City of Englewood, Colorado
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Enterprise Zone (EZ) Program Overview
The Colorado Enterprise Zone (EZ) Program was created by the Colorado Legislature (C.R.S. Title 39, Article 30) to promote a business-friendly environment in economically distressed areas by offering state income tax credits that incentivize businesses to locate and develop in – and nonprofit organizations to assist with the needs of – these communities.
Taxpayers investing in Enterprise Zones can earn a Colorado income tax credit by planning and executing specific economic development activities. Only taxpayers engaged in business activities that are legal under both state and federal law are eligible to claim EZ income tax credits.
Tax Credits
Businesses located within the South Metro Enterprise Zone are eligible for State of Colorado income tax credits in the following areas:
- Investment Tax Credit - 3% tax credit for equipment purchases
- New Jobs Credit - $1,100 tax credit per qualifying new job
- Health Insurance Credit - $1,000 tax credit per insured job; available for the first two years
- Job Training – 12% tax credit for eligible training costs
- Research and Development Credit - Up to a 3% tax credit for qualified R&D expenditures
- Vacant Building Rehabilitation Credit - 25% credit for rehabilitating a vacant building for commercial use
- Manufacturing Sales and Use Tax - Expanded sales and use tax exemption
- Commercial Vehicle Income Tax - Up to 1.5% tax credit on commercial trucks, truck tractors, tractor, or semi-tractors, including associated parts
If you would like to apply for a tax credit, please see each individual tax credit page for specific eligibility and application requirements. We recommend reviewing the Enterprise Zone Income Tax Credit Guide for the complete eligibility requirements.
Contact Us
Will Slate, Economic Development Manager
303-762-2599
Email Economic Development
