Pikes Peak Enterprise Zone
El Paso County and Teller County are dedicated to helping local businesses and organizations thrive! Through the Pikes Peak Enterprise Zone, we are working to improve the local business climate; facilitate growth in the quantity and quality of employment opportunities; respond effectively to local business expansion opportunities and constraints; develop and sustain increased rates of business investment and job creation; foster strong partnerships with citizens, businesses and non-profits and provide numerous additional opportunities through tax savings.
What is the Enterprise Zone?
The Enterprise Zone Program is a state incentive which encourages new and established businesses to locate and expand in economically distressed areas of the state. Businesses in the Enterprise Zone may save thousands of dollars on their Colorado income tax bill each year for any or all of the following:
- Making capital investments
- Hiring new employees
- Providing training for employees
- Rehabilitating old buildings
- Conducting Research and Development
What are the benefits for businesses located in the Enterprise Zone?
The Pikes Peak Enterprise Zone can turn the money you have been paying in taxes into working capital. That is thousands of dollars a business can save each year! It is about time you let the money you have been spending work for you.
Who is eligible for Enterprise Zone tax credits?
Any business located in the Enterprise Zone, engaged in business that is legal under both state and federal law, is eligible to receive these tax credits.