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Area Development - Site Selection, Facility Planning and Workforce Development

Spectrum Advanced Manufacturing Technologies Expands Colorado Springs, Colorado, Operations

04/11/2024
Spectrum Advanced Manufacturing Technologies, a driving force in ISO 9000 precision electronics and assemblies manufacturing, plans toe expand its operations in Colorado Springs, Colorado. The project is expected to create more than 100 jobs.

The investment will include two new buildings at the company’s existing campus.

"This expansion signifies a strategic response to the growing demand for Spectrum AMT's expertise in high-reliability electronics manufacturing and assembly," said Jeff Gilbert, Spectrum Chief Operating Officer. "We are deeply appreciative of our partnership with 5Star Bank and remain firmly committed to not only supporting critical industries like aerospace and defense but also contributing meaningfully to the advancement of technologies that shape the future, from space exploration and scientific discovery to addressing global medical challenges. We are proud to be part of a Colorado ecosystem that fosters innovation and economic growth, and we are excited to continue playing a vital role in Colorado Springs. This community has been instrumental in our beginning and continued success."

Ocutrx and Spectrum AMT received unanimous approval from the Colorado Economic Development Commission Job Growth Incentive Tax Credits. The approval allocates $1,281,974 over eight years for the creation of up to 101 net new jobs.

"Colorado is a leader in advanced manufacturing, and Spectrum AMT will create over 100 new good-paying jobs in this important industry. We are thrilled to see Spectrum AMT expand in Colorado Springs and this new investment will help Colorado remain the best place to live, work and do business," noted Governor Jared Polis.

Spectrum AMT is owned by Ocutrx Technologies, Inc. the developer of the AR/XR medical device headsets: OcuLenz (for patients) and the ORLenz (for surgeons).

“Colorado Springs is recognized around the world for our talented workforce, cutting-edge technology, and quality of life, which supports business innovation and growth,” added Johnna Reeder Kleymeyer, president and CEO of Colorado Springs Chamber & EDC. “Spectrum AMT will bring hundreds of well-paying, high-tech manufacturing jobs to our region, boosting our local businesses and the economy, supporting national security missions, and solidifying the Pikes Peak region’s competitive standing as a sought-after place to live, work, and play.”

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