The $1 billion plant could create 1,000 jobs and make Colorado a player in the reshoring of semiconductor production.
The EDC also approved three additional awards of Job Growth Incentive Tax Credits or payroll tax credits linked to future hires in the state on Thursday.
Project Tart is a maker of prefabricated, energy-efficient custom homes and workforce housing based in Washington state. It is considering Mesa County for a manufacturing plant that would employ 44 people at an average annual wage of $54,273. The EDC extended $543,546 in tax credits to beat out competing locations under consideration in Caldwell, Idaho and Ogden, Utah.
Project Root is a manufacturer of low earth orbit technologies that reduce the launch weight of spacecraft. It is looking at metro Denver for a headquarters, research and development center, and eventually a manufacturing facility. The first growth phase could bring 60 jobs to the region paying an average annual wage of $80,433. The EDC approved $547,577 in incentives linked to those jobs.
Project Kumquat, a maker of frozen novelty treats, primarily paletas, is looking at Arapahoe, Douglas and Jefferson counties for a headquarters relocation. The EDC extended $541,661 tied to the creation of 50 new jobs paying an average of $70,577 a year. Locations in Arizona and Utah are also under review.
Gov. Jared Polis announced on Thursday that Eve Lieberman, his chief policy adviser and legislative counsel, will replace Patrick Meyers as executive director of COEDIT on Jan. 1. Meyers replaced Betsy Markey as director in April 2021 while retaining his job as the state’s chief recovery office overseeing the funding Colorado received under the American Rescue Plan Act and Infrastructure Investment and Jobs Act. Meyers will stay on as the state’s chief recovery officer.
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