#17  Colorado


From the Governor

“Here in Colorado, we climb the highest mountains. We look far past the horizons. We dream, we dare, and we do. I’m here to talk about the state of what’s yet to come. Because in the days, months, and years ahead, we are here to do more than build on the achievements of the past…We are here to boldly forge a new path into the future. To make change work for us, rather than against us.” —Gov. Jared Polis


Rolling Economic Growth in the Rockies

Data from the U.S. Bureau of Economic Analysis found the Centennial State’s GDP growth last year was the seventh greatest in the nation, and that it grew at the fastest rate since 2015. High quality of life and a strong talent pool have recently attracted companies like VF Corporation, ViewRay, Checkr and F/LIST.

Key Contacts

Office of Economic Development and International Trade
Betsy Markey, Executive Director
(303) 892-3840
1625 Broadway, Suite 2700
Denver, CO 80202
betsy.markey@state.co.us
http://choosecolorado.com/

Key Incentives

Job Growth Incentive Tax Credit: Offers a state income tax credit for businesses that create at least 20 jobs with annual wages of at least 100% of the county average wage where it is located.

Colorado First Customized Job Training Program: Offers up to $1,200 per employee in training by one of the state’s community colleges, provider of the company’s choosing or an in-house trainer.

Enterprise Zone Tax Credits: Offers a variety of investment and workforce tax credits for companies operating in economically distressed areas.

Strategic Fund: Offers incentives of up to $5,000 for each job created with average annual wages of 140% of the average county wage.

EDCs

Colorado Office of Economic Development and International Trade: choosecolorado.com

Economic Development Council of Colorado: edcconline.org

Northern Colorado Economic Alliance: northerncolorado.com

Metro Denver Economic Development Corporation: metrodenver.org

Colorado Springs Chamber & Economic Development Corporation: coloradospringschamberedc.com

Highlighted Program or Initiative

Gov. Polis created by executive order in September 2019 the Office of Future of Work to research, analyze and develop recommendations to help communities transition to emerging industries.

Big Deals

  • Fortune 250 company VF Corporation announced in August 2018
  • Construction and engineering firm Kiewit announced in February 2019 it will create 200 jobs at a new regional office in Lone Tree.
  • Trisco Foods of Australia announced in February 2019 it would establish its U.S. headquarters in Colorado Springs and add up to 75 jobs over the next eight years.BNSF Railway broke ground in March 2019 on a new logistics center in Denver.
  • Checkr announced in April 2019 it had selected Denver as its second headquarters.
  • Medical technology company ViewRay announced in July 2019 up to 200 new high-paying jobs at an expansion of its operations in Denver.
  • Austrian manufacturer F/LIST announced in July 2019 it would establish its U.S. headquarters and manufacturing operations in Colorado Springs.

Big Companies

24 Fortune 500 companies headquartered in state, including:

Arrow
Electronics
DaVita
DISH Network
Molson
Coors
Brewing Western
Union Woodward
Liberty Oilfield
Services Whiting
Petroleum
SM Energy

C-Suite Testimonials

“Colorado is an area with an unrivalled heritage and culture of outdoor and activity-based lifestyles, as well as a thriving business environment.” —Steve Rendle, Chairman, President and CEO, VF

“Colorado is the perfect location for our second headquarters, and we are very excited to become a part of the vibrant Denver community…We look
forward to partnering with Governor Polis and other leaders to increase fair chance hiring and expand economic opportunities for Coloradans now and in the coming years.” —Daniel Yanisse, co-founder and CEO, Checkr

“Colorado Springs was chosen as an ideal location for our international expansion. With good access to the entire United States, as well as a growing specialty food manufacturing culture, we see great opportunities
for the future…Colorado Springs is an exciting and fast-growing region and mirrors the balanced but hard- working lifestyle of our hometown in Brisbane, Australia.” —Mike Tristram, CEO, Trisco Foods

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