The Colorado Economic Development Commission on Thursday awarded the company $12.4 million in Job Growth Incentive Tax Credit in return for the creation of 906 jobs over eight years. Those credits can be used against future state tax obligations.
CesiumAstro, which applied for the incentives under the codename Project Cesium, was founded in 2017 by longtime Lockheed Martin Space Systems executive Shey Sabripour, who helped develop low-Earth orbit satellites at the defense contractor. His new company counts NASA and the U.S. Air Force among its customers and has the backing of venture capital firms like Kleiner Perkins and Airbus Ventures.
The EDC extended another large incentive award, worth $3.8 million, to a startup company, codenamed Project Cranium, that is focused on using prefabricated net-zero panels and 3-D construction printing to build more affordable housing, a key focus of the Polis administration. Project Dots could bring 189 additional jobs to El Paso County. The company designs and makes nontraditional semiconductors that can be placed in glass and flexible materials. That flexibility of the substrate makes the chips useable as digital sensors in a variety of applications.
The company has an in-office policy, meaning it could help out Denver’s struggling office market in addition to bringing in high-paying management jobs.
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