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3 Companies In A Week Announce Moves To Colorado

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(credit: coleman.com)

(credit: coleman.com)

DENVER (AP) – Three companies in week have announced major investments in Colorado that could mean hundreds of jobs for the state.

General Electric announced it would build a $300 million solar-panel plant in Aurora, while Arrow Electronics announced it is moving its headquarters from New York to Arapahoe County. Outdoor recreational equipment manufacturer Coleman says it might move its headquarters from Wichita, Kan., back to Denver, where it was headquartered until 1997.

The Denver Post reports that Colorado economic development officials say the successes are partly the result of efforts started by Gov. Bill Ritter.

Ritter’s administration established a tax credit that gives companies that create well-paying jobs a 50 percent break on payroll taxes for up to five years.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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