colorado office of economic development

A veteran-owned cybersecurity and technology company is going to expand its operations in Colorado Springs and expects to add 130 new jobs. The Colorado Office of Economic Development and International Trade said Thursday that Invictus International Consulting said the company chose Colorado Springs over Reston, Va.,and San Antonio. Invictus is based in Alexandria, Va., and has 300 employees, 65 of whom are in Colorado. State officials said Invictus is a market leader in full-spectrum cyber technology, infrastructure and…

As the craft beer industry in Colorado has matured and settled in the two years since the end of the pandemic, there has been a spate of small buyouts, closures and consolidations. For some, this has meant difficult times. For others, it has created opportunities to expand. On Dec. 20. Prost Brewing, which was founded in Denver’s Lower Highland neighborhood in 2012, will open the doors to one of the bigger expansions in recent memory – a Munich-sized taproom and biergarten, at 351 W. 104th Ave in Northglenn, that is…

The Colorado Economic Development Commission on Thursday approved the first two awards under a program the legislature passed in May to boost semiconductor and other advanced manufacturing capacity in the state, opening the door for more federal dollars to flow into the state. The CHIPS and Science Act authorizes $280 billion to help boost the country’s competitiveness in semiconductors and other key technologies vital to national security, including a 25% federal tax credit for the capital investments made to build a…

Colorado is in a heated battle with Illinois to win designation as the nation’s top hub for quantum technology, with potentially $1 billion in federal support, not to mention multiple times that in economic activity, at stake. The CHIPS and Science Act directs $52 billion in federal dollars to boost U.S. competitiveness in semiconductors and restore the country’s leadership in chip manufacturing and other advanced technologies. The Biden administration announced Monday that it would make the first award under the act by…

DURANGO — A little more than a year before the retail sporting goods behemoth comes to town, REI Co-op’s impending arrival has raised concerns, especially among those who wonder what impact its 20,000-square-foot store will have on Durango’s eclectic array of local outdoor recreation businesses. While some business owners aren’t sweating it, John Agnew has a less sanguine view of the effect REI’s presence may have on his snowboard and outdoor gear shop on Main Street once it opens in early 2025. The Seattle-based chain…

DaVita, Arrow Electronics, Charter Communications, VF Corp, and Gusto are major employers in Colorado. And while they operate in very different industries, they share something in common. They either relocated to the state or boosted hiring after receiving assistance from Job Growth Incentive Tax Credit program, which the General Assembly approved in response to the Great Recession, which cost the state 137,600 jobs in 2008 and 2009. From the first award in 2009 through this summer, employers have contracted to provide up…