Losing the U.S. Space Command headquarters cost Huntsville an aerospace company expansion now going to Colorado, news reports said today.
But it saved Alabama government more than $7 million in incentives the Rocky Mountain state is handing the Boecore company.
Boecore’s expansion in Colorado Springs is also expected to create 620 new jobs, the Denver Post reported.
The company plans to build “a large sensitive compartmented information facility, or SCIF, an ultra-secure building where officials and government contractors can review highly classified information,” the Post said.
The Colorado Economic Development Commission approved up to $7.49 million in “performance-based tax credits over eight years, reports said. The company has to meet employment and salary requirements to get the money.
Boecore President Tom Dickinson said in a statement that the company is staying in Colorado because of the money and the decision to make Colorado the permanent home of U.S. Space Command.
Alabama had been the preferred site for the command ranking first in the military’s base expansion and realignment process, but President Biden chose in July to keep the command in Colorado. That followed former President Trump’s earlier assertion that he made the original decision to move it to Alabama.
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