The Colorado Economic Development Commission approved about $20 million in incentives Thursday to five companies.
The companies span various specializations from satellite imagery, nutrition, battery production, electric motors and putting carbon back into the ground through “bio oil.” Some are seeking to expand into Colorado for the first time or plan to boost their operations within the state.
Here’s a breakdown of all the companies seeking to move to Colorado, from largest to smallest incentives awarded.
A battery company got a large award, Illinois also vying for it
The largest award went to a lithium and sodium-ion battery cell manufacturing company dubbed as “Project Kelly,” as company names are kept private during the competitive bidding process against other states. The EDC approved $6 million in job growth tax incentives and $3.4 million in CHIPS refundable tax credits…