Fortune 500 firm considering $100M Boulder expansion
DENVER — An unidentified company could soon undertake a $100 million operations expansion project in Boulder.
The Colorado Economic Development Commission approved a nearly $4.3-million tax incentive package Tuesday to entice that company — known as “Project Salvo” — to move forward with expansion.
It is the commission’s practice not to identify companies the Colorado Office of Economic Development and International Trade is recruiting until incentives are accepted.
Despite the confidentiality, there is reason to believe Project Salvo could be Emerson Electric Co. (NYSE: EMR), which operates subsidiary Micro Motion Inc. in Boulder’s…
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