Colorado offers $11M in incentives to companies eyeing local region

The Colorado Economic Development Commission on Thursday morning approved nearly $11 million in incentives for three companies looking at bringing expansions or new operations to the Boulder Valley and Northern Colorado.

A company nicknamed “Project Transformation” received the largest offer of $8,146,005 to bring 635 jobs to Larimer County. The telecommunications company, according to Office of Economic Development and International Trade officials, already has a presence in Colorado, and is considering locating the new jobs in Arizona and New Mexico in addition to Colorado.

“Project Apothecary” is a life-science company that also has a Colorado presence already. The EDC approved it for $2,385,017 to bring 170 jobs to Weld County, where the company is considering building a new facility. That company is also considering Texas.

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Finally, Viega LLC, a manufacturer of plumbing and heating components with its U.S. headquarters in Wichita, Kan., was offered $223,380 by the EDC to bring 20 jobs to a facility it would build in Broomfield. Viega is also considering Georgia and Kansas for the new facility.