Southwest Colorado Enterprise Zone
In 1996, the Colorado State Legislature implemented the Enterprise Zone Tax credit program to assist economically distressed areas of the state. The Enterprise Zone program offers special tax incentives to businesses that expand existing enterprises or relocate to designated zones to encourage the creation of new jobs and investments. Businesses must be located within the boundaries of the Enterprise Zone to be eligible. However not all businesses qualify for tax incentives. Region 9 EDD serves as the Southwest Colorado Rural Enterprise Zone (EZ) Administrator. The primary function of the EZ administrator is to provide information and determine whether a business is located within the Enterprise Zone boundaries, process and sign the Certification of Qualified Enterprise Zone Business form. and work with designated Enterprise Zone Contribution Projects.
One of the Enterprise Zone credits pertains to designating a project or organization as an Enterprise Zone Contribution Project. This designation allows contributors to receive a 25% State Tax Credit for cash donations to the Enterprise Zone Project and 12.5% State Tax Credit for in-kind contributions.
