North Metro Enterprise Zone

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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.

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.

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

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