Colorado Enterprise Zones spurring job growth

COLORADO – Enterprise Zones, which provide benefits for business that choose to grow in economically distressed areas, are helping to create jobs across the state of Colorado. In return for businesses deciding to locate or expand within Enterprise Zones, the companies receive income tax benefits and may receive help in training employees. Enterprise Zones are located throughout the state, providing a variety of locations where businesses can choose to grow.

During the 2014 fiscal year, the program resulted in companies investing $2.2 billion in economically distressed communities. In addition, the program and partnering companies invested $52.9 million in training 32,000 employees. Participating companies created a total of 4,052 new jobs.

Thinking about launching a business in one of the Enterprise Zones? Companies can review guidelines and apply here.

Source: Colorado Office of Economic Development

 

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Genevieve Ashymov

Genevieve Ashymov lives in Colorado and specializes in commercial real estate research. She previously worked as a research associate for CoStar Group and as a research analyst for Sentinel Real Estate Corporation. Her research reports helped inform multi-million dollar c...