CesiumAstro, a rapidly expanding maker of space communications equipment, is looking at Boulder County for a new 100,000-square-foot factory that could create more than 900 jobs in the state and churn out two satellites a day when it is up and running.
“It has been a great team effort and we are very enthusiastic about expanding here,” Christopher Meyers, director of business development for the company, told members of the EDC. The company is also looking to move beyond building communications gear and payloads to building satellites, with a goal of completing two satellites a day at its new plant starting in 2025. Low-Earth-orbit satellites are smaller and lighter, allowing for several to be launched at once into space.
, which the Biden administration is trying to return onshore by offering $39 billion in incentives under the CHIPS & Science Act. Project Dots is also looking at Arizona and New York, states that have been aggressive in pursuing chip industry jobs. The EDC extended $2.8 million in Job Growth Incentive Tax Credits to sway its decision.The fourth incentive award, worth $5.3 million, went to Project Fire, a global sports and entertainment company with 30,000 employees, including 74 currently in Colorado.