:: There are a number of local, county and state incentive programs that new or expanding businesses may want to research. ::

Incentives

Town of Castle Rock Rebates and Incentives

According to the Town of Castle Rock’s Economic Development Assistance policy, the Town may elect to provide Economic Development Assistance for the retention, expansion, or new location of targeted businesses that help the community achieve its stated goals. These goals currently include high quality non-residential development; creating regional draws that bring revenues to the community; preserving and enhancing downtown Castle Rock as a viable central business district; and becoming a free-standing, self sufficient community.

Targeted businesses identified in the policies include:

Primary employers creating or retaining high paying jobs that match the skills of the Town’s workforce
Urgent care medical facilities
Post high school educational and training facilities
Recreation and entertainment facilities
Retailers currently under-represented in Castle Rock

Depending upon the project, a variety of assistance is available, including:

Expedited development review and approval schedules
Waiver or reduction of annexation, rezoning and platting fees
Rebates of Building Permit Fees, Utility System Development Fees and Development Impact Fees
Rebates of Building Use, Sales or Property Taxes
Assistance with public infrastructure requirements
Assistance with applications for Federal, State, County or School District programs

Community Development Block Grants (CDBG)

The Community Services Division of the Community Development Department is the lead agency for Douglas County Community Development Block Grants (CDBG). A CDBG is a federally funded grant through HUD that was created to improve the physical, economic, and social conditions for low- and moderate-income residents or low-income areas. In Douglas County, it can be used for:

Affordable housing development
Public facilities improvements
Economic development
Public Services
Home ownership
Housing services

The Douglas County CDBG program year runs from Aug. 1 to July 31. The Douglas County 2008 program year grant was approximately $790,000. For more information call Jennifer Eby, CDBG Administrator, at 303.660.7460 or e-mail her at jeby@douglas.co.us.

County Rebates

The State of Colorado allows local taxing units to provide incentive rebates to new or expanding companies. These rebates are negotiated with the local county or municipality and can be as much as 50% of the amount of taxes levied by the county upon the taxable personal property directly attributable to the new business or existing business’ expansion. This rebate is allowed for a maximum of four years. For information contact Meme Martin at Douglas County, at 303.660.7449. Note: For certain targeted businesses, other incentives may be available on a case by case basis.

State Level Incentives

Colorado’s Office of Economic Development and International Trade provides information on state level incentives available to qualifying businesses. Some of the current programs include:

Aircraft Manufacturer Tax Credits
Biotechnology Sales and Use Tax Refund
Colorado Economic Development Commission
Colorado FIRST and Existing Industry Job Training Assistance
Enterprise Zone Tax Credits
Job Creation Performance Incentive Fund (PIF) & Enhanced Incentive Fund (EIP)
Local Infrastructure Assistance
Local Property Tax Incentives
Manufacturing Revenue Bonds

Incentives