Enterprise Zone
Colorado's Enterprise Zone (EZ) Program provides tax incentives to encourage businesses to locate and expand in designated economically distressed areas. The intent of this program is to encourage a business to locate and expand in a distressed geography. Private-sector business activity encouraged by these income tax incentives brings job opportunities and capital investment to economically distressed areas. The private investment results in tax revenue for school districts, cities, counties and the state, outweighing the cost of tax credits granted.
In 2018, the Enterprise Zone Tax Credit Program resulted in $162,432,693 invested in the South Central Enterprise Zone by private entities. This reflects a 27.83% increase over the investments in 2017.
Enterprise Zone Administrator, Donna Sue Torres
300 S. Bonaventure Ave.
Trinidad, CO 81082
Phone: 719-845-1133 extension 223
Benefits of the EZ Program to Huerfano and Las Animas Counties in 2018
| Type of Qualified EZ Investment | Las Animas | Huerfano | Total |
|---|---|---|---|
| ITC Capital Investment | $146,755,186 | $14,850,674 | $161,505,860 |
| EZ Contribution Project Investment Cash | $534,363 | $21,050 | $868,729 |
| EZ Contribution Project Investment In-kind | $42,344 | $3,010 | $58,104 |
| Total | $147,331,893 | $14,874,734 | $162,432,693 |
| Type of Qualified EZ Investment | Las Animas | Huerfano | Total |
|---|---|---|---|
| ITC Capital Investment | $115,926,050 | $10,214,957 | $126,141,007 |
| EZ Contribution Project Investment Cash | $846,667 | $31,998 | $868,729 |
| EZ Contribution Project Investment In-kind | $49,707 | $8,397 | $58,104 |
| Total | $116,822,424 | $10,255,352 | $127,067,840 |