Resources & Incentives

OVERVIEW

Companies in Jefferson County enjoy a pro-business tax climate that rewards investment, growth, and innovation. With a low tax environment at the state and local levels, the county continues to provide a business-friendly environment. At Jeffco EDC, we take pride in providing each business individualized attention to ensure that business retention, relocation, or expansion is a seamless process. We work directly with businesses to navigate local, regional, and state incentives customizing a financing package that meets the specific needs of each business.

RANKINGS

in scientific research payroll

best state for business

talent

businesses located here

best corporate tax system

best women led startups

ranked county in country on patents

county in US in GDP/Capita

Job Growth Incentive Tax Credit

Job Growth Incentive Tax Credit is a performance-based incentive providing an eight-year state corporate income tax credit to new or existing businesses undertaking job creation projects that meet program requirements. The tax credit is up to 50% of FICA paid by the business on the annual net new job growth.

Strategic Fund

Strategic Fund is a performance-based cash incentive program that encourages new and existing companies to create jobs and capital investment in Colorado. A business may receive funding up to $6,500 per job that pays at least 100% of the average annual wage of the county where the jobs are locating.

Skill Advanced Job Training Grant

Skill Advanced Job Training Grant provides new and existing companies in Colorado with workforce training grants of up to $1,400 per employee to support customized training programs that improve company competitiveness, employee efficiency and development, and provide resume-building, transferable jobs skills for Coloradans.

Advanced Industries Accelerator Programs

Advanced Industries Accelerator Programs provide various grants and investment tax credits to promote growth and sustainability in Colorado’s advanced industries by helping accelerate commercialization, encourage public-private partnerships, and increasing access to early-stage capital.

State Sales & Use Tax Exemptions/Refunds

Colorado offers various state sales & use tax refunds/exemptions to support and encourage business capital investment.

Enterprise Zone

The Enterprise Zone (EZ) program promotes and encourages job creation, business growth, and development opportunities in areas of the county targeted for economic investment. Businesses located in a Jeffco EZ can receive state income tax credits for a variety of qualifying investments annually. For more information, please visit our EZ program page.

Jeffco’s Business Personal Property Tax Elimination

As a benefit to Jefferson County’s businesses, the county has eliminated its portion of the business personal property tax (BPPT) to show the business community that it values their business and understands that decreasing the overall tax burden will yield more jobs and capital investment. Jefferson County is the first county in Colorado to eliminate its portion of this tax. For more information, please visit our Jeffco BPPT Elimination page.

Opportunity Zones

The Opportunity Zone (OZ) program provides a federal tax incentive for investors to invest in low-income urban and rural communities through favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains. Jeffco has five designated zones. For a map of the Jeffco zones, please visit our OZ map page.

Jeffco Foreign Trade Zone (FTZ) – No. 298

Jeffco EDC, in partnership with RMMA, recently created an FTZ for Jefferson County. FTZs are secured, designated locations in or near a U.S. Customs Port of Entry where foreign and domestic merchandise is generally considered to be in international commerce and outside of U.S. Customs territory. As a result, activated businesses in an FTZ can reduce or eliminate duty on imports and take advantage of other benefits to encourage foreign commerce within the U.S. For more information on Jeffco’s FTZ, please visit our FTZ page.

Business Relocation Assistance

Start-2-Home

Local Financial Assistance

Cities throughout Jefferson County may offer incentives based on the individual policies of the local jurisdiction. The type of incentives available to relocating or expanding companies varies by community and project, and may include property tax credits, waiver/reduction on permit fees, local tax abatement, etc.

  • Colorado ranks favorably with its single-rate system and the fourth-lowest corporate income tax rate in the country of 4.4%.
  • Colorado assesses a flat tax of 4.4% of an individual’s taxable income, one of just nine states in the nation having a single-rate tax structure.
  • Colorado has one of the lowest state sales tax rates of 2.9%
  • Colorado is a modified right-to-work state, with the most progressive labor law in the country. The Colorado Labor Peace Act requires two elections and approval from 75% of a company’s workers before becoming unionized.
  • Jefferson County does not charge an Occupational Head Tax to its employers or employees.

For a custom incentive package or for more information, please contact Leigh Seeger.
lseeger@jeffcoedc.org