Commerce City offers incentives to encourage capital investment in the community, create new jobs and attract new businesses. Our goal is to continue the city’s growth as an economically sound community.
All incentives for existing
and prospective businesses in Commerce City are negotiated on a case-by-case
basis with consideration of the following factors:
Potential for initial
and ongoing generation of city tax revenues
· “But for” – The
project cannot move forward but for the incentives provided by the city
· Project or business
· Target Industries,
Support Industries and Industry Concentrations
· Top retail targets:
Sit Down Restaurants, Hotels, Anchor Tenants
· New jobs created
· Job training of
transferable skills that enhance workers’ resumes and long-term employment
· Business conducted
with other Commerce City businesses and vendors
· Green construction or
Green industry business
· Impacts on
infrastructure or other community impacts
· Catalyst for other
requirements for incentives:
For new businesses:
Creation of 10 jobs and/or $1,000,000 capital investment
· For existing small
businesses (15 or fewer employees): Job
creation equal to 10% increase in workforce and/or 10% increase in personal or
· Average wages paid by
the applicant must equal or exceed the county average wage
Please contact the
Economic Development division to discuss what incentive opportunities may be
available to you.
Does your business plan include government contracting? Locating within Commerce City census tracts designated as HUBZone may give your company an advantage.
The SBA Historically Underutilized Business Zone (HUBZone) Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses.
Commerce City partners with the Adams County Workforce and Business Center to provide business assistance in workforce attraction and development. This partnership provides services to assist companies in successfully recruiting highly trained and qualified employees. Employers also have access to a diverse set of resources and expertise at the workforce and business center that can be customized to meet their workforce needs. Services are provided at no cost to employers and job seekers.
No Head Tax - The city does not have employment “head” tax. This could mean considerable savings on payroll taxes for companies that locate in Commerce City.