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Incentives
City Incentives

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 needs

·        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 opportunities

·        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 development

Minimum eligibility 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 real property

·        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.

 

 

SBA HUBZone

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.


Workforce Assistance

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.

Services include:

  •  Customized training and supportive services
  •  Federal bonding services and tax credits may be available
  •  Job fairs
  •  Job postings
  •  Recruiting, pre-screening and personnel services

 
Taxes

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.


County Incentives
Adams County’s policy for qualifying companies is to rebate up to 50% of property taxes for the first four years. If the company is located inside an enterprise zone, it may be eligible to receive tax rebates for both real and personal taxes. If the company is located outside an enterprise zone, it is only entitled to personal property tax rebates. 


Enterprise Zone Tax Credits

Adams County Economic Development is the administrator of the State Enterprise Zone Tax Credit program for Adams County.

Colorado’s Enterprise Zone program provides tax incentives to encourage businesses to locate and expand in designated economically distressed areas of the state. In Commerce City, the Enterprise Zone includes all properties located west of the Rocky Mountain Arsenal National Wildlife Refuge and State Highway 2.

State Incentives
Colorado offers many incentives for entrepreneurs and businesses. The state has low taxes and business costs, provides performance-based incentives to qualifying companies that create new jobs, and offers customized training grants.

The following grants and incentives are available for qualifying companies:  
  •  Job Growth Tax Incentive
  •  Strategic Cash Fund Incentive
  •  Enterprise Zone Tax Credits
  •  Local Government Incentives
  •  Job Training Grant Programs
  •  Public Infrastructure Grants
  •  Biotechnology Sales and Use Tax Refund
  •  Colorado Aircraft Manufacturer Tax Credit


Incentives Matching

Commerce City business incentives may be matched by Adams County.
State incentives may be paired with Commerce City and Adams County incentives to create a complete incentive package to meet your business needs.

Economic Development Division
7887 E. 60th Ave.
Commerce City, CO  80022

Ph: 303-289-3620
Fx: 303-289-3688
Email