Bennet Welcomes Nearly $209 Million in Federal Funding for Colorado

Funding Includes Grants from CHIPS and Science Act and DOT’s RAISE Grant Program

Denver — In case you missed it, Colorado U.S. Senator Michael Bennet welcomed nearly $209 million in federal funding for Colorado over the past ten days. This funding includes the following investments: 

$75 million to Entegris

CHIPS and Science Act

Entegris, a company that creates critical tools used in semiconductor manufacturing, will receive up to $75 million from the bipartisan CHIPS and Science Act. This funding will support their expansion in Colorado Springs and create hundreds of high-paying jobs.

$63 million to Colorado infrastructure projects

U.S. Department of Transportation’s (DOT) Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant program

As part of $1.5 billion in RAISE grants awarded nationwide through the Bipartisan Infrastructure Law, $63 million will support six infrastructure projects across Colorado. See the full list of projects HERE

$48 million for Colorado counties

U.S. Department of the Interior (DOI)’s Payment in Lieu of Taxes (PILT) 

56 Colorado counties will receive nearly $48 million from DOI’s PILT, which provides payments for tax-exempt federal lands administered through DOI bureaus. This funding will help provide essential services for Colorado counties, including law enforcement, education, search and rescue, and more.

$20 million for new quantum lab at the University of Colorado Boulder

U.S. National Science Foundation (NSF)

A $20 million award from NSF will support the construction of a new research facility at the University of Colorado Boulder to accelerate the development of critical quantum technology. 

$3 million to rural Colorado small businesses and agricultural producers

U.S. Department of Agriculture (USDA) Rural Energy for America Program (REAP)

Nearly $3 million in funding from USDA’s REAP program will benefit 11 small businesses, family farms, and ranches to help Coloradans deploy clean energy.