Connect with us

Colorado

Colorado Springs electronics manufacturer adding 100 jobs as part of company expansion

Published

on

Colorado Springs electronics manufacturer adding 100 jobs as part of company expansion


Spectrum Advanced Manufacturing Technologies, a longtime Colorado Springs electronics manufacturer whose products serve the aerospace and medical industries, the Department of Defense, NASA and other clients, plans to add at least 100 jobs averaging more than $85,000 a year as part of an expansion announced Tuesday by the company, business leaders and local and state government officials.

The company’s growth includes a 3,000-square-foot addition to its existing manufacturing plant northwest of Fillmore Street and Mark Dabling Boulevard on the Springs’ northwest side, along with construction of a 12,000-square-foot building at the site for manufacturing and assembly.

Spectrum’s expansion was announced at a news conference during the weeklong Space Symposium being held at The Broadmoor hotel in Colorado Springs; the annual gathering for the space and defense industries draws thousands of aerospace, military, cybersecurity, government, education and news media representatives from around the world.

Advertisement

“This expansion signifies a strategic response to the growing demand for Spectrum AMT’s expertise in high-reliability electronics manufacturing,” Jeff Gilbert, the company’s chief operating officer, said in a news release. “We are deeply committed to not only supporting critical industries like aerospace and defense but also contributing meaningfully to the advancement of technologies that shape the future, from space exploration and scientific discovery to addressing global medical challenges.”

Spectrum, which currently employs 54 people in Colorado, says it expects to create more than 100 net new jobs at an average annual wage of $85,407, which is 135% of the average annual wage in El Paso County, according to the news release. The positions will include marketing and sales, engineers, inspectors, accountants, production associates, administrative support and technicians.

In February, the Colorado Economic Development Commission, a state-appointed panel, approved up to $1.28 million in performance-based Job Growth Incentive Tax Credits for the company over eight years. To qualify for the credits, Spectrum must meet job creation and salary requirements spelled out in an agreement with the state.

Third-party vendor laying off 200 employees from Amazon facilities in Colorado

Receive a weekly roundup of business news around El Paso County.

Success! Thank you for subscribing to our newsletter.

Spectrum also considered Tulsa, Okla., for its expansion, the news release said.

“Colorado is a leader in advanced manufacturing, and Spectrum AMT will create over 100 new good-paying jobs in this important industry,” Gov. Jared Polis said in the release. “We are thrilled to see Spectrum AMT expand in Colorado Springs and this new investment will help Colorado remain the best place to live, work and do business.” 

The Colorado Springs Chamber of Commerce & EDC also facilitated a local incentive package with the city of Colorado Springs and El Paso County valued at $275,496, according to the news release.

“As a leader in medical, commercial, and defense technology, Spectrum’s expansion will bring with it a wave of exciting opportunities,” Colorado Springs Mayor Yemi Mobolade said in the release. “Their decision to expand here is a testament to our city’s skilled workforce and vibrant business environment. Furthermore, it showcases the incredible potential of Colorado Springs as a city for business retention, growth, and advancement.”

Advertisement


Colorado Springs rebounds to top 20 ranking in national report on economic performance

Spectrum was founded more than a quarter century ago; California-based Ocutrx Technologies purchased Spectrum a year ago and kept the company’s operation and employees in the Springs.

“Spectrum Advanced Manufacturing Technologies Inc. was founded in 1997 to provide quick-turn product development and manufacturing services to the aerospace, medical, industrial and commercial marketplaces,” according to the company’s LinkedIn page. “When a circuit board, assembly, or system cannot fail, Spectrum is the choice for prime manufacturers. We provide high-reliability electronic manufacturing for aerospace, spaceflight, military and enterprise, and have for over 25 years.”

Spectrum’s decision continues a string of job announcements in Colorado Springs over the past two years. More than 4,200, high-wage jobs have been announced for the area over that period by existing businesses or newcomers, who also plan to spend more than $2 billion on capital investments, Chamber & EDC officials have said.



Source link

Advertisement

Colorado

Colorado weather: Severe thunderstorm watch active for Eastern Plains

Published

on

Colorado weather: Severe thunderstorm watch active for Eastern Plains


Severe thunderstorms may bring tornadoes, hail the size of tennis balls and winds up to 70 mph to Colorado’s Eastern Plains on Saturday afternoon, National Weather Service forecasters said.





Source link

Advertisement
Continue Reading

Colorado

Attorney General Phil Weiser’s underdog campaign for Colorado governor

Published

on

Attorney General Phil Weiser’s underdog campaign for Colorado governor


Phil Weiser, 58, Colorado’s attorney general, is in a heated race against U.S. Sen. Michael Bennet, 61, for the Democratic nomination for governor. They are friends and share mostly similar progressive, Democratic policy views. Primary election day is June 30. Weiser first came to Colorado in 1994 and was a longtime professor and dean of […]



Source link

Continue Reading

Colorado

Congress looks to help fund new control tower at growing Northern Colorado airport

Published

on

Congress looks to help fund new control tower at growing Northern Colorado airport


As Weld County and Northern Colorado continue to grow, leaders at the Greeley-Weld County Airport are preparing for an expansion they say will position the facility as a major transportation and economic hub for the region.

Airport director Cooper Anderson said the airport has reached a point where additional growth on its current footprint is no longer possible.

“We have reached our capacity, here, as far as growth on the south side of the airport,” Anderson said.

The airport is now developing land northeast of its existing facilities to accommodate larger aircraft and future aviation services. 

Advertisement

“We needed to find a new area to expand and allow larger corporate jets, and eventual charters and commercial service down the road,” Anderson said.

CBS


Construction is already underway or completed on several infrastructure projects, including expanded taxiways and sites for future hangars. Anderson said the area being developed was farmland just a few years ago.

Advertisement

“It used to be corn fields, but since then we have ran water, sewage and gas is coming next week,” Anderson said.

The expansion effort has been supported by a combination of local and federal funding. Anderson noted that approximately $850,000 in federal funding was previously secured to develop a master design and long-term vision for the airport, with local money helping execute the plan. Additional federal tax dollars in recent years also helped fund taxiway expansion projects that have prepared the airport for future growth.

Now, Colorado leaders in congress are seeking millions more in federal funding to continue that momentum.

Rep. Gabe Evans, who represents Colorado’s 8th Congressional District, said the airport plays an important role in one of the nation’s busiest aviation corridors.

“The northern Front Range of Colorado is one of the densest airspace systems in the nation,” Evans said.

Advertisement

Before entering Congress, Evans served as a Black Hawk helicopter pilot out of Buckley Air Force Base and frequently flew throughout Northern Colorado. He said improvements at the Greeley airport would have benefits extending well beyond Weld County, noting other airports are overcrowded to the point of causing some nearby residents to complain of sound.

“It really does impact the entire Front Range,” Evans said.

Evans is working to secure additional federal funding that would help construct and staff an air traffic control tower in Greeley while supporting continued infrastructure improvements.

“When those bills are passed and sent to the president’s desk, writtten into those bills as a line item is several more million dollars to continue to expand the infrastructure at the Greeley airport,” Evans said. “So you can actually start to bring business flights into the Greeley airport and pull a lot of that traffic off of some of the overburdened airports in the metro area.”

greeley-airport-63pkg.jpg

Advertisement

CBS


Anderson said federal support demonstrates broad confidence in the airport’s future as a hub for business and travel.

“Having the addition of Congressman Evans’ office, and their congressional funding, I think shows how much everybody believes in this,” Anderson said.

That confidence is already attracting attention from the private sector, Anderson said, with major companies expressing interest in locating operations at the airport.

“Greeley’s population is booming. Weld County’s population in general is growing,” Anderson said.

Advertisement

Airport leaders view the expansion as a way to support economic development across the region.

“By us growing, and expanding our services, we are also helping the city of Greeley, Weld County and surrounding Northern Colorado communities and being able to grow economic opportunities for them,” Anderson said.

As the airport prepares for future growth, officials have also upgraded emergency response capabilities. The airport recently acquired two fire trucks that will improve its ability to respond to incidents involving larger aircraft. The vehicles also allow firefighters to use newer, non-toxic firefighting foam, replacing older products that posed environmental concerns.

Airport officials say those improvements will help ensure the facility can safely accommodate larger aircraft and increased traffic in the years ahead.

Advertisement



Source link

Continue Reading
Advertisement

Trending