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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 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 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. 

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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 »

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The Advance Longmont Center
1925 Pike Road, Suite 202
Longmont, CO 80501

(303) 651-0128
longmontedp@longmont.org

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Map of the United States showing corporate income tax percentages in each state
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Price to income ratio chart showing Longmont's income ratio starting below 3 and rising to almost 5 between 2012 and 2018

Rigid Bits

“Longmont has been my home off and on since I moved to Colorado more than 12 years ago. I fell in love with the community and in 2015 decided to make it my permanent home. Because of the strong ties with the community, there was no question when I founded Rigid Bits in 2017 that it is where we would set our roots down. As an added bonus, NextLight is the fastest internet service provider in the country, which is a great fit for us.

Rigid Bits provides cybersecurity services to businesses nationwide, providing valuable insight to prevent attacks and respond immediately to cybersecurity events. Since 2017, we have supported 70 businesses across 17 states and a variety of industries. We have experienced 300% year-over-year growth with no signs of slowing down. Our plans are to continue to expand Rigid Bits’ services to support businesses in all industries with their cybersecurity needs, changing the way we work as the industry and threats change. As our growth continues, we will bring on new employees and just last month moved into larger office space in Longmont in preparation for our future”.

– Jeff Oden, Founder

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