Tag: aerospace
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Colorado at risk of being eclipsed by other aerospace hubs, reports warn
The aerospace and defense industry has remained a consistent bright star as Colorado’s slowing economy struggles with remaining competitive. Yet the state could get outshone if it doesn’t take action soon. At least, that’s what major business organizations are warning state leaders. The Colorado Chamber Foundation and the Colorado State Coalition have both released reports…
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Colorado Springs’ Auria showcases BORG training software meant to defend American space interests
Auria, a major space and defense company headquartered in Colorado Springs, showcased a flagship tool it has developed to keep satellite operators well trained. The tool fills a gap identified by a congressional committee as critical as the U.S. contends with increased competition and possible threats from China. Space is a critical part of daily…
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Colorado approves millions in tax breaks to more aerospace and defense companies
Aerospace and defense companies continue to be one of the largest industries hoping to win big economic incentives from Colorado. The Colorado Economic Development Commission approved more than $14.5 million in job growth incentives tax credits last week, with nearly all of it going toward military and space companies. The largest tax package went to…
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Colorado approves millions in tax breaks to more aerospace and defense companies
Aerospace and defense companies continue to be one of the largest industries hoping to win big economic incentives from Colorado. The Colorado Economic Development Commission approved more than $14.5 million in job growth incentives tax credits last week, with nearly all of it going toward military and space companies. The largest tax package went to…
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Colorado approves millions in tax breaks to more aerospace and defense companies
Aerospace and defense companies continue to be one of the largest industries hoping to win big economic incentives from Colorado. The Colorado Economic Development Commission approved more than $14.5 million in job growth incentives tax credits on Thursday, with nearly all of it going toward military and space companies. The largest tax package went to…
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Space startup in Colorado working its own Project Hail Mary to save NASA telescope
On the edge of the main road connecting Denver to Boulder, a space startup’s manufacturing facility in Broomfield has been racing against the clock for a once-in-a-lifetime mission. In a span of eight months, Katalyst Space Technologies has taken a napkin sketch of a concept and built a robotic spacecraft called Link to save the…
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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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Mars Sample Return mission in jeopardy, Lockheed Martin thinks it can still be done
When it landed on Mars in 2021, the Perseverance rover set out to collect roughly 30 samples of soil from the red planet. The grand space strategy at the time would see the samples retrieved by another spacecraft and brought back to earth later. Originally meant to be an autonomous retrieval, led by local aerospace…
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Ohio-based aerospace company SelectTech taps El Paso County for expansion
By Breeanna Jent and Alexander Edwards The Gazette Ohio-based aerospace company SelectTech Services Corporation is expanding to Colorado Springs. Company leadership, Gov. Jared Polis and local business and economic development officials announced the expansion on Wednesday afternoon during the 41st Space Symposium held at The Broadmoor. SelectTech is a mission-driven company that supports the U.S.…