State EDC OKs millions in incentives to ‘Project Boron’ semiconductor maker for plant upgrades
By Rich Laden and Bernadette Berdychowski | The Gazette
A semiconductor manufacturer seeking to expand and modernize its Colorado Springs plant would be eligible for a $3.68 million cash award from the state under a financial incentive for the company approved Thursday by the Colorado Economic Development Commission.
The company, whose identity was kept confidential by state officials and instead was assigned the code name Project Boron, had requested refundable tax credits that are available under the CHIPS Refundable Tax Credit program — created by Colorado lawmakers in 2023 as a means of encouraging the development and expansion of the state's semiconductor industry.
In turn, the financial support provided by the state helps Colorado companies secure funding through the fe...
