An Enterprise Zone is defined as an economically lagging area of Colorado in which special tax incentives are offered to businesses that expand or locate in the zone. More information can be found through the Department of Revenue at www.taxcolorado.com. The purpose of the tax incentives is to encourage economic development in the zone. There are ten tax credits or exemptions which may be taken by businesses located within a zone, including:
There are currently 16 Colorado enterprise zones, 13 of which have subzone administrators. An individual zone may include all of several counties in rural areas or small portions of a single county in urban areas. The exact boundaries of a zone and the certification of a qualified business with an enterprise zone are determined by the local administrators. Businesses should contact their local administrator or the State Enterprise Zone Administrator for more information. Check for updated phone numbers and links to local enterprise zone websites on the Office of Economic Development’s enterprise zone website at www.advancecolorado.com.
Colorado Business Development Foundation
info@coloradobdf.org
www.coloradobdf.org
Small Business Navigator Hotline: 303-592-5920
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