- Associated Press - Wednesday, December 17, 2014

DENVER (AP) - Lockheed Martin Space Systems will receive nearly $17 million in tax rebates from Jefferson County over 15 years in exchange for a pledge to create 850 high-paying jobs at its Waterton Canyon facility.

The Denver Post reports (https://dpo.st/1J620x5 ) county commissioners approved the business personal property tax rebates Tuesday.

Lockheed is the county’s largest private-sector employer and has been an economic force in the area for more than 60 years.

The incentive is in addition to one approved in September by the Colorado Office of Economic Development. That deal exchanged up to $15.5 million in state job-growth tax incentives for 500 jobs.

The county’s incentive adds 350 jobs to that number.



The new jobs are part of Lockheed’s Commercial Space division, which opened its operation center in Jefferson County in October.

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Information from: The Denver Post, https://www.denverpost.com

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