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The CHIPS Zone is part of a broader federal and state effort to revitalize and expand the U.S. semiconductor industry, critical for maintaining technological leadership and economic security. This initiative aligns with the CHIPS Act’s goals, which provide significant federal funding and incentives for semiconductor manufacturing, research, and development.
Longmont’s designation as a CHIPS Zone signifies its strategic importance in the semiconductor value chain and positions it as a key player in the national effort to strengthen domestic chip production and innovation. The zone offers a blend of state tax credits, infrastructure support, and collaborative opportunities designed to attract semiconductor companies and enhance their competitiveness.
The CHIPS Zone in Longmont offers semiconductor companies state income tax credits, making Longmont an attractive destination for business growth and investment. This designation also enables local firms to access significant federal incentives, fostering a competitive and innovative business environment. By facilitating collaborations among businesses, academic institutions, and government entities, the CHIPS Zone aims to spur advancements in semiconductor manufacturing and workforce development, ensuring Longmont’s pivotal role in strengthening the domestic semiconductor production and innovation landscape.
The State of Colorado offers additional information about the CHIPS Zone and its associated incentives.
Longmont Economic Development Partnership has put together a one-page fact sheet to read and reference as you explore the CHIPS Zone.
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