Global Business Development

Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Spectrum Advanced Manufacturing Technologies has selected Colorado Springs, Colorado for expansion. The company creates products that are integral to advanced manufacturing and assembly, and provides quick-turn product development and manufacturing services for aerospace, medical, industrial and commercial marketplaces.

The following project was approved at the March 2024 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 incentive requiring approval for this kind of project is:

Job Growth Incentive Tax Credit

DENVER – Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Scythe Robotics, a producer of advanced, commercial-grade autonomous solutions for the landscape industry, has selected Longmont, Colorado for expansion. The company has expanded its Boulder County headquarters and manufacturing facility to meet growing demand for its all electric, fully autonomous commercial mower.

COLORADO SPRINGS – Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that Invictus International Consulting, a Veteran-owned cybersecurity and technology integrator, has selected Colorado Springs for expansion. Invictus will provide cybersecurity and Internet Service Provider (ISP) engineering and operations support for government agencies, defense organizations, and private sector clients.

Today, Governor Polis and the Colorado Office of Economic Development and International Trade (OEDIT) congratulate the Colorado—Wyoming Climate Resilience Engine (CO-WY Engine) on its groundbreaking selection by the U.S. National Science Foundation (NSF) as an NSF Engines grant recipient. This prestigious award positions the CO-WY Engine to receive up to $160 million over the next 10 years to transform Colorado and the region into a national leader in developing climate-resilient and sustainable technologies.

Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that Toro, a leading worldwide provider of innovative solutions for the outdoor environment, has selected the Town of Frederick in Weld County, Colorado for relocation. In Frederick, the company is opening a new center of excellence for the research and development functions of their robotics division. 

Today, Governor Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) will join Microchip, a leading producer of semiconductor devices, and the U.S. Department of Commerce, to announce a historic preliminary memorandum of terms (PMT) resulting in $90 million to modernize and expand a Microchip fabrication facility in Colorado Springs as part of $162 million in overall direct funding to support the company's semiconductor supply chain.

The following projects were approved at the December 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.

The incentives requiring approval for these kinds of project are:

Job Growth Incentive Tax Credit

Today, the Global Business Development division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that 25 Colorado companies and seven researchers have been awarded Proof of Concept and Early-Stage Capital and Retention grants through OEDIT’s Advanced Industries Accelerator Program.

The following projects were approved at the November 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.

The incentives requiring approval for these kinds of project are: