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City staff recommend performance‑based sales‑tax rebates for ‘Project Chocolate’ expansion; council to consider consent placement
Summary
City economic‑development staff outlined a proposed incentive package for a company identified as Project Chocolate: a performance‑based sales and use tax rebate tied to equipment and construction purchases, with staff recommending a four‑year agreement and placement on the March 13 consent calendar.
Shauna Lippert, economic development manager for the City of Colorado Springs, told council staff recommend approving a performance‑based economic development agreement (EDA) for an employer identified in the briefing as “Project Chocolate,” and asked the council to place the item on the consent calendar for the city’s regular session on March 13.
Lippert described Project Chocolate as an international transportation‑technology company considering Colorado Springs as a new U.S. location. Staff said the company anticipates $1,270,000 in capital investment over eight years and plans to add…
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