Breckenridge Texan

The Breckenridge Economic Development Corporation recently approved a $150,000-incentive package aimed at strengthening the future of R.E. Dye Manufacturing, a legacy business serving key aerospace clients such as Bell Helicopter, Subaru Helicopter, and Air Tractor.

After company CEO Jimmy Dye died last year, ownership transitioned to his son Coby Dye. Under Coby’s leadership, the 106-year-old company, which was founded by his great-uncle R.E. Dye, is undergoing significant restructuring to improve operational efficiency and financial performance. Coby Dye is committed to keeping R.E. Dye Manufacturing — and its workforce — in Breckenridge, according to a news release from the BEDC.

The approved BEDC incentive includes $150,000 in Cash-for-Jobs Incentives to support the company’s modernization efforts and adoption of advanced machining technologies, enhancing profitability and ensuring long-term sustainability.

“This is more than an investment in a company — it’s an investment in Breckenridge jobs, skilled trades, and our community’s economic future,” said Michael Paris, CEO and executive director of the Breckenridge EDC. “Coby’s commitment to innovation and remaining competitive in Breckenridge aligns with the BEDC’s mission to retain and grow local industry.”

The $150,000 support package reflects an investment of approximately $3,261 per job retained or created and is expected to bolster R.E. Dye’s competitiveness in the precision manufacturing sector.

For more information about the BEDC and its business retention and expansion efforts, visit brecktxedc.com.

Cutline, top photo: Breckenridge business R.E. Dye, which was founded in 1919 by Robert Edward (R.E.) Dye, is located at 207 W. Williams St. in downtown Breckenridge. The company recently received an incentive package from the Breckenridge Economic Development Corporation. (Photo by Tony Pilkington/Breckenridge Texan)