$7M in incentives to aerospace company could spur 500 new jobs

DENVER — An aerospace company with a large existing presence in Colorado could bring 500 new jobs to Boulder County with an assist from $7.05 million in tax incentives.

The Colorado Economic Development Commission approved the offer of incentives Thursday for an unnamed company referred to by Colorado Office of Economic Development and International Trade staff as Project Tycho.

It is the commission’s practice not to identify companies OEDIT is recruiting until incentives are accepted. 

Project Tycho is “developing one innovative business platform with three disruptive verticals: space transportation, space destinations and space applications,” according to an OEDIT memo. “The company behind Project…