State Oks Tax Credits Of $12.3m To Lure High-tech, Manufacturing Companies

Judith Kohler, Denver Post: Business
Sat, 09/21/2024 - 5:00am

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.

Topics: economic development commission fortune u.s the fort collins chips zone project lithium s dan salvetti,with international trade we legislation the edc related articles foldables james earl jones darth vader ai voice ken wolf punch bowl social s denver boulder county pennsylvania project diamond texas north carolina project skyhawk earth utah project ax experience arapahoe county dallas salt lake city colorado economic development project lithium the u.s fort collins edc project bobcat technology california state manufacturing companies tax credits company million years approved wage average advanced contingent jobs creation minimum develops annual job-growth full-time operations semiconductor surveillance communications officials space moving code incentives infrastructure sites systems potential performance-based

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State OKs tax credits of $12.3M to lure high-tech, manufacturing companies
Project AX Experience, approved for up to $1.6 million in job-growth tax credits over eight years, contingent on the creation of up to 100 new full-time jobs at a minimum average annual wage of ...
09/21/2024 - 1:00 am | View Link
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State Oks Tax Credits Of $12.3m To Lure High-tech, Manufacturing Companies

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