Loss of big firms alarming in Colorado. State has small incentive budget. Speakers at an economic summit discuss problems with recruiting and holding on to large corporations.

Colorado’s inability to attract and retain large corporations is harming the state’s economic future, warned Kenneth Tuchman, chief executive and chairman of TeleTech Holdings.

"Colorado has a significant economic-development issue," Tuchman said. "We are seeing a net loss of corporate headquarters at an alarming rate."

Tuchman raised the issue Wednesday morning at the 2006 Rocky Mountain Economic Summit, a panel discussion sponsored by Microsoft and Accenture at the Donald R. Seawell Grand Ballroom in Denver.

Colorado is home to 10 Fortune 500 companies, two more than it had in 2004. During the same period, however, the state lost several headquarters companies.

By Aldo Svaldi
Denver Post Staff Writer

Full Story: http://www.denverpost.com/business/ci_3755539