Colorado Springs is moving forward with plans to become a center for advanced manufacturing and semiconductor innovation after the City Council approved a resolution on Monday to propose the creation of a Colorado Springs CHIPS Zone.
The proposal aims to make the city more competitive for new investments and high-paying jobs by providing access to incentives available through both the Colorado CHIPS Zone Act and the federal CHIPS and Science Act. These programs are intended to help companies involved in semiconductor design, production, and advanced manufacturing expand their operations.
“I want to thank City Council for advancing this important opportunity for Colorado Springs,” said Mayor Yemi Mobolade. “With their approval of the proposed CHIPS Zone boundaries, we’re reinforcing our legacy as a high-tech manufacturing hub and accelerating our momentum as ‘Silicon Mountain.’ From semiconductors to advanced manufacturing, this new designation helps ensure that businesses big and small have the tools to grow, innovate, and stay rooted right here in Colorado Springs. It’s a smart, strategic move for our economy and for our future.”
If the plan receives approval from the Colorado Economic Development Commission, businesses within the designated zone would be able to apply for state income tax credits related to hiring new employees, research and development activities, capital investment, and workforce training. The goal is to support local supply chains, encourage innovation, and retain technology jobs in Colorado Springs.
“This initiative represents the kind of collaboration that defines our region,” said Shawna Lippert, economic development manager for the city. “Our partners at El Paso County and the Chamber & EDC have been instrumental in shaping this proposal. Together, we’re creating the right environment for advanced manufacturing to thrive, supporting local companies, attracting new investment, and driving high-quality job growth across the Pikes Peak region.”
The next step is review by the Colorado Economic Development Commission before any final decision is made. Additional details about the program can be found at OEDIT.colorado.gov/CHIPS-Zones-Program.
