Business Funding and Incentives

Today, Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced three new recipients of the Innovative Housing Incentive Program (IHIP) grant. This grant continues the Governor’s plans to help create a house for every Colorado budget and invests in companies working to develop more housing in Colorado.

The following projects were approved at the October 2023 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.

Governor Polis, the Office of Just Transition (OJT) within the Colorado Department of Labor & Employment, and the Office of Economic Development & International Trade (OEDIT) have partnered to fund pivotal economic development projects in Meeker and Yampa, Colorado.

Colorado and Wyoming are collaborating to support a regional team working to power innovative pathways toward climate resiliency by utilizing data, predictive modeling and cutting edge technology to address key challenges. The Colorado-Wyoming Regional Innovation Engine (CO-WY Engine) is one of 16 finalists in the first-ever National Science Foundation (NSF) Regional Innovation Engines Competition, which will award up to $160 million in funding over the next ten years.

Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) joined the City of Greeley to announce today that Alquist 3D (Alquist), a manufacturer of 3D printed homes and infrastructure, has selected Greeley, Colorado for expansion. The company, which created the first owner-occupied 3D-printed home in the United States, selected Colorado because of its commitment to developing affordable and attainable housing and workforce development programs.

Today, the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced the Community Business Preservation Program to help Colorado communities preserve the characteristics that make them unique. Grants paired with training will support Colorado’s legacy businesses that hold cultural, social, or historical significance in the state.

Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that Infinity Labs, a firm that specializes in modeling and simulation, cyber security and advanced research and development (R&D), has selected Colorado Springs, Colorado for expansion. The company plans to increase modeling and simulation support for Department of Defense (DoD) clients, improving national security through innovation and new technologies.

Today, Governor Polis and the Business Funding & Incentives Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced three recipients of the Innovative Housing Incentive program (IHIP) grant and the launch of the loan component of the IHIP program.

The Polis-Primavera Administration and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that Boecore, an aerospace and defense engineering company that specializes in software solutions, systems engineering and cybersecurity, has selected Colorado Springs, Colorado for expansion.