Press Release

Gov. Polis Announces Four New Employee-Owned Companies, Pioneering New Workforce Trend in Colorado

Today, the Polis Administration and the Colorado Employee Ownership Office, housed within the Colorado Office of Economic Development and International Trade (OEDIT), announced four new businesses transitioning to employee-ownership with the help of the Employee Ownership Office including Idaho Springs’ Beau Jo’s Pizza. These conversions are part of a growing trend of employee-ownership in Colorado and continue the work of the Polis Administration to save businesses money while ensuring that everyone can benefit when a business thrives. 

PRESS RELEASE: Gov. Polis Launches TechHubNow! Initiative to Position Colorado as Regional Technology and Innovation Hub

Today, Governor Polis and the Colorado Office of Economic Development and International Trade (OEDIT) announced a new public-private initiative, TechHubNow!, to strategically position Colorado for designation as a Regional Technology and Innovation Hub (Tech Hub) under the CHIPS and Science Act. The U.S. Economic Development Administration (EDA) will be launching a competitive process to select 20 federally-designated Tech Hubs across the country, with $500 million in appropriated funding available in 2023 to help these hubs drive U.S.-based technology- and innovation-centric growth.

Colorado Aerospace Industry Continues to Grow: Polis-Primavera Administration Announces INTUITIVE Expansion in Colorado Springs

Governor Polis, Lt. Governor Primavera, and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) formally announced today that Intuitive Research and Technology Corporation (INTUITIVE), an aerospace engineering and analysis firm, has selected Colorado Springs for expansion. There, INTUITIVE will support the state’s leading aerospace and defense industry by providing engineering, analysis, problem solving and technical management support to government, defense and military clients.

Boosting Global Competitiveness: Under Polis Administration, Colorado Strategically Positioned to Excel as Regional Technology and Innovation Hub

Under the Polis administration, Colorado is globally competitive across a wide range of Advanced Industry sectors and is strategically positioned to excel as a Regional Technology and Innovation Hub (Tech Hub) under the CHIPS and Science Act. The U.S. Economic Development Administration (EDA) will be launching a competitive process to designate 20 federally-designated Tech Hubs across the country, with $500 million in appropriated funding available in 2023 to help these hubs drive technology- and innovation-centric growth.

MEDIA ALERT: Conejos County Becomes a Rural Jump-Start Zone to Encourage Economic Development and New Jobs

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Conejos County has been designated as a Rural Jump-Start Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

Media Alert: Yuma County Becomes a Rural Jump-Start Zone to Encourage Economic Development and New Jobs

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Yuma County has been designated as a Rural Jump-Start (RJS) Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

Media Alert: Kit Carson County Becomes a Rural Jump-Start Zone to Encourage Economic Development and New Jobs

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Kit Carson County has been designated as a Rural Jump-Start (RJS) Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

Polis Administration Announces Grant Recipients to Support Creation of Over 1,000 New Affordable and Workforce Housing Units

In his State of the State address, Governor Polis outlined his vision for Colorado and how to address housing challenges. Today, Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced the first three recipients of the Innovative Housing Incentive Program (IHIP) grant.