A 3D printing company specializing in aerospace is considering opening a headquarters and manufacturing facility in the metro Denver area.
The Colorado Economic Development Commission approved more than $5.8 million in job growth tax incentives to an unnamed company labeled as “Project Skyforge” on Thursday. The EDC often does not disclose company names to protect confidentiality throughout the competitive process of attracting businesses to the state.
Project Skyforge, which currently has four employees, is considering the metro Denver region due to its aerospace talent and the cost of doing business, according to the EDC.
The headquarters and manufacturing facility could create 392 new jobs with an average wage of more than $130,000. Positions would include engineers, technicians, managers, operators and executives.
The EDC said the company would support Colorado’s goal to create high-wage jobs in the manufacturing industry and support the region’s robust aerospace sector.
Aerospace is one of the largest job creators from the state's economic incentives program, accounting for nearly 40% of new jobs created in the last fiscal year spanning from July 2023 to June 2024, according to an EDC presentation in August. That's about 3,500 jobs for Colorado.
The sector was followed by renewables and semiconductors, which made up nearly 36% and 7.5% respectively.
If Project Skyforge selects Colorado, the tax incentives would be divvied up over eight years on the condition of jobs created.
The company is also considering Kansas or Missouri, according to the EDC.
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