Comment on Colorado Economic Development Commission shoots down incentive request

Colorado Economic Development Commission shoots down incentive request

The Colorado Economic Development Commission approved $8.2 million in incentives for four companies looking at locating 735 jobs in the state on Thursday morning. But in a rare move, it rejected a request from another company, Lada Cube, on a split vote. The Grand Junction company, which designs and manufactures demountable wall panels, received $250,000 from the state in November 2018 under the Advanced Industries Early Stage Capital and Retention Grant. That grant requires the company to keep at least half of its employees in the state or maintain its headquarters here.

 

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