Business Funding and Incentives

Colorado and Wyoming Awarded Inaugural NSF Engines Award to Advance Innovative Climate Technologies

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

Creating Jobs: Polis Administration Announces Toro Relocation and Job Creation in Weld County

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

Growing the Colorado Semiconductor Industry: Microchip to Expand in Colorado Springs

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

Higher Purpose Homes, Ltd. becomes first Rural Jump-Start participant in Montezuma County

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Higher Purpose Homes, Ltd. is the first Montezuma County business to join the Rural Jump-Start (RJS) program. The RJS program is intended to encourage economic development and job creation in

Governor Polis Announces New Grants to Support Job Creation in Coal Transition Communities

Today, Governor Polis, the Office of Just Transition (OJT) within the Colorado Department of Labor & Employment, and the Office of Economic Development & International Trade (OEDIT) announced two new Coal Transition Community grants to fund projects that will diversify local economies and create new jobs in Moffat County and

Polis Administration Announces Latest Round of IHIP Grant Recipients Supporting Creation of Over 600 New Housing Units

Today, Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced three new recipients of the Innovative Housing Incentive Program (IHIP) grant. This grant continues the Governor’s plans to help create a house for every Colorado budget and invests

October 2023: EDC Approved Job Growth Incentive Tax Credit and Strategic Fund Projects

The following projects were approved at the October 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

Supporting Rural Economic Development: Polis Administration Provides Grants to Support Business Development and Job Creation in Meeker and Yampa

Governor Polis, the Office of Just Transition (OJT) within the Colorado Department of Labor & Employment, and the Office of Economic Development & International Trade (OEDIT) have partnered to fund pivotal economic development projects in Meeker and Yampa, Colorado. These Coal Transition Community grants are intended to support economic diversification

Colorado and Wyoming Partnering to Become National Leader in Climate-Resilient and Sustainable Technologies

Colorado and Wyoming are collaborating to support a regional team working to power innovative pathways toward climate resiliency by utilizing data, predictive modeling and cutting edge technology to address key challenges. The Colorado-Wyoming Regional Innovation Engine (CO-WY Engine) is one of 16 finalists in the first-ever National Science Foundation (NSF)