NEWS RELEASE
COLORADO OFFICE OF ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE
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The Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) has named Dan Salvetti as semiconductor industry manager.
This new role will support the continued growth of Colorado’s semiconductor industry and play a key role in implementing new OEDIT programming to aid Colorado companies in benefiting from the federal CHIPS and Science Act.
“Today’s announcement marks an important step for Colorado’s Advanced Industries sector and Semiconductor ecosystem,” said Michelle Hadwiger, director of Global Business Development. “Dan’s role will be instrumental in bringing federal funds into the state from the once-in-a-generation opportunity that is the CHIPS and Science Act. This work will be crucial in advancing the state’s position as a global technology leader and will catalyze growth across all segments of Colorado’s strong and diverse semiconductor value chain. We are excited to have Dan as our semiconductor industry manager and know that his efforts will spur investment, create jobs, and bring economic prosperity to our state.”
Salvetti first joined OEDIT in February 2018 as a member of the Strategy and Analytics team, where he provided analytical support to meet Colorado’s data-driven economic development goals.
This work included collecting, organizing, and analyzing data to support a variety of outcomes, including bringing companies to the state, supporting businesses during the pandemic, and providing funding and support for expansion, among others. His efforts were a significant contributor to the job growth that OEDIT’s programming supported throughout the last five years.
As semiconductor industry manager, Salvetti will advise business and state leaders on the development of the semiconductor industry and federal funding opportunities through the CHIPS and Science Act, the Inflation Reduction Act and the Infrastructure Investment and Jobs Act. His work will include implementation of the Advanced Industry and Semiconductor Manufacturing Incentives (HB23-1260) legislation.
The bill expands Colorado incentive tools to allow for $15 million in refundable tax credits each year for the next five years to companies in the semiconductor value chain and advanced manufacturing, with priority for those seeking to leverage federal funding available through the CHIPS and Science Act, American Rescue Plan (ARPA), and other federal programs.
It also provides a process for the creation of CHIPS Zones, in which qualified entities can access three existing Enterprise Zone income tax credits. By raising the visibility of Colorado’s semiconductor and advanced industries, Salvetti will also support collaborative efforts across the state to secure Colorado’s designation as a Tech Hub by the Economic Development Administration (EDA).
“The CHIPS Act is groundbreaking legislation as it now provides the U.S. the ability to compete on a global scale in the manufacturing of semiconductors,” said Salvetti. “I am honored for the opportunity to support an industry that is truly fundamental to modern life and will enable the future of our society. Colorado is an integral piece of the global semiconductor ecosystem and will see tremendous growth in the coming years, bringing high paying jobs to our residents.”
Prior to joining OEDIT, Salvetti served as an economist in the Standards Evaluation and Analysis Division at the U.S. Coast Guard Headquarters in Washington D.C. for nearly five years.
He is an alumnus of Northeastern University in Boston where he holds an MA in Economics. Prior to moving to Colorado, Dan and his wife road tripped through the American West for several months on an adventure that took them through dozens of state and national parks. He now enjoys getting outdoors with his wife, daughter and dog. Salvetti’s promotion to semiconductor industry manager took place in May 2023.
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of governor Jared Polis, we strive to advance the state’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado.
OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing and Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV and Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.
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