Incentives & Financing - Choose Rio Blanco - Rio Blanco County Economic Development
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Incentives & Financing

LET US HELP YOU NAVIGATE THE EXPANSIVE

RESOURCES AVAILABLE FOR YOUR BUSINESS

Check out some of the most widely used incentives for Rio Blanco County business owners:
Local and State Business Incentives

Our team is your direct link to many local and State of Colorado business initiatives and financing tools. Let us help you navigate the expansive resources available to Colorado businesses, and we know you will find Rio Blanco County to be the best place for your business!

Businesses have access to cash incentives, business grants, tax credits, debt and equity financing, and more.

See State Resources »

JUMP START

RIO BLANCO

DOES YOUR BUSINESS PROVIDE A NEW PRODUCT OR SERVICE TO COLORADO?

Jump Start: Rio Blanco County, CO offers businesses that will provide a new product or service to Colorado with a powerful set of tax credits that could eliminate your Colorado State Income Tax liability for a minimum of four years. Depending on eligibility, business owners can share that tax holiday with their employees as well, fully maximizing your ability to Jump Start your business in Rio Blanco County!

TOWN OF MEEKER

BUSINESS GRANT

Micro grants available to eligible businesses

Town of Meeker Business Grant Program offers micro grants to eligible businesses located within the municipal boundary of Meeker. Grant funds can be used for façade improvement or for business development and expansion activities.

ENTERPRISE ZONE

TAX CREDITS

Promoting a business-friendly environment by offering state income tax credits

Enterprise Zone Tax Credits are available to business owners in Meeker, Rangely and the unincorporated areas of Rio Blanco County. This program is designed to promote a business-friendly environment by offering state income tax credits that incentivize job opportunities, capital investment in your business, job training programs, employer sponsored health insurance, research and development, building rehabilitation, commercial vehicle investment, and financial contributions to community projects.

LIST OF ENTERPRISE TAX ZONE CREDITS
  • EZ – Job Training: Companies that implement a qualified job-training program for their enterprise zone employees may earn an income tax credit of 12% of their eligible training costs.
  • EZ – New Employee Credit: Businesses increasing their workforce may earn a state income tax credit $1,100 per net new employee.
    • EZ – Agricultural Processor: An additional tax credit of $500 per net new employee may be claimed by businesses adding value to agricultural commodities through manufacturing or processing. 
    •  EZ- Enhanced Rural EZ: An additional tax credit of $2,000 per net new employee may be claimed for businesses in Enhanced Rural EZs – these are re-established every 2 years. EREZ designated counties are highlighted on the map below.
    • EZ – Enhanced Rural Agricultural Processor: An additional tax credit of $500 per net new employee may be claimed if the business is an agricultural manufacturing or processing business in an Enhanced Rural EZ. 
  • EZ – Employer Sponsored Health Insurance: Offers businesses $1,000 per net new employee insured under a qualified health plan for which the employer pays at least 50% of the cost. This credit is available for the first two years the business is located in an enterprise zone. 
  • EZ – Research and Development Tax Credit: Businesses conducting research and development may earn a 3% tax credit on the increase in such expenditures as compared to that of the prior 2 years.  
  • EZ – Vacant Commercial Building Rehabilitation: Encourages redevelopment of vacant commercial property with a 25% credit for the cost of rehabilitation of a building that is at least 20 years old and has been completely vacant for at least 2 years. The credit is limited to $50,000 per building.
  • EZ – Commercial Vehicle Investment Tax Credit: Investment in commercial trucks, truck tractors, tractors, or semitrailers, and associated parts registered in CO and based and used in an EZ may earn the taxpayer a 1.5% credit. To learn more contact Wael Khalifa at 303.892.3839 or wael.khalifa@state.co.us
  • EZ – Contribution Projects: Enterprise Zone (EZ) Contribution Projects encourage community participation and public-private partnerships to revitalize EZs. EZ Administrators may propose projects for EZ Project status to implement the economic development plan of that specific EZ. EZ Administrators work with their communities to bring forward proposals that support local economic improvements, result in job creation/retention and business expansion, and have the support of the community. Colorado taxpayers may earn a 25% state income tax credit by contributing to targeted efforts.

RANGELY FAÇADE / SITE

RENOVATION PROGRAM

Financial assistance to owners or tenants with a commercial businesses

Rangely Development Authority Façade Renovation / Site Improvement Grant Program offers financial assistance to owner or tenants with a commercial business located within the Urban Renewal Area. This program supplements the Downtown Renovation Program whereby the Town provides landscaping, walkways, and similar improvements along street frontages of local businesses.