Comment on State OKs tax credits of $12.3M to lure high-tech, manufacturing companies

State OKs tax credits of $12.3M to lure high-tech, manufacturing companies

Companies that provide satellites for surveillance and communications as well as ones in advanced manufacturing, artificial intelligence and high-performance computing received approval Thursday from state economic development officials for incentives totaling approximately $12.3 million. The Colorado Economic Development Commission approved tax credits for five companies. The companies, given code names for confidentiality, are considering whether to move to Colorado or expand their operations in the state. One of the companies, with the code name of Project Lithium, is a global Fortune 200 business that has been in Colorado for 40 years and develops and tests a variety of semiconductor chips at sites across the U.S.

 

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