The following projects were approved at the June 2026 Colorado Economic Development Commission meeting. The Colorado Economic Development Commission (EDC) develops incentive packages to assist with existing business expansions and new company relocations to grow jobs in all regions of the state. They typically meet on the third Thursday of every month.
The incentives requiring approval for these kinds of projects are:
Job Growth Incentive Tax Credit
These awards do not guarantee that the company will accept the offer and/or expand or relocate to Colorado.
Project Name: Blaze
Summary
The company behind Project Blaze manufacturers waste handling equipment for markets across the US. They service equipment rentals and commercial bin haulers. This is classic manufacturing, with operators cutting, welding, and painting steel. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The company aims to establish a presence in the Four Corners region, and is working with the City of Colorado Springs and CSCEDC on a Colorado location pathway. In addition to Colorado, the company is considering Arizona, New Mexico, and expanded operations in Texas. Within Colorado, the company is considering the Colorado Springs metropolitan area (El Paso County).
Jobs
Project Blaze, should it occur in Colorado, expects to create 35 net new jobs at an average annual wage of $68,839.71, which is 101% of the average annual wage in El Paso County. The jobs will include manufacturing positions such as facility supervisors, operators, welders and fabricators, and design engineers. The project would also entail capital investment, with an anticipated initial investment of $1.2 million. The company currently has 70 employees, none of whom work in Colorado. The company’s decision is driven by supply chain and logistics; access to talent; incentives; and the predictability and pace of permitting processes.
Incentive
Up to $246,496 in performance-based Job Growth Incentive Tax Credits over an 8-year period, 96 months, is requested from the EDC. The amount of this incentive as recommended above takes into account OEDIT staff’s analysis of the four factors identified in C.R.S. § 39-22-531 (3)(c).
This incentive is contingent upon:
- The creation of up to 35 net new full-time jobs at a minimum average annual wage (AAW) of $68,224 (100% of El Paso County) or 100% of the AAW of any county in Colorado the company decides to locate over 8 years.
- The maintenance of the net new jobs in Colorado for one full year before any credits become vested.
- The creation and maintenance of at least 20 net new jobs before any credits are issued.
Consideration
This project would support the state’s economic goals by creating new jobs in the Colorado economy, strengthening the state’s manufacturing base, and providing inputs to the construction industry.
Project Name: Swift
Summary
The company behind Project Swift is a defense company that specializes in defensive interceptor systems to counter medium-to-large unmanned aerial threats (C-UAS). The company was established in Los Angeles in 2024 and is currently expanding internal research and development as well as low-rate production outside of California. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
Project Swift represents the company’s efforts to develop a low-rate pilot and R&D site for the development and low-rate production of tactical solid rocket motors. In addition to Colorado, the company is considering Arizona, New Mexico, and Utah. Within Colorado, the company is considering Arapahoe or Weld County. The company’s factors for considering Colorado include access to talent, proximity to supply chains, and overall cost of doing business.
Jobs
Project Swift, should it occur in Colorado, expects to create 171 net new jobs at an average annual wage of $113,772, which is 132% of the average annual wage in Arapahoe County. The jobs will include Engineers, Technicians, IT, and Environmental Health and Safety roles. The company currently has 70 employees, 2 of whom are in Colorado.
Incentive
Up to $2,721,870 in performance-based Job Growth Incentive Tax Credits over an 8-year period, 96 months, is requested from the EDC. The amount of this incentive as recommended above takes into account OEDIT staff’s analysis of the four factors identified in C.R.S. § 39-22-531 (3)(c).
This incentive is contingent upon:
- The creation of up to 171 net new full-time jobs at a minimum average annual wage (AAW) of $86,476 (100% of Arapahoe County) or 100% of the AAW of any county in Colorado the company decides to locate over 8 years.
- The maintenance of the net new jobs in Colorado for one full year before any credits become vested.
- The creation and maintenance of at least 20 net new jobs before any credits are issued.
Consideration
This project would support the state’s economic goals by supporting a company with limited presence in Colorado’s expansion into the State. The company would bring innovative technology and high paying jobs in a key strategic sector for the state, adding to the employer base within the aerospace industry.
Project Name: Mercury
Summary
The company behind Project Mercury represents an aerospace, defense, and security company that develops and supports advanced military, space, and intelligence technologies for government customers worldwide. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The project represents the company’s search for a location within their Space division to establish a new advanced manufacturing and integration facility supporting national security and space‑based mission programs. The project will involve significant capital investment, creation of high‑skilled jobs, and long‑term operational growth to meet increasing demand for mission‑critical defense and space technologies. In addition to Colorado, the company is considering Texas and Ohio. Within Colorado, the company is considering Broomfield County. The company’s primary decision factors include access to talent, proximity to supply chains, and partnerships.
The project is also under consideration for a CHIPS Refundable Tax Credit award, as described below.
Jobs
Project Mercury, should it occur in Colorado, expects to create 600 net new jobs at an average annual wage of $89,760, which is 79% of the average annual wage in Broomfield County. Because the project is in a field of high strategic importance to the State and includes a substantial capital investment, it qualifies for an exception to the average annual wage threshold. The jobs will include Technicians, Manufacturing Engineers, Production Supervisors, Manufacturing Planners, Machinists, and Supply Chain Planners. The company currently has over 100,000 employees, nearly 5,000 of whom are in Colorado.
Incentive
Up to $11,184,835 in performance-based Job Growth Incentive Tax Credits over an 8-year period, 96 months, is requested from the EDC. The amount of this incentive as recommended above takes into account OEDIT staff’s analysis of the four factors identified in C.R.S. § 39-22-531 (3)(c).
This incentive is contingent upon:
- The creation of up to 600 net new full-time jobs at a minimum average annual wage (AAW) of $84,903 (75% of Broomfield County) or up to 100% of the AAW of any county in Colorado the company decides to locate over 8 years.
- The maintenance of the net new jobs in Colorado for one full year before any credits become vested.
- The creation and maintenance of at least 20 net new jobs before any credits are issued.
Consideration
This project would support the state’s economic goals by supporting a high-tech advanced manufacturing company's major expansion in the state. It will support the creation of high-paying net new jobs in the economy and support the thriving aerospace industry in the state.
Project Name: Sodium
Project Sodium is the Refundable Tax Credit name for the JGITC project presented to the EDC under the name “Project Mercury” on Thursday, June 18, 2026. This refund, along with the JGITC award, will make up the full competitive incentive package with which the company will make its site selection decision.
The company behind Project Sodium is an aerospace, defense, and security company that develops and supports advanced military, space, and intelligence technologies for government customers worldwide.
The project is focused on the expansion of radio frequency and antennae platforms, subsystems that perform signal processing, control, and remote sensing functions based on semiconductor integration and operations. As such, it meets the “enabling technologies interdependent with semiconductors” provision that the Economic Development Commission added to the “semiconductor manufacturing” definition of HB23-1260 during the February 19, 2026 meeting of the Economic Development Commission.
OEDIT staff recommends a $11.2 million JGITC award for Project Mercury and the company expects to earn $4.1 million in Enterprise Zone credits through the Broomfield CHIPS Zone. In its application, the company requested this $15.3 million total from the Commission. After evaluation, OEDIT staff recommends a total award amount of $8.6 million.
Given that the remaining allocation of refundable credits for the current FY26 is $2.6 million, this award is predicated on the Commission earmarking $6 million from the FY28 $15 million allocation as early as July 15, 2027. The $8.6 million in CHIPS Refundable Tax Credits will require the company to make a decision to move forward in Colorado by sending a commitment letter to OEDIT/GBD by April 1, 2027. Should the project not move forward in Colorado by this date, the entire amount of this award will be revoked and returned to the pool for other projects.
Project Name: Quinn
Summary
The company behind Project Quinn manufactures cross-laminated timber (CLT), a type of mass timber, using wood fiber to create alternatives for steel and concrete in construction. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The company’s expansion is driven by market opportunity in Colorado, Oregon, and the Western United States. The project serves to transfer knowledge from Oregon’s Willamette Valley — a leading region for wood products manufacturing innovation, where the company is currently based — to Colorado.
In addition to Colorado, the company is considering expansion in Oregon. Within Colorado, the company is considering Boulder County.
Jobs
Project Quinn, should it occur in Colorado, expects to create 24 net new jobs at an average annual wage of $77,539.84, which is 79.3% of the average annual wage in Boulder County. Because the project includes high-skill advanced manufacturing occupations, a substantial capital investment in a field of high strategic importance to the State, and advances Colorado's advanced technology ecosystem as the first industrial-scale manufacturer of mass timber products in this state or any neighboring state, it qualifies for an exception to the average annual wage threshold. The jobs will include a range of technical and production roles, including supervisors, technicians, and operators. The company currently has 43 employees, three of whom work remotely from Colorado.
This project would support the state’s economic goals by creating new jobs in the economy and investing capital in hard-to-move fixed assets. The project would have further economic benefits as a strategically-important new market for Colorado wood–particularly low-grade and small-diameter lumber–with benefits to the State’s forest products industry, the decarbonization of construction, and wildfire resilience.
Incentive
Up to $364,801 in performance-based Job Growth Incentive Tax Credits over an 8-year period, 96 months, is requested from the EDC. The amount of this incentive as recommended above takes into account OEDIT staff’s analysis of the four factors identified in C.R.S. § 39-22-531 (3)(c).
This incentive is contingent upon:
- The creation of up to 24 net new full-time jobs at a minimum average annual wage (AAW) of $73,291 (75% of Boulder County) or up to 100% of the AAW of any county in Colorado the company decides to locate over 8 years.
- The maintenance of the net new jobs in Colorado for one full year before any credits become vested.
- The creation and maintenance of at least 20 net new jobs before any credits are issued.
Consideration
The location decision is driven primarily by incentives; supply chain assets in Colorado; and the local concentration of industry partners.