The following projects were approved at the May 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: Bold
Summary
The company behind Project Bold is a manufacturer that produces custom parts, sheet metal and assemblies for customers in aerospace and industrial sectors. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
As a result of substantial new contracts with an aerospace prime, the company plans to develop a new, 110,000 sq. ft. facility occupied by a series of hard-to-move production lines, with associated hiring. Total capital investment associated with the project is expected to exceed $45,000,000 across three phases. In addition to Colorado, the company is considering Ohio, due to the substantial Ohio presence of the contracting aerospace prime (see above). Within Colorado, the company is considering El Paso County.
This project would support the state’s economic goals by creating net new jobs in the economy, supporting the aerospace and defense supply chain, and strengthening the aerospace cluster in Colorado Springs and surrounding areas.
Jobs
Project Bold, should it occur in Colorado, expects to create 133 net new jobs at an average annual wage of $73,032.74, which is 107% of the average annual wage in El Paso County. The jobs will include manufacturing technicians, operators, engineers, and supervisors. The company currently has 70 employees, all of whom are in Colorado.
Incentive
Up to $1,729,155 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 133 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
The decision is driven by access to talent, supply chain considerations, quality of life, and incentives.
Project Name: Cobra
Summary
The company behind Project Cobra is a precision electronics company that designs and manufactures pyrotechnic and energetic products for industries including aviation, aerospace and defense. Due to the nature of the company, further identification would jeopardize the company’s confidentiality. The company plans to commission a new manufacturing facility. In addition to Colorado, the company is considering Arkansas and Alabama.
This project would support the state’s economic goals by creating net new jobs in the economy and supporting some of Colorado’s largest industries. Additionally, with the consideration of PuebloPlex as a possible site, this project has the potential to catalyze a significant economic asset in Pueblo County.
Jobs
Project Cobra, should it occur in Colorado, expects to create 154 net new jobs at an average annual wage of $57,168.83, which is 100.5% of the average annual wage in Pueblo County. The jobs will include engineers, maintenance workers, and health & safety professionals. There is strong local support for the project among economic development partners in Pueblo County, including PuebloPlex, which has provided a possible site for expansion. The company has 867 employees, none of whom are in Colorado.
Incentive
Up to $2,524,328 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 20 net new full-time jobs at a minimum average annual wage (AAW) of $56,875 (100% of Pueblo 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
The company’s factors for considering Colorado include a strong talent pipeline and overall cost of doing business.
Project Name: Onshore
Summary
The company behind Project Onshore represents an Aerospace logistics company that utilizes proprietary propulsion technology for payload delivery. Project Onshore represents the company seeking to establish their HQ, advanced manufacturing, and integrated testing operations. The project anticipates generating: 400+ direct high-tech jobs and 500+ indirect jobs, $70M+ in local contracts, $300M+ in long-term economic impact. The company’s plans include exploring partnership with Colorado universities and technical institutions to build a sustained aerospace workforce pipeline.
In addition to Colorado, the company is actively exploring incentives and locations in New Mexico and Texas.
This project would support the state’s economic goals by supporting a home grown Colorado aerospace company’s continued and exponential growth in Colorado.
Jobs
Project Onshore, should it occur in Colorado, expects to create 460 net new jobs at an average annual wage of $149,960, which is 153% of the average annual wage in Boulder County. The jobs will include engineering, executive, manufacturing, operations, strategy, and finance roles. The company currently has 23 employees, 22 of whom are in Colorado.
Incentive
Up to $8,088,462 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 460 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
The company's primary decision factors include access to talent, pipeline, and partnerships with companies from their HQ location, and cost of doing business.
Project Name: Tatra
Summary
The company behind Project Tatra is a major manufacturer and distributor of plumbing, heating, ventilation and air conditioning (HVAC), and related appliances. Due to the nature of the company, further identification would jeopardize the company’s confidentiality.
The company plans to construct a new facility to fabricate pipe, fittings, lined products, and related components designed to meet industrial, mechanical, and fire‑protection project specifications. These products would enter the company’s nationwide distribution system, serving customers throughout the U.S. In addition to Colorado, the company is considering Ohio and Arizona. Within Colorado, the company is considering Adams County.
This project would support the state’s economic goals by creating net new jobs in the manufacturing center and supporting the construction industry supply chain.
Jobs
Project Tatra, should it occur in Colorado, expects to create 70 net new jobs at an average annual wage of $77,061, which is 103% of the average annual wage in Adams County. The jobs will include primarily fabricator positions, in addition to several supervisory and project management roles. The company currently has approximately 3,500 employees, 648 of whom are in Colorado.
Incentive
Up to $942,706 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 70 net new full-time jobs at a minimum average annual wage (AAW) of $74,152 (100% of Adams 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
The location decision is driven by incentives, access to talent, quality of life, supply chain considerations, and the concentration of industry partners and markets.