COLORADO SPRINGS ~ Colorado Springs was abuzz with excitement today as Governor Polis, along with representatives from the White House Office of Science and Technology Policy, US Department of Commerce, and Colorado Springs Mayor Mobolade, gathered to celebrate a major funding announcement. Entegris, a Colorado Springs-based company, has been awarded $75 million in CHIPS and Science Act funding. This significant investment is expected to create new jobs and solidify Colorado's position as a leading Microchip Manufacturing Hub.

The event was attended by various government officials and industry leaders who praised the funding as a crucial step towards strengthening the state's manufacturing and technology industries. Governor Polis highlighted the importance of onshoring microchip manufacturing for national security and economic growth. He also commended the Biden Administration for their historic investments in this sector, which are making America and Colorado more competitive.

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This funding comes as a result of Entegris' plans to expand its operations in Colorado Springs, which were first announced in 2022. The company is expected to create nearly 600 net new jobs through this expansion. The project received support from various entities, including the Strategic Fund Job Growth Incentive approved by the Colorado Economic Development Commission. Additionally, incentives from the City of Colorado Springs and El Paso County played a crucial role in qualifying Entegris for the federal funding.

Governor Polis expressed his enthusiasm for this development, stating that it will not only bring good-paying jobs to Colorado Springs but also contribute to the state's overall economic growth. He also reaffirmed his commitment to making Colorado the best state for businesses and workers as they prepare for future industries.

The $75 million in federal funding is seen as a major win for both Entegris and Colorado Springs. It not only supports their expansion plans but also solidifies their position as leaders in microchip manufacturing. With this investment, both entities are well-positioned to thrive in an increasingly competitive global market.

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