Aerospace companies choose Colorado as place to expand operations

AI Summary

Two companies are bringing new jobs to Colorado. Multicut, a company from Denmark, will open a factory in Loveland to make parts for defense and space industries. This is expected to create 82 jobs. SelectTech Services Corp., from Ohio, will expand its business in El Paso County to support defense clients. This is expected to create 150 jobs. Both companies chose Colorado because of its strong aerospace industry and its location near government clients. The state is offering tax breaks to encourage these companies to create jobs. Colorado's aerospace industry is already the second largest in the U.S.