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NORTH METRO ENTERPRISE ZONE


WHAT IS THE ENTERPRISE ZONE?

A state funded program that was created to promote a business friendly environment in economically distressed areas by offering state income tax credits that incentivize businesses to locate and develop in, and non-profit organizations to assist with the needs of these communities.


MAJOR BENEFITS

Enterprise Zone tax credits can have a significant impact, from $1,000 to $500,000.  The following incentives can be earned by businesses located in the Enterprise Zone for the tax year beginning 1/1/2016 and after:

Business Income Tax Credits
  • Investment Tax Credit | 3% of equipment purchases | more info
  • Commercial Vehicle Investment Tax Credit | 1.5% of commercial vehicle purchases | more info
  • Job Training Tax Credit | 12% of qualified training expenses | more info
  • New Employee Tax Credit | $1,100 per new job
  • Agriculture Processor New Employee Tax Credit | $500 per new job
  • Employer Sponsored Health Insurance Credit | $1,000 per covered employee
  • R&D Increase Tax Credit | 3% of increased R&D expenditures | more info
  • Vacant Building Rehabilitation Tax Credit | 25% of rehab expenditures (hard costs) | more info

Additional EZ Incentives
  • Manufacturing/Mining Sales and Use Tax Exemptions | Expanded S&U tax exemption in EZ | more info
  • Contribution Tax Credit | 25% cash / 12.5% in-kind on contributions to EZ projects | more info

Click here to learn more about these incentives.


ARE YOU IN THE NORTH METRO ENTERPRISE ZONE?

Click here to view the Colorado Enterprise Zone Map and enter your address to find out if your business is located in the Enterprise Zone and qualifies for these tax credits starting in 2016.

Longmont Enterprise Zone Map (click to enlarge)


PRE-CERTIFICATION IS REQUIRED

Each income tax year, a business located in the Enterprise Zone must apply and must be Pre-Certified prior to beginning an activity to earn any of the business tax credits listed.  At the end of the income tax year, a business must Certify that the activities were performed.  Pre-Certification and Certification are easily applied for online.
 

Pre-Certify HERE

Longmont Economic Development Partnership
630 15th Avenue, Suite 100A
Longmont, CO 80501
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