Incentives

The Denver Office of Economic Development (OED) wants you to locate and grow your business in Denver. To assist you, we offer several business incentives to not only get you here but to keep you here. 

Enterprise Zone Tax Credit
Denver participates in the Colorado Enterprise Zone program, which provides state income tax credits for companies investing within certain geographical boundaries.

Economic Development Financing
Finding the money you need from the best possible source is an important consideration for any start-up or expanding business. OED will work with you to explain and review the various economic development financing programs available, including loans from the Small Business Administration (SBA), Industrial Revenue Bonds or Private Activity Bonds, and help determine which makes the most sense based on your situation and needs. 

Job Creation and Capital Investment Incentives
Projects creating a significant number of new jobs operating in key, targeted industries will be considered on a case-by-case basis for business development incentives. These incentives are designed for businesses that are looking for a city to locate or expand their operations and are considering Denver, together with cities outside of Colorado.

Gap Financing
OED offers two programs that provide gap financing. “Gap” financing is used when the banks and business owner are unable to secure all of the funds necessary to complete the total project amount, leaving a “gap” between the two. In these situations, OED is able to provide the remaining funds.
This program can provide up to 25% of a project costs and must be located within specific geographical areas within Denver.

NBR Loan Program
This program can provide up to 50% of a project’s financing. The availability of this program is limited to specific geographic areas within Denver.
This program can provide up to 50% of a project’s financing. The availability of this program is limited to specific geographic areas within Denver.

The Colorado Office of Economic Development and International Trade (OEDIT) offers various incentive programs and also provides administrative support for the Colorado Economic Development Commission (EDC). To learn more about these incentive programs, go to www.AdvanceColorado.com or contact Jeff Kraft, director of Business Funding and Incentives, at jeff.kraft@state.co.us or 303-892-3840.
 
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