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

AI Summary

The state of Colorado is offering $26 million in tax breaks to a company called "Project Hera." This company works in aerospace and defense. If the company expands in Colorado, it could create 1,250 new jobs. These jobs would pay an average of $122,000 per year. The company is also looking at other states like Alabama, Florida, and Pennsylvania. Colorado wants to keep these jobs and support its aerospace industry. This is the biggest tax incentive package the state has given out this year. Some local areas, like Douglas County, are also offering their own incentives to attract the company.