COLORADO SPRINGS, Colo. (KKTV) – Colorado Springs is one step closer to becoming a CHIPS Zone following the City Council’s approval of a resolution on Monday.
The CHIPS Zone Program was created through Colorado House Bill 23-1260 to maximize incentives available to eligible semiconductor companies in the state. Municipalities, counties, and groups of the two can apply to designate a geographical area within their governance as a CHIPS Zone.
According to the City of Colorado Springs, becoming a CHIPS Zone would allow eligible businesses to apply for state tax income credits for new employees, research and development, investment and more…