Colorado Springs strengthened its position as a statewide hub for advanced manufacturing and semiconductor innovation after City Council approved a resolution Monday proposing the establishment of a Colorado Springs CHIPS Zone.
The move positions the city to compete for new investment and high-paying jobs by unlocking access to state and federal incentives under the Colorado CHIPS Zone Act and the national CHIPS and Science Act. Together, these programs support the growth of companies involved in semiconductor design, production, and advanced manufacturing.
"I want to thank City Council for advancing this important opportunity for Colorado Springs,” siad 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 approved by the Colorado Economic Development Commission, the CHIPS Zone would allow eligible businesses to apply for state income tax credits for new employees, research and development, investment, and workforce training. These tools are designed to strengthen local supply chains, boost innovation, and keep high-tech jobs rooted in the community.
“This initiative represents the kind of collaboration that defines our region,” said Shawna Lippert, the City’s economic development manager. “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 proposal now moves to the Colorado Economic Development Commission for review and final consideration. More information about the CHIPS Zones Program is available at OEDIT.colorado.gov/CHIPS-Zones-Program.