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Report: Colorado incentives drive 143 business expansions and 42,000 jobs
ColoradoBiz Staff //April 17, 2026//
Courtesy of the Colorado OEDIT.
Courtesy of the Colorado OEDIT.
Report: Colorado incentives drive 143 business expansions and 42,000 jobs
ColoradoBiz Staff //April 17, 2026//
DENVER — Colorado‘s primary business incentive programs helped attract or expand 143 companies in the state from 2019 through 2025, creating more than 42,000 jobs and $4.8 billion in wages, according to data from the Colorado Office of Economic Development and International Trade.
In Brief:
- Colorado incentives supported 143 business expansions
- Programs created 42,145 jobs statewide
- Wages generated totaled $4.8 billion
- Eve Lieberman highlighted growth in innovation economy
The analysis found the Job Growth Incentive Tax Credit and the Strategic Fund Job Growth Incentive programs supported projects that resulted in 42,145 jobs. The figures do not include companies that moved to Colorado without incentives or programs such as Rural Jump-Start, which targets rural communities.
Officials said each project involved competition with other states. Companies most often considered Texas, Arizona, California and Florida before selecting Colorado.
“Colorado’s flagship expansion program has incentivized 143 businesses from across the nation and the world to choose Colorado, projected to create 42,145 jobs,” said Eve Lieberman. “We are committed to building on this growth so more companies can benefit from the state’s innovation economy and workforce.”
The incentives are overseen by the Colorado Economic Development Commission and administered by OEDIT. They are performance-based, requiring companies to meet job creation and wage thresholds before receiving benefits.
The Global Business Development division within OEDIT leads efforts to recruit and retain businesses and support economic growth statewide.
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