Colorado Strategic Fund Job Growth Incentive
About the Program
The Strategic Fund Job Growth Incentive is for business expansion or relocation projects for which Colorado is in competition with at least one other state and the company has received a commitment of local government funding that matches any requested state government incentives. The incentive provides a cash payment over five years to companies that create and maintain new permanent jobs in Colorado.
Your business may not start or announce the proposed project in Colorado until your business submits a final application to Global Business Development and the Colorado Economic Development Commission approves the application. You must wait to complete any of these activities including but not limited to:
- Locating or expanding in the state
- Signing a lease
- Hiring employees related to this project
- Making material expenditures for this project
- Otherwise signaling the selection of Colorado
Eligibility
To be eligible, your business needs to:
- Create permanent, full-time net new jobs in Colorado.
- Maintain the net new jobs for at least one year.
- Have inter-state competitive factors.
- Secure a 1-to-1 local matching commitment (see below).
- Have the potential for significant economic spinoff benefits, such as attracting prestigious companies or suppliers, developing a large expansion initiative, or generating tourism and travel activity.
- Produce significant capital investment.
Projects that respond to a special local economic event, such as replacing jobs after recent layoffs or market disruptions are considered favorably.
Businesses may not receive the Strategic Fund Job Growth Incentive and the Job Growth Incentive Tax Credit for the same permanent net new jobs. However, businesses may receive the Job Growth Incentive Tax Credit and the Location Neutral Employment Incentive (review below), a special type of incentive, for the same permanent net new jobs if the jobs are for remote workers in Colorado’s rural counties.
Explore Business Opportunities Across Colorado
You've learned about the program. Now explore Colorado's business regions, growing industries, and incentives to find the market that's the best fit for your business.
Explore:
- Colorado Business Markets
- Business Incentives
- Industry Strengths
- Workforce & Talent
- Commercial Development
- Save Markets to Your Project Book