Resources
Click here for more detailed information on Enterprise or Rural Enterprise Zone Tax Credits.
Contact your local economic development office for more detailed information on programs, tax credits and abatements, including enterprise zone credits, manufacturing revenue bonds, private activity bonds and state sales tax exemptions.
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.
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 |