Tax Credits

Facility, Equipment & Workforce Development Incentives

Businesses based in Southeast Colorado are eligible for a number of State-administered incentives. Most companies in the six-county area qualify for Enhanced Rural Enterprise Zone Tax Credits, which include credits for new hires, equipment purchases, research and development expenses, facility rehabilitation and job training.

Businesses can also take advantage of Colorado First & Existing Industry Job Training Assistance to create and fund specialized workforce training programs.

Tax-Credits

 

Enhanced Rural Enterprise Zone Tax Credits

Investment Tax Credit
Job Training Credit
New Jobs Credit
Employer-Sponsored Health Insurance Credit
Agricultural Processing New Jobs Credit
Research & Development Credit
Vacant Building Rehabilitation Credit
3% of qualified equipment purchases
10% of qualified job training costs
$2,500 per new job
$200 per new job
$3,500 per new job
3% of increase in qualified expenses
5% of qualified expenses
($50,000 annual maximum)
Private Contribution Credits
Enterprise Zone Administration & Marketing
Business Assistance Programs
Community Development Programs
Homeless Shelters Programs
Job Training
Public Infrastructure Improvements
25% cash & 12.5% in-kind
Expanded Sales & Use Tax Exemption 2.9% on qualified manufacturing & mining machinery, materials & tools
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