Colorado aerospace company keeps major expansion in state after incentive award
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Ursa Major has chosen to keep its next expansion project in Colorado after state officials approved economic incentives connected to semiconductor and advanced-manufacturing activity.
The decision was discussed at a July 16, 2026, meeting of the Colorado Economic Development Commission. It keeps the company’s next planned expansion in the state, where Ursa Major already has operations in Berthoud and Weld County.
The confirmed development is a decision about a future expansion project. The available reporting does not provide the full value of Ursa Major’s incentive package or a projected job count for the project.
Existing Colorado operations
Ursa Major is headquartered in Berthoud. The company also operates a new facility on a 400-acre site in Galeton, a Weld County community.
Those existing operations provide the Colorado setting for the company’s decision to retain its next expansion in the state. The incentive action and the company’s choice were discussed together at the commission’s July 16 meeting.
State officials described keeping the project in Colorado as important to the state’s aerospace and defense profile. That assessment reflects the project’s place in Colorado’s broader aerospace and advanced-manufacturing economy, rather than a completed construction project or a reported operating milestone.
No specific investment total or employment figure is established in the available reporting. Those details matter in evaluating the scale of an incentive-backed expansion, but they should not be inferred from the company’s decision to remain in Colorado.
Incentives tied to advanced manufacturing
The Ursa Major decision came as the Colorado Economic Development Commission also awarded the last available tax credits in the state’s current program to attract semiconductor businesses. The commission action means the currently available credits in that program have been awarded.
Colorado’s incentives stem from legislation that established a state tax-credit system for semiconductor and advanced manufacturing. The program is therefore relevant both to efforts to attract semiconductor businesses and to the incentive environment surrounding Ursa Major’s planned Colorado expansion.
The two developments were addressed at the same July 16 commission meeting: Ursa Major’s decision to keep its next project in the state, and the award of the remaining credits in the current semiconductor-attraction program. The reporting does not establish that Ursa Major received all of those final credits, only that its expansion decision followed state incentive approvals tied to the relevant activity.
What is known next
For now, the clearest outcome is the location decision: Ursa Major’s next expansion project will remain in Colorado. The company’s Berthoud headquarters and 400-acre Galeton facility mean the decision concerns a company with an existing in-state footprint.
The available reporting does not identify a projected job count or disclose the full incentive value for Ursa Major. It also does not establish that the planned expansion has been completed or has begun operating. As a result, the project should be understood as a retained expansion opportunity, not as a finished facility.
The commission’s award of the final available tax credits is the other immediate milestone. Future public details about Ursa Major’s project, including its scale and employment expectations, would be needed to assess the expansion beyond the company’s confirmed decision to keep it in Colorado.
Sources
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