COLORADO ENTERPRISE ZONE

WHAT IS THE COLORADO 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 $750,000. The following incentives can be earned by business located in the Enterprise Zone.

Business Income Tax Credits
  • Investment Tax Credit | 3% of depreciable equipment purchases
  • Commercial Vehicle Investment Tax Credit | 1.5% of commercial vehicle purchase
  • Job Training Tax Credit | 12% of qualified training expenses
  • New Employee Tax Credit | $1,100 per new job
  • Agriculture Processor New Employee Tax Credit | $2,000 per new job
  • Employer Sponsored Health Insurance Credit | $1,000 per covered employee
  • R&D Increase Tax Credit | 3% of increased R&D expenditures 
  • Vacant Building Rehabilitation Tax Credit | 25% of rehab expenditures (hard costs)
Additional EZ Incentives
  • Manufacturing/Mining Sales and Use Tax Exemptions | Expanded S&U tax exemption in EZ
  • Contribution Tax Credit | 25% cash / 12.5% in-kind on contributions to EZ projects
PRE-CERTIFICATION IS REQUIRED

Each income tax year, a business located in the Colorado 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 and are required annually.

PRE-CERTIFY HERE
ARE YOU IN THE NORTH METRO ENTERPRISE ZONE?

Enter your address to find out if your business is located in the Enterprise Zone and qualifies for these tax credits.

Learn More

The State of Colorado offers additional information about the Enterprise Zone program and its associated incentives.

Click Here

Read More

Longmont Economic Development Partnership has put together a one-page fact sheet to read and reference as you explore the Enterprise Zone program.

Click Here

VIEW GUIDE

For help with Enterprise Zone Tax Credits, check out this helpful guide

Click Here

For more information about the North Metro Enterprise Zone, contact North Metro EZ administrator Longmont Economic Development Partnership by email at [email protected] or by phone at 303-651-0128.

Don’t miss out on updates!

Sign up for our newsletter to get updates on jobs, events, and housing options.

    © 2024 Longmont Economic Development Partnership. All rights reserved.