Incentives

Adams County is both business-friendly and inspiring. Your success here and bottom line is important to us, which is why we’re here to advocate for your project.

Various state and local incentives help ease a myriad of expenses incurred by relocating or expanding companies. Local governments and the state of Colorado award these grants based on case-by-case evaluation of job creation, wage quality, and capital investment. Major incentive areas include job creation, employee training, tax rebates, expedited permitting and licensing, and infrastructure improvements.

State Incentives

Companies starting or expanding operations in Adams County may qualify for several state incentives. Below is a summary of key programs with extensive information on additional programs available on the Colorado Office of Economic Development & International Trade’s website.

Job Growth Incentive Tax Credit

A performance-based program for businesses pursuing job creation projects that are competing with at least one other state and where the incentive is a major factor in the decision.

Advanced Industry Tax Credit

A program which provides Colorado companies operating in seven advanced industries the opportunity to receive capital from investors.

Aviation Development Zone Tax Credit

A program providing a state income tax credit of $1,200 per new full-time employee for businesses involved in the maintenance and repair, completion, or modification of aircraft located within approved Aviation Development Zone airports.

Procurement Technical Assistance Center (PTAC)

This program provides federal, state, and local government contract procurement assistance by educating and consulting with Colorado companies. The Colorado PTAC Westminster office is a helpful local resource for one-on-one counseling and seminars.

Colorado FIRST and Existing Industry (CFEI) Job Training Program

Colorado FIRST grants are for companies that are relocating to or expanding in Colorado and provide funds only to net new hires. Existing Industry grants focus on providing assistance to established Colorado companies in order to remain competitive within their industry, adapt to new technology and prevent layoffs. Deadline for applications: July and December.

Adams County Government Incentives

The Adams County government advocates for industry expansion and proactively offers incentives to companies creating high paying, quality jobs. Adams County Government’s Community and Economic Development Department coordinates and awards potential incentives based on overall economic impact to Adams County’s economy, which includes capital investment, job growth, and wage levels.

For incentive consideration, typically:

A company must be a primary employer establishing either a new or expanded facility in Adams County
The company’s average wage should meet or exceed the county’s average wage
Company must be in the negotiation phases of the project
Company must be considering sites outside of Adams County
Capital investment must total $1 million or more
New jobs should be created, or significant numbers of existing jobs retained.

The types of municipal incentives vary from city to city within Adams County and are negotiated on a case-by-case basis, determined by local criteria. If Adams County provides a business incentive package, the local municipality is required to provide, at least, a match.

For more information, please reach out directly to Jenni Hall, Director of Community and Economic Development for Adams County at (720) 523-6800 or email JRHall@adcogov.org.

Enterprise Zones

Businesses making capital investments, creating new jobs, rehabilitating old buildings, contributing to economic development plans, and doing research and development in the Adams County Enterprise Zone may be eligible to receive certain tax credits from the state. An eligible company must be located in the Enterprise Zone and have a tax liability with the state. AC-REP administers the Zone.

See our Enterprise Zone section for program details.

Opportunity Zones

The Tax Cuts and Jobs Act passed in 2017 paved the way for the Opportunity Zone program, created to spur investment in designated census tracts. AC-REP led the research and designation of census tracts, securing nine Opportunity Zones in Adams County.

Reach out to the experts at the Colorado Office of Economic Development and International Trade for more information.