Why Are Companies Investing in Pueblo, CO?
Skilled workforce and ample resources make this Colorado region a global destination.
Ease of logistics, a skilled workforce, natural resources including an ample supply of water and a get-it-done attitude are some of the reasons Pueblo, CO, is a destination for businesses across the country and around the world.
“We’re seeing the kind of growth in Pueblo that we’ve been talking about for years,” says Jeff Shaw, president and CEO of the Pueblo Economic Development Corp. (PEDCO).
The decision by the Transportation Technology Center Inc. (TTCI) to establish a new engineering and laboratory facility in Pueblo is one example. PEDCO and city and county officials worked closely with TTCI.
TTCI, a wholly owned subsidiary of the Association of American Railroads, was established in 1998 to support development and deployment of innovative technologies to increase the safety, reliability and efficiency of the railroad industry.
“We’re laying the cornerstone for the next chapter of TTCI and rail innovation right here in Pueblo,” says TTCI President Lisa Stabler. “This new partnership represents our commitment to serving our rail customers, maintaining our employees’ quality of life and contributing to this community long into the future.”
Pueblo is attracting foreign direct investment (FDI) by international companies, as well. For example, South Korea-based CS Wind recently took ownership of the world’s largest wind tower manufacturing facility.
CS Wind purchased the Pueblo facility from Vestas, a company based in Denmark, and has plans for expansion. “Pueblo is attracting a tremendous amount of FDI,” Shaw says.
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