Colorado EDC offers $38 million in incentives to a variety of companies

DENVER BUSINESS JOURNAL - Pueblo could be home to major economic development activity soon, as the Colorado Economic Development Commission doled out $20.5 million in incentives Thursday to two companies.

One company could bring the country’s largest build-to-suit solar plant to the southern Colorado city and another could breathe life into the city’s steel plant.

The strategic-fund and job-growth incentive tax credits were part of a package of $38.3 million that EDC members offered to seven companies that could bring a combined 1,631 new positions to the state.

The potential job growth — which comes at the same time as business leaders are trying to attract Amazon’s second headquarters and its 50,000 positions to the Denver area — ranges from Routt County to Colorado Springs and involves industries as varied as aerospace, manufacturing and information technology.

Among the septet of economic gains, the two projects located in Pueblo — a long-time manufacturing hub whose economic growth has fallen behind that of the rest of the Front Range in recent years — stand out for their first-of-their-kind natures.

Read more at the Denver Business Journal: http://bit.ly/2myYgSN

Copyright 2017 Denver Business Journal


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