PUEBLO – TTCI, the Pueblo Economic Development Corporation, City of Pueblo and Pueblo County announced a local incentive package to assist TTCI in locating to a new facility in Pueblo. TTCI, a wholly-owned subsidiary of the Association of American Railroads, was established in 1998 to support the development and deployment of innovative technologies to increase the safety, reliability, and efficiency of the railroad industry. The success of TTCI is a huge credit to its employees. TTCI’s staff consists of over 300 professionals, including mechanical engineers, civil engineers, industrial engineers, electrical engineers, metallurgists, operations staff, hazardous material training experts, and other specialists, with doctorate, master, and bachelor level degrees.
The introduction of an updated engineering and laboratory facility allows for TTCI to continue to fulfill its critical role as a world-renowned expert in rail engineering, research, testing, training, consulting, software, and AAR technical services.
“We’re laying the cornerstone for the next chapter of TTCI and rail innovation right here in Pueblo,” said TTCI President Lisa Stabler. “This new partnership represents our commitment to serving our rail customers, maintaining our employees’ quality of life and contributing to this community long into the future.”
TTCI, the Pueblo Economic Development Corporation, City of Pueblo and Pueblo County made the announcement on April 26, 2021 @ 4:00 PM at The Center for American Values, 101 S. Main St, Pueblo, CO 81003. Details of the incentive package include:
- TTCI would move its headquarters to two current facilities at the Pueblo Memorial Industrial Park (350 and 442 Keeler Parkway).
- TTCI would maintain 195 full time employees at an average pre-benefit wage of $73,333 per year
- Up to $4,293,180 in rent abatement from the City of Pueblo’s half cent fund for economic development (contingent on approval from the Pueblo City Council).
“PEDCO is honored to help TTCI with this important decision for both TTCI and Pueblo. We are proud of our rail industry and are confident in the future success of TTCI in Pueblo,” said Jeff Shaw, President and CEO of PEDCO. “TTCI is the global leader in rail research, testing and development. We have been honored to have TTCI operating in Pueblo and are proud to have secured a new home for TTCI in Pueblo,” said Jeff Shaw. “Pueblo has a proud history in the rail industry. I’m delighted that TTCI continues its journey to embrace innovation and technology in our community that will undoubtedly set the course for the industry for many years to come. On behalf of PEDCO, thank you for your continued trust and partnership.” said Ashley Valdez, Chairwomen of the Board of PEDCO.
About PEDCO: The Pueblo Economic Development Corporation (PEDCO) is a member supported non-profit organization whose mission is to attract, retain and expand primary jobs. PEDCO works with city, county, state and community organizations to coordinate available resources for economic development.