DENVER - On the heels of Arrow Electronics' announcement it is moving its headquarters and thousands of jobs to the Centennial area, the Colorado Department of Economic Development says another large company is considering moving to Colorado and an announcement could be made as early as next week.
The department wouldn't dive in to any details, but it did say the company could bring the same sort of news Arrow did.
A big reason why many of these companies choose a certain state has to do with its incentives.
Colorado's incentives aren't as generous as other states, but according to the Department of Economic Development its central location is an attractive quality for potential companies.
"It's been a really busy year for Colorado," Alice Kotrlik, deputy director of the Colorado Department of Economic Development, said.
As the deputy director, Kotrlik is responsible for keeping a close eye on the deals being made between the State of Colorado and potential companies who are looking to call it home.
Since 2008, she says there has been a steady uptick in the number of companies looking to relocate to the Rocky Mountain Region.
"It's great news for us," she said.
The companies who promise to bring a certain amount of jobs with them are rewarded with an incentive.
"It can vary depending on what sort of company it is," Kotrlik said. "At the end of every year the company will provide to our office specific information on what they have actually done."
If they haven't lived up to their promise, they don't get the full incentive.
"If they haven't met those requirements, we wouldn't issue them. Or we would only issue them to the degree they met them," Kotrlik explained.
Most companies have actually met the criteria and some have even exceeded them.
(KUSA-TV © 2011 Multimedia Holdings Corporation)
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