The goal of the Enterprise Zone Contribution Project Program is to create or preserve an environment that will help attract, expand, and retain employers in the Enterprise Zone (EZ). State income tax credits equal to 25% of monetary contributions and 12.5% of in-kind contributions are available to Colorado taxpayers who make charitable contributions to approved nonprofits that improve the economic conditions of the EZ.
Capital Campaign Projects: Capital campaign projects encourage public/private partnerships, raise money for a specific capital project to serve the broader community, and begin construction or implementation within five years. Eligible Capital campaign project categories include:
Operations Projects: Operations projects fund new economic activity in the enterprise zone to achieve near-term goals. Eligible Operations project categories include:
Social services are not typically eligible for EZ Contribution Project status because they do not achieve near-term economic development goals. These include:
The Colorado Economic Development Commission has approved the following list of Projects that assist in implementing the economic development goals of the Pikes Peak Enterprise Zone. Any Colorado taxpayer, both businesses and individuals alike, can make charitable contributions through the EZ and take advantage of the tax credit. Please consult your tax advisor regarding the Colorado EZ tax credit impact on the Federal charitable deduction.
To make a contribution to any of the following organizations through the Enterprise Zone, please contact the respective organization or our office for additional information.
**As of January 1, 2023, Homeless Support and Prevention Service Providers in Colorado may no longer participate in the EZ Contribution Project Program, and may now participate in the Colorado Homeless Contribution Income Tax Credit Program (HCTC) Program. Please visit the Colorado Department of Local Affairs website for more information regarding the HCTC Program, as well as a listing of eligible nonprofits organizations and projects:
Artspace Affordable Artist Housing
Careers in Construction Colorado: Job Training
Chamber Orchestra of the Springs
Colorado Springs Airport: Peak Innovation Park East Land Development
Colorado Springs Chamber of Commerce and EDC
Colorado Springs Community Cultural Collective at the City Auditorium
Colorado Springs Fine Arts Center
Colorado Springs Pioneers Museum
Colorado Springs Sports Corporation: Sports Industry Attraction/Retention
Community of Caring: 100 W. Bennett Capital Campaign
Community Partnership Family Resource Center: Community Center Capital Project
Community Ventures Public Benefit Programs
Cottonwood Center for the Arts
Cultural Industries Workforce Development by Colorado Springs Community Cultural Collective
Cultural Office of the Pikes Peak Region (COPPeR): Peak Radar
Downtown Partnership of Colorado Springs
El Paso County Fairgrounds Barns Replacement Project
Foundation For Colorado Springs’ Future: Enhanced Economic Development Programs
Goodwill Workforce Development
Greccio Housing: Workforce Housing
Manitou Art Center: Workforce Development Program
Manitou Springs Heritage Center – Capital Campaign
Norris Penrose Event Center: Phase 2 Capital Campaign
Peak Vista: Mental/Behavioral Health Expansion
Pikes Peak America’s Mountain – Summit Complex
Pikes Peak Habitat for Humanity: Micah’s View & Jacob’s Run
Pikes Peak Habitat for Humanity: The Ridge at Sand Creek
Pikes Peak Library District: Workforce Development Initiative
Pikes Peak Outdoor Recreation Alliance
Pikes Peak Trolley Museum and Restoration Shop
Serenity Recovery Connection: Workforce Development Program
Southern Colorado Women’s Chamber of Commerce
Space Foundation and Discovery Center
Sara Lobato
Pikes Peak Enterprise Zone Administrator
9 E. Vermijo Ave.
Colorado Springs, CO 80903
Phone: 719-520-6480
saralobato@elpasoco.com
Lauren Johnson-LeGrand
Economic Development Project Coordinator
9 E. Vermijo Ave.
Colorado Springs, CO 80903
Phone: 719-520-6236
laurenjohnsonlegrand@elpasoco.com
