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State Incentives, Longmont Economic Vitality

STATEWIDE INCENTIVES

Tax Rebates

“Purchases of machinery or machine tools and parts thereof are exempt from state sales and use tax when the machinery will be used in manufacturing.”

http://www.revenue.state.co.us/fyi/html/sales10.html

Colorado taxpayers are allowed to claim a credit of 10 percent of their current year investment in a qualified school-to-career program.”

http://www.revenue.state.co.us/fyi/html/income32.html

Grants

This fund provides an incentive for companies that have created new jobs with above average wages.

http://www.colorado.gov/cs/Satellite/OEDIT/OEDIT/1167928017047

“The EDC approves loans and grants from the economic development fund to public and private entities throughout the state to help existing businesses expand and new companies locate to Colorado.”

http://www.colorado.gov/cs/Satellite?c=Page&cid=1165009699743&pagename=OEDIT%2FOEDITLayout

 

 

 

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