Colorado on Business Facilities Online

COLORADO Fast Facts

• Population (2008): 4,939,456
• Largest Cities (2008): Denver, 598,707; Colorado Springs, 380,307; Aurora, 319,057; Lakewood,140,989;
   Fort Collins, 136,509
• Targeted Industries: Aerospace, Bioscience, Nanotechnology, Photonics, Energy & Renewable Energy
• Key Incentives: Biotechnology Sales and Use Tax Refund, First & Existing Industry Customized Job Training
   Programs
• GDP (All Industry 2008): $248.6 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

COLORADO State Incentives

The Colorado Job Creation Performance Incentive Fund provides performance-based incentives for creation and maintenance of high-paying net new full-time jobs. Three million dollars will be available annually to fund this program.

Job training funds are available in Colorado through the Colorado FIRST Program for new jobs being created that need training, and the Existing Industry Program, which provides funds for retraining existing jobs that will help a business to remain competitive. Generally, up to $800 per employee trained may be provided. Businesses are obligated to pay a minimum of 40% of the total training costs.

Colorado has 15 Business Loan Funds that make loans to businesses within their specific service area, primarily in the rural areas of the state. The loan funds are locally driven, with each loan fund having its own local loan review committee and local board of directors. State approval may also be required. Generally, the maximum loan size is $250,000; however, this maximum loan size may vary based on the availability of capital and other factors. Businesses typically will need to commit to meet certain job creation requirements (or retention in some cases).

The Bioscience Discovery Evaluation Grant program was created by the Colorado legislature in 2006 to improve and expand the evaluation of new bioscience discoveries at research institutions by accelerating the development of new products and services. The legislature made $2 million available for this program. Only Offices of Technology Transfer at research institutions are eligible to apply.

Explore detailed community demographic information at ZoomProspector.com

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