Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Refundable income tax credits for Colorado companies creating 20+ net new jobs at wages 110% of the county average. Credit equals 50% of FICA taxes paid by the employer on qualifying new employees for up to 7 years, supporting competitive business location decisions.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 20 new full-time jobs within 24 months
2.Wages: at least 110% of county average annual wage
3.Must represent a new or expanding facility (not relocation of existing CO jobs)
4.Credit: 50% of employer FICA taxes on qualifying new employees
5.7-year benefit period; apply before project begins
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.