Pueblo Urban Renewal Authority

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Vestas Project

 

 

Beyond excitement was the reaction of Puebloans when they first learned Vestas was interested in settling inPueblo.  But it would take more than ten years for the windmill turbine manufacturing company to commit to making Pueblo its new home.  The cooperative effort of the Pueblo Economic Development Corporation Office (PEDCO), the City of Pueblo, the County of Pueblo, and PURA made it happen.

 

The first step in negotiations required PURA to make St. Charles Mesa a project area.  Once it was approved for development, the City, County, PEDCO and PURA put their heads togoether to build a package that Vestas couldn’t refuse.  PURA’s contribution meant pledging $12.5 million in future property tax financing for the company,  created more than 500 high-paying jobs for Pueblo.  The other three entities also stepped up and offered their own attractive incentives.  By June 2009, Vestas signed the joint agreeement with an opening date of October 2009. 

 

For more information about Vestas, please visit their website at www.vestas.com