In the News

Denver Gazette: Colorado awards $26M in tax incentives to keep aerospace company in state

A technology company in the aerospace and defense industry is looking to expand and could bring 1,250 jobs to Colorado if it chooses to continue growing in the state.

The Colorado Economic Development Commission approved $26 million in job growth incentive tax credits on Thursday for an unnamed company called “Project Hera.” (The commission often doesn’t disclose company names throughout the competitive process of attracting businesses to the state to protect company confidentiality).
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The $26 million incentive package is the largest tax package offered by the state EDC so far in 2026. It comes as newly revised federal data shows the state lost 11,700 jobs in 2025. It also came on the heels of a report by the Colorado Chamber Foundation saying Colorado had suffered a net loss of 34 public company headquarters since 2022.
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