Colorado: TC Modular, LLC Becomes First Rural Jump-Start Participant in Phillips County

PHILLIPS COUNTY ~ Phillips County, Colorado - In a move to boost economic development and job creation in rural areas, Governor Jared Polis and the Business Funding and Incentives (BF&I) division of the Colorado Office of Economic Development and International Trade (OEDIT) have announced that construction company TC Modular, LLC has joined the Rural Jump-Start program. This makes TC Modular the first business in Phillips County to be a part of this program, which aims to support Colorado's modular housing industry while creating new jobs.

Governor Polis expressed his excitement about welcoming TC Modular to Phillips County, stating that the company's presence will bring 35 new good-paying jobs to the area. He also emphasized the need for more housing in Colorado and how manufacturers like TC Modular can help increase the state's housing supply, allowing more people to live in their desired communities.

TC Modular plans to specialize in designing, fabricating, and delivering residential workforce and community housing. They will also offer custom modular configurations for commercial and hospitality partners. The company's initial focus will be on creating custom modular configurations for brand and property partners that can be easily set up at multiple locations.

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Jack Vea, Vice President of Finance at TC Modular, expressed his gratitude for being a part of Colorado's Rural Jump-Start Program. He stated that the company is committed to providing quality housing and commercial modular solutions with the support of the state.

The Rural Jump-Start program provides funding for regional economic and workforce development activities in economically distressed rural counties of Colorado. This funding aims to expand local businesses, create new jobs, and strengthen and diversify local economies. As part of this program, TC Modular will receive $15,000 in grant funding to support its operations as well as four years of tax benefits. Additionally, eligible employees will receive a state personal income tax credit while the company is in the program. Over the next four years, TC Modular plans to hire up to 35 new employees.

Eve Lieberman, Executive Director of OEDIT, highlighted the importance of the Rural Jump-Start program in expanding Colorado's housing supply. She stated that TC Modular's contribution to creating new jobs and housing units across the state will help grow an important industry while strengthening and diversifying the local economy.

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The Rural Jump-Start program works closely with sponsoring entities like Phillips County Economic Development to identify potential businesses in their communities and support their success in the program and the community. Abby Roll, a board member of Phillips County Economic Development, expressed her excitement about supporting TC Modular's growth through this program. She believes that as the first Rural Jump-Start participant in Phillips County, TC Modular's innovation will not only create new jobs but also support the growing modular construction industry.

For more information about the Rural Jump-Start program, interested parties can contact Quina Weber-Shirk at quina.webershirk@state.co.us. With TC Modular leading the way, it is hoped that more businesses will join this program and contribute to Colorado's economic growth and development.

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