The following projects were approved at the March 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: Hedge
Summary
The company behind Project Hedge conducts advanced manufacturing of products for the aerospace, energy, and defense sectors. The company is based in Denmark, and has a small sales presence in Colorado. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The company behind Project Hedge is engaged in a site selection process to substantially expand its North American advanced manufacturing business. In addition to Colorado, the company is considering California and Arizona. Within Colorado, the company is considering Larimer County.
Jobs
Project Hedge, should it occur in Colorado, expects to create 82 net new jobs at an average annual wage of $71,890 which is 101% of the average annual wage in Larimer County. The jobs will include engineers and operators involved in machining, cutting, and related manufacturing tasks. The company currently has 220 employees, 1 of whom is in Colorado.
Incentive
Up to $1,038,878 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 82 net new full-time jobs at a minimum average annual wage (AAW) of $71,240 (100% of Larimer 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 net new jobs, contributing the advanced manufacturing sector on the Front Range, and supporting supply chains in the key Colorado industries of defense, aerospace, and energy.
Project Name: Rhein
Summary
The company behind Project Rhein specializes in developing and manufacturing cardiovascular diagnostic and therapeutic devices. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The company’s primary investor is searching for a US location to increase manufacturing capacity. In addition to Colorado, the company is considering New Mexico, Arizona and Texas. Within Colorado, the company is considering Boulder or Weld County.
Jobs
Project Rhein, should it occur in Colorado, expects to create 190 net new jobs at an average annual wage of $107,158, which is 109% of the average annual wage in Boulder County. The jobs will include Assembly Operators, Quality Inspectors, Engineers and Technicians. The company currently has 200 employees, 120 of whom are in Colorado.
Incentive
Up to $2,580,715 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 190 net new full-time jobs at a minimum average annual wage (AAW) of $97,721 (100% of Boulder 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 net new jobs in the economy and contributing to the supply chain for biosciences and medical technology.