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COLORADO INCENTIVES SUMMARY

Strategic Fund Job Growth Incentive
The Strategic Fund Job Growth Incentive program is a performance-based cash grant of up to $6,500 per net new job created in Colorado for a period of up to five years. The program supports and encourages new business development, expansions, and relocations that have generated new jobs throughout the state. A significant capital investment of at least $100,000 per job is required, as is a local government incentive match. The Strategic Cash Fund also supports initiatives in key industries or regional development.

Job Growth Incentive Tax Credit
A performance-based tax credit equal to 50% of the Federal Insurance Contributions Act (FICA) paid by companies creating at least 20 new jobs in Colorado, with an average wage of at least 100 percent of the county's average wage. Companies in an Enhanced Rural Enterprise Zone must create at least five new jobs in Colorado with an average wage of at least 100 percent of the county average. New jobs must be in place for at least one year to be eligible for the tax credit. The tax credit period is eight years during which a company may claim annual tax credits. Companies that receive this program are not eligible for the Strategic Fund Job Growth Incentive.

Skill Advance Colorado Job Training Grant
The Skill Advance Colorado Job Training Grant is a customized training program for new jobs created via a relocation to or expansion in Colorado. Funding is distributed into two grant programs: the Colorado First and the Existing Industry. Colorado First funds net new hire training and focuses on companies relocating to or expanding in Colorado. The Existing Industry provides funding for incumbent worker training, adapting to new technology, or preventing layoffs. Companies must invest at least 40 percent of their cash or in-kind contribution to the total costs of grant-funded training, and pay wages of at least $2 more per hour above the Colorado minimum wage in urban areas and $.50 per hour above the Colorado minimum wage in rural areas.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.

Site
Selection

BlueCap aids companies in developing critical location criteria and implementing thorough evaluation processes for finding future business locations resulting from a need to expand an existing facility, enter new markets, or merge locations

Economic
Incentives

Incentives often drive the approval of company capital budgets by supporting initial capital investments in facilities and equipment, reducing operating costs, and lessening the impact of government taxes and regulations.

Incentives Management

Governments require companies to complete annual reporting to ensure the company achieves its commitments for jobs and capital investment. BlueCap manages reporting for clients for the term of each incentive to ensure clients receive the benefits offered.

Economic
Development
Consulting

BlueCap helps communities of all sizes by implementing strategies focused on industry development, job creation, and tax base stability. BlueCap aids in creating strategic plans, marketing plans, cluster industry analyses, and other economic development activities to attract corporate investment and ensure economic growth.

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