizing a four-year economic development agreement between Colorado…
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Palmer High School receives $5 million for air conditioning upgrades
As major renovations are underway for Colorado Springs’ oldest high school, a state tax credit will help modernize its heating and cooling system. Through Colorado’s Geothermal Energy Tax Credit Offering, the Colorado Energy Office announced $7.3 million in awards for projects throughout the state. The largest individual recipient of this funding, Palmer High will receive $5…
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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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GM backtracks on plan to claim last-minute EV tax credits
General Motors is scrapping a program aimed at allowing its dealers to continue offering a $7,500 tax credit for several months on electric-vehicle leases following the September 30 expiration of the federal subsidy, the company said on Wednesday. Toward the end of last month, GM devised a plan to have its in-house lending arm initiate…
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State OKs millions in incentives to semiconductor maker for Colorado Springs plant upgrades
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A semiconductor manufacturer seeking to expand and modernize its Colorado Springs plant would be eligible for a $3.68 million cash award from the state under a financial incentive for the company approved Thursday by the Colorado Economic Development Commission. The company, whose identity was kept…