Tag: economic development
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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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Colorado Springs works to establish its own CHIPS Zone
Colorado Springs is seeking permission from the state to establish new zones within city boundaries that will further support advanced manufacturing companies in town and strengthen efforts to grow the sector locally. City Council voted unanimously at its regular meeting on Monday to approve a proposal establishing the Colorado Springs CHIPS Zone. It was approved…
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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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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 grants $5.4M in incentives to aerospace and defense companies eyeing El Paso County
The Colorado Economic Development Commission on Wednesday authorized about $5.4 million in incentives for two companies considering doing business in El Paso County, including one that expects to create 500 local jobs. Both companies will support state economic goals by creating jobs in the aerospace and defense sector, Mike Landes, the senior manager of business…
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New utilities agreement to bring crucial infrastructure to Peak Innovation Park
An electric transmission framework that can support up to 600 megawatts of capacity is among new utilities infrastructure planned at Peak Innovation Park, part of an agreement local officials said will support long-term development and sustainable economic growth in Colorado Springs and across the Pikes Peak region. Colorado Springs Utilities and the city on Friday…
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Health product supplier chooses Colorado Springs for expansion
A health and wellness company focused on meeting the needs of the underserved and aiding people with under-recognized conditions across the world is returning home to Colorado Springs. Desert Harvest is expanding locally and expects to create 15 new jobs with average annual salaries of $68,505, or 108% of El Paso County’s average annual wage,…
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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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Colorado Springs receives state grants to bolster local businesses
A newly announced grant will bolster a cohort of local businesses in downtown and southeast Colorado Springs both looking to expand and rebuild. Mayor Yemi Mobolade announced Monday afternoon that 12 local businesses and their nonprofit fiscal sponsors will receive a total of $372,000 to aid in their respective business operations. “Our small businesses drive…