Job incentives still flowing in – to the tune of $ 18.85 million
Colorado’s pipeline of pending corporate expansions and relocations continues to run full in the new year.
The Colorado Economic Development Commission on Thursday approved $ 18.85 million in job growth incentive tax credits to six employers considering the state for 1,368 jobs.
Project Transformation, a telecommunications firm with a presence in the state, received approval for $ 8.15 million in incentives in return for creating 635 new jobs in Larimer County.
Larimer County is competing with locations in Arizona and New Mexico for the customer service and technical support positions, which will carry an average annual wage of $ 44,550.
Project Geneva, a contract manufacturer of specialty medical devices, said it is weighing whether to locate 255 jobs paying an average wage of $ 45,212 a year in El Paso County or in Vancouver, Wash., where it also has offices.
The commission approved incentives worth $ 2.1 million to sway the decision in the state’s favor.
Project Bluff, the code name for a Denver cybersecurity startup, received approval
for $ 5.4 million in incentives if it adds 248 jobs in Denver paying an average wage of $ 117,923.
The firm’s chief financial officer said the company, which has raised $ 37 million in venture capital and counts 44 local employees, was under pressure from its investors to move to California. Other requests approved included: • Project Apothecary, a Fortune 500 company looking to locate a research laboratory in either Weld County or Austin, Texas. The new $ 135 million facility would employ 170 workers making an average wage of $ 77,206. The commission approved just under $ 2.4million in incentives.
• Project WTM, an advanced manufacturer, is looking to add 40 engineering and technician jobs in Jefferson County paying an average wage of $ 76,625. It received approval for $ 565,718.
• Viega LLC, a German maker of plumbing andHVACequipment, received approval for $ 223,380 in incentives for 20 jobs at a proposed product training center in Broomfield. The company has its U. S. headquarters inWichita.
The commission also approved three rebate requests for just under $ 200,000 coming through the state Office of Film, Television & Media.
“The JoeyCanyon Show” received approval for a rebate of $ 102,789 for in- state spending on 13 episodes of a half- hour country music and variety program.
Filmed inCentennial, the showincludes a crew of 39 and cast of nine and features local artists as well as scenes shot fromacross the state. In its second season, the show airs on RFD- TV, a cable channel that targets rural audiences.
“This showcan bring a ton of revenue to the state,” Canyon said.
Other film rebates approved included $ 46,000 for a documentary on the formation of the National Park Service, which will celebrate its centennial Aug. 25.
A documentary examining personal impacts of the murder of JonBenét Ramsey in Boulder, 20 years after it happened, received approval for a $ 50,000 rebate, but not before addressing questions on whether the show would put Colorado in a bad light.