PEDCO
PEDCO is a member-supported non-profit founded in 1981 that serves as the single point of contact for companies and site selectors considering relocation, expansion, or new establishment in Pueblo County, Colorado, administering the voter-approved half-cent economic development sales tax.
- Company typePrivate
- Founded1981
- HeadquartersPueblo, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What PEDCO does
PEDCO (Pueblo Economic Development Corporation) is a member-supported non-profit economic development organization founded in 1981 and headquartered in Pueblo, Colorado, serving as the primary single point of contact for companies and site selectors evaluating relocation, expansion, or new establishment in Pueblo County. Its core activities include business attraction and retention, customized incentive negotiation, site identification, permitting coordination, and workforce development support, delivered through direct field engagement rather than a software platform. PEDCO administers the voter-approved half-cent sales tax for economic development (in place since 1984), which uniquely positions Pueblo as the only Colorado community offering cash incentives for business expansion or relocation, and pairs it with co-funding from the Pueblo Urban Renewal Authority (e.g., Tax Increment Financing) and the Colorado Office of Economic Development and International Trade (OEDIT).
The organization does not sell products or technology. Its value proposition is built on Pueblo's geographic assets (BNSF/UP rail junction, Interstate 25, three airports, 500-mile radius serving 20 million customers), abundant low-cost water, three city-controlled industrial parks with lease-to-purchase options, and a workforce ranked top 10 nationally for development programs. Customers are prospective and existing primary employers across 25+ sectors, including aerospace and defense (United Launch Alliance, CAE), manufacturing (EVRAZ, Vestas/CS Wind, Coronado Stone, pewag), food and beverage (Mission Foods, Russ Davis Wholesale), rail (Rocla Concrete Tie/Vossloh), construction manufacturing (Trussworks), hemp processing (Thar Extracts), and healthcare (ActivArmor).
PEDCO's revenue model combines recurring membership dues from businesses and organizations with allocations from the half-cent sales tax fund. Services to relocating or expanding companies are provided at no charge, and qualifying firms can access cash incentives, infrastructure assistance, and up to $800 per primary job in training funds through partnerships with CSU Pueblo, Pueblo Community College, Pueblo Corporate College, and the Pueblo Workforce Center. Per the 2022 Summit Economics study, PEDCO-assisted companies accounted for 7,570 direct primary jobs, $65,850 average annual income including benefits, 12,190 total jobs including indirect/induced effects, and 19% of Pueblo's GDP. A leadership transition is underway with President & CEO Jeff Shaw's resignation effective June 14, 2026.
PEDCO firmographics
Firmographics- Name
- PEDCO
- Legal name
- Pueblo Economic Development Corporation
- Website
- https://pedco.org
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PEDCO is a member-supported non-profit founded in 1981 that serves as the single point of contact for companies and site selectors considering relocation, expansion, or new establishment in Pueblo County, Colorado, administering the voter-approved half-cent economic development sales tax.
- Ownership category
- akta.pro rank
Where PEDCO is headquartered
LocationHeadquarters
- HQ city
- Pueblo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PEDCO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Membership Fees: PEDCO is a member-supported non-profit organization. The majority of operations are funded through membership dollars from businesses and organizations committed to strengthening Pueblo County's economy. Members receive inside information through member communications and quarterly membership meetings, access to news and trends in economic development.
- Half-Cent Sales Tax Fund: In 1984, Pueblo's citizens voted to tax themselves to support economic development, maintaining a half-cent sales tax. PEDCO uses this money for economic development incentives, funding certain capital projects and equipment purchases for new and expanding businesses.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
PEDCO product offering
Product offeringCore offering
PEDCO serves as a single point of contact for companies and site selectors considering the Pueblo, Colorado area. The nonprofit organization recruits, retains, and expands primary employers by coordinating site visits, negotiating cash incentives funded through the half-cent sales tax, facilitating workforce training partnerships, and streamlining permitting across city, county, and state agencies.
Product overview
PEDCO (Pueblo Economic Development Corporation) is a member-supported non-profit organization that provides economic development services focused on attracting, retaining, and expanding primary jobs in Pueblo County, Colorado. The organization does not offer traditional technology products but instead provides economic development services including business recruitment, incentive negotiation, workforce development support, property identification, and permitting assistance. Services are delivered through direct consulting engagements rather than a software platform architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Attraction Services
- Business Retention and Expansion Services
- Incentive Negotiation Services
- Workforce Training Support
- Site Selection and Property Services
Quantifiable outcome
- 7,570 direct jobs created/assisted in 2022
- +4 more outcomes
Companies that use PEDCO
Customer profileNamed customers12 records
Segments8 records
Ideal customer profiles3 records
PEDCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PEDCO partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, flagship and major.
- PuebloPlexcoreCollaboration through the Colorado CHIPS Community Support Program. While PEDCO received a $50,000 Market Study Grant for semiconductor and advanced industry analysis, PuebloPlex received a companion Marketing Grant. Together these efforts evaluate and promote Pueblo's potential in the advanced industry sector, including collaboration on infrastructure, workforce, industrial sites, and community readiness.
- Metro Denver Economic Development Corporation (EDC)flagshipGroundbreaking alliance to drive economic prosperity across Colorado's Front Range. The partnership leverages Pueblo's strengths in high tech, advanced manufacturing, critical steel production, and outdoor recreation to attract business in the region. Formalized through a memorandum of understanding (MoU) emphasizing mutually coordinated efforts to unlock economic opportunity. Metro Denver EDC represents communities across 12 counties and nearly 130 communities, serving over 80% of Colorado's population and GDP.
- City of PueblocorePEDCO works closely with the City of Pueblo to coordinate available resources for economic development. City Council has authority to approve incentive use under the Half-Cent Sales Tax Incentive Ordinance. City provides half-cent fund for economic development for land, building, equipment, and employee training.
- Pueblo CountycorePEDCO coordinates with Pueblo County on economic development initiatives, including joint incentive packages with the Pueblo Urban Renewal Authority for major projects.
- Colorado State University PueblocorePartnership for workforce training programs. CSU Pueblo provides educational support for primary job training, with up to $800 per job in training funds available through partnership with the university.
- Pueblo Community CollegecorePartnership for workforce training programs and customized education. PCC partners with incoming businesses to offer training and has programs emphasizing food preparation, production, construction, and aerospace-related skills.
- Pueblo Corporate CollegecorePartnership for workforce training programs at Pueblo Community College, providing customized training for incoming and expanding businesses.
- Pueblo Workforce CentercorePartnership for connecting companies with workforce recruitment, training, and retention resources. Part of the network connecting plant managers and HR teams to talent solutions.
- Pueblo Urban Renewal AuthoritymajorJoint incentive packages with Tax Increment Financing for major projects. Example: $75M+ TIF estimated for EVRAZ rail mill project.
- Governor's Office of Economic Development and International Trade (OEDIT)majorColorado state economic development office. Endorses the Metro Denver Code of Ethics regional charter and supports Front Range cooperation. Leads Colorado CHIPS Community Support Program.
- PSC GroupmajorJoint venture partner with Thar Process for the hemp processing facility. PSC Group based in Denver serves as genetics partner working with farmers throughout the West to bring Certified seed into the Certified facility.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
PEDCO competitors and assessment
Company assessmentDirect peers
- Metro Denver Economic Development Corporation: Regional EDC serving the 12-county Denver metro area and Colorado's Front Range. PEDCO formalized an MoU with Metro Denver EDC in 2025 to coordinate economic development efforts, making it the closest operating peer in terms of mission, customer base, and Colorado market.
- Greater Phoenix Economic Council (GPEC): Public-private regional economic development organization focused on business attraction, retention, and expansion in Greater Phoenix. Mirrors PEDCO's single-point-of-contact site-selection model and sector-based industry targeting for primary employers.
- Greater Houston Partnership: One of the largest regional EDCs in the U.S., serving the Houston region with business recruitment, retention, and workforce development services. Comparable in operating model and member-supported funding structure, though far larger in scale and resources.
- Colorado Springs Chamber & EDC: Combined chamber and economic development organization serving the Colorado Springs region. Comparable in mission, regional scope within Colorado, and emphasis on aerospace/defense and manufacturing attraction.
- Quad Cities Chamber: Combined chamber and EDC serving the Quad Cities bi-state region with business attraction, retention, and workforce programs. Comparable in mid-market scale, manufacturing heritage, and reliance on a regional sales-tax or member-based funding mechanism.
- Greater Cleveland Partnership: Cleveland's metropolitan chamber and economic development organization providing site selection, incentive packaging, and workforce support. Comparable in legacy-manufacturing market and reliance on a single regional constituency.
- Greater Austin Chamber of Commerce: Austin region's economic development and chamber body, providing site-selection, incentive, and workforce coordination services to relocating and expanding employers. Comparable single-point-of-contact delivery model.
- Greater Omaha Chamber: Omaha-area chamber and EDC focused on business attraction and expansion in a mid-sized Midwestern metro. Comparable member-supported governance and focus on advanced manufacturing, food processing, and logistics—sectors PEDCO also targets.
- Kansas City Area Development Council (KCADC): Regional EDC representing the Kansas City bi-state metro. Comparable in being a public-private partnership focused on primary-job attraction, with strong rail/logistics and manufacturing orientation similar to Pueblo's positioning.
- Lansing Economic Area Partnership (LEAP): Michigan-based regional EDC supporting business attraction, retention, and expansion in the Lansing region. Comparable in size, member-supported structure, and emphasis on advanced manufacturing and workforce development.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
PEDCO social profiles
Digital presencePEDCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
PEDCO leadership team
Management profileNumber of profiles
Profiles2 records
PEDCO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PEDCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PEDCO
What does PEDCO do?
PEDCO serves as a single point of contact for companies and site selectors considering the Pueblo, Colorado area. The nonprofit organization recruits, retains, and expands primary employers by coordinating site visits, negotiating cash incentives funded through the half-cent sales tax, facilitating workforce training partnerships, and streamlining permitting across city, county, and state agencies.
Is PEDCO a public or private company?
PEDCO is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was PEDCO founded?
PEDCO was founded in 1981. It employs 1 to 10 people.
Where is PEDCO based?
PEDCO is headquartered in Pueblo, United States, in the North America region.
How does PEDCO make money?
Two revenue lines are on record. Membership Fees are the primary driver. The others are half-Cent Sales Tax Fund.
Who are PEDCO's main competitors?
Direct peers on record are Metro Denver Economic Development Corporation, Greater Phoenix Economic Council (GPEC), Greater Houston Partnership, Colorado Springs Chamber & EDC, Quad Cities Chamber, Greater Cleveland Partnership, Greater Austin Chamber of Commerce, Greater Omaha Chamber, Kansas City Area Development Council (KCADC) and Lansing Economic Area Partnership (LEAP).
Does PEDCO have an API?
No public API is recorded for PEDCO.