Colorado has been chosen as the US headquarters for Japanese aerospace company ispace inc.



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A Japanese aerospace company that is developing a lander for deliveries to the moon has chosen Colorado for its US headquarters.

Governor Jared Polis said in a statement Monday that ispace inc. will open its office in the Denver area.

“Colorado is a recognized leader in the aerospace industry and one of the best places to live and start or run a business,” said Polis.

According to a report by the Metro Denver Economic Development Corp. , bringing to 198,220 direct and indirect jobs supported by the aerospace sector.

The industry contributes more than $ 15 billion a year to the state’s economy.

“Colorado’s vibrant aerospace ecosystem and abundance of talent aligns strongly with our aggressive hiring plan,” said ispace CEO Kyle Acierno.

In October, the Colorado Economic Development Commission approved a job growth incentive tax credit of up to $ 1.13 million for ispace. The new office is expected to employ 48 people over the next five years with an average salary of $ 118,333.

The company is also looking to build a factory to manufacture its landers, although it is uncertain whether this will be built near the US office.

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