Possible Assistance Available
Existing businesses in Boulder and companies considering relocation to the city may qualify for business incentives through programs offered by the City of Boulder and State of Colorado.
For more information or assistance, please contact the Boulder Economic Council at firstname.lastname@example.org
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City of Boulder
The City of Boulder offers the following business incentive programs through its Economic Vitality Program:
- Flexible Rebate Program: Existing primary employers that meet eligibility requirements and sustainability guidelines may qualify for rebates of certain city taxes and fees.
- Microloan Program: The Boulder Microloan Fund program offers working capital qualifying small businesses and nonprofits in Boulder that may not be able to obtain financing through traditional sources. The fund will extend loans of up to $50,000 to qualifying businesses and nonprofit organizations with annual gross revenues of less than $2 million.
- Parks & Recreation Employee Discount Program: Employees of businesses located in Boulder receive resident pricing on annual and multi-use passes at city recreation centers, the Boulder Reservoir, and outdoor pools.
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State of Colorado
The state also has several business incentive programs offered through the Colorado Office of Economic Development and International Trade including:
- Job Growth Tax Incentive: The Job Growth Incentive Tax Credit is a performance-based job creation incentive program that provides a state income tax credit equal to 50% of the FICA paid by the business on the net job growth for each calendar year in the credit period.
- Strategic Fund Incentive: The Strategic Fund Incentive program supports and encourages new business development, business expansions and relocations that have generated new jobs throughout the state. In some cases, the Strategic Fund may also be able to provide support for initiatives led by non-profit entities pertaining to key industries or regional development.
- Job Training Grant Programs: The Colorado First and Existing Industry grants are jointly administered by OEDIT and the Colorado Community College System. The state may be able to provide specific support to retain jobs or offers business-friendly tools that assist in retaining jobs for this grant.
- Manufacturing Sales and Use Tax Exemption: Colorado encourages manufacturers to locate their manufacturing operations in Colorado recognizing their importance in Colorado’s economy. Colorado provides an exemption from state sales and use tax on purchases of manufacturing machinery, machine tools and parts.
- Biotechnology Sales and Use Tax Refund: State sales and use taxes paid on the sale, storage, use, or consumption of tangible personal property to be used in Colorado directly and predominantly in research and development of biotechnology are refundable.
- Public Infrastructure Grants: The Infrastructure Assistance program is designed to create new permanent jobs and retain existing jobs, primarily for low‐ and moderate‐income persons. The state may be able to provide specific support to retain jobs or offers business-friendly tools that assist in retaining jobs for this grant.
- Aviation Development Zone Employee Tax Credit: Aircraft manufacturers located in a Colorado aviation development zone may qualify for a state income tax credit of $1,200 per new employee.
- Sales Tax Exemption on Aircraft and Aircraft Parts: The sale of a new or used aircraft to a person who is not a resident of Colorado for registration and primary use outside of the state is exempt from state sales tax.
- Qualifying Therapeutic Discovery Projects: A tax credit provided under new section 48D of the Internal Revenue Code (IRC), enacted as part of the Patient Protection and Affordable Care Act of 2010 (P.L. 111-148). The credit is a tax benefit targeted to therapeutic discovery projects.
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