The Colorado Economic Development Commission Thursday approved an application from a provider of oil field equipment and services for up to $2.2 million in state tax credits in return for creating 249 jobs over a five-year period.
The U.S. subsidiary of PTI Group Inc., a Canadian company best known for building camps and providing services to workers in remote locations, is seeking the credits as it weighs whether to locate a manufacturing plant in Johnstown.
“The company is still doing its due diligence,” said Alice Kotrlik, the state’s deputy director of economic development.
Kotrlik emphasized that an approval from the commission doesn’t mean PTI will actually bring the proposed jobs to the state.
PTI officials did not respond to interview requests.
