Businesses weighing Colorado against another state for an expansion or relocation, with a 1:1 local match, can get a cash payment of up to $6,500 per net new permanent job, paid over five years after approval by the Economic Development Commission.
A cash incentive paid over five years to companies that create and keep new permanent jobs in Colorado. It is for expansion or relocation projects where Colorado competes with at least one other state and a local government has committed matching funds. The payment is up to $6,500 per net new job, depending on wage level and location. Applications are rolling, but the company must not start or announce the project before the Commission approves it.
Create permanent, full-time net new jobs in Colorado and maintain them for at least one year
Have inter-state competitive factors (Colorado in competition with at least one other state)
Secure a 1-to-1 local matching commitment
Have potential for significant economic spinoff benefits and produce significant capital investment
Must not start or announce the project (lease, hiring, material expenditures) before EDC approval
Cannot receive this incentive and the Job Growth Incentive Tax Credit for the same jobs
Topics
Money can be used for
Open opportunities funding similar work, from the same funder or in the same place.
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