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MegadealsSubsidy Tracker Individual Entry
Company: Entegris Inc.
Parent Company:
Entegris
Subsidy Source: multiple
Location: Colorado
City: Colorado Springs
County: El Paso
Address: 301 South Rockrimmon Blvd
Project Description: semiconductor manufacturing facility
Year: 2022
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductor components
Subsidy Value: $118,880,500
Subsidy Value in 2023 Dollars: $123,635,720
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Value of Exempted Property: $600,000,000
Source of Data: Subsidy details are from a December 20, 2022 Governor Polis' press release: "Advancing Colorado's Semiconductor Industry: Polis Administration Secures Entegris for Colorado Springs Expansion,"
(click here).
Notes: The subsidy package includes local and state incentives. $115 million came from Colorado Springs' Urban Renewal District and Deal Closing Fund, and through Colorado Springs Utilities unspecified refunds. The Colorado Economic Development Commission also approved up to $3,880,500 in performance-based Strategic Fund grants paid over a 5-year period and equal to $6,500 per new job. The project is in an Enterprise Zone, meaning it will receive additional state and local tax breaks, which value was not estimated (Colorado discloses EZ recipients annually so Entegris Inc. EZ subsidy values will be available in future years). Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.