By Bernadette Berdychowski | Denver Gazette
The Colorado Economic Development Commission approved more than $10 million in tax incentives Thursday to three companies looking to expand along the Front Range.
The largest incentive of $6.25 million was awarded to an unnamed solar manufacturer looking for other options to build its first solar cell factory under the code name “Project Phoenix.” It’s considering developing in El Paso County, in or near Colorado Springs. The EDC typically keeps the names of companies seeking incentives confidential in the competitive process to attract businesses from going to other states.
At Thursday’s EDC meeting, Hari Achuthan spoke on behalf of Project Phoenix. Achuthan is the CEO and founder of solar manufacturer Convalt Energy.