research & development company may build new facility in north central colorado

The name of the company has not yet been publicly identified, but a District of Columbia-based military contractor is said to be thinking of building a new facility in Boulder County, Colorado.

That much has been revealed by the Colorado Economic Development Commission, a state body that works with government and private entities to promote economic development throughout the Centennial State.

For the moment, the effort to get the company to set up shop up in Colorado is being referred to as “Project Iris,” and, according to sources, could result in the construction of not only a facility for research and development, but also a new manufacturing plant.

The Colorado EDC has also disclosed that the company, which if it did move to the state would hire nearly 1,100 people, is looking at other sites for possible relocation in Indiana, Tennessee, and Virginia.

In trying to lure the company to pick Colorado, the commission has now voted to approve some $9.4 million in job growth tax incentive credits that would be available over an 8-year period.

It is not currently known when the commission, which next meets in late September, will announce the results of Project Iris.

By Garry Boulard

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