About this archived opportunity

The Strategic Fund Job Growth Incentive is for business expansion or relocation projects for which Colorado is in competition with at least one other state and the company has received a commitment of local government funding that matches any requested state government incentives. The incentive provides a cash payment over five years to companies that create and maintain new permanent jobs in Colorado. Your business may not start or announce the proposed project in Colorado until your business submits a final application to Global Business Development and the Colorado Economic Development Commission approves the application. You must wait to complete any of these activities including but not limited to: Locating or expanding in the state Signing a lease Hiring employees related to this project Making material expenditures for this project Otherwise signaling the selection of Colorado Type: Cash incentive For: Businesses considering interstate competitive expansion or relocation projects in Colorado Amount: Up to $6,500 per net new job Application deadline: Rolling OEDIT division: Global Business Development Cash incentives vary based on the number of jobs created and if the job is located in an Economically Disadvantaged area. These locations include Enterprise Zones, Opportunity Zones, Rural Jump-Start counties, and select just transition counties (Delta, Gunnison, Moffat, Montrose, Morgan, Pueblo, Rio Blanco, and Routt). New jobs created in eligible Just Transition counties get the maximum $6,500 per eligible job.The annual average wage rate is based on the project's location. To be eligible, your business needs to: Create permanent, full-time net new jobs in Colorado. Maintain the net new jobs for at least one year. Have inter-state competitive factors. Secure a 1-to-1 local matching commitment (see below). Have the potential for significant economic spinoff benefits, such as attracting prestigious companies or suppliers, developing a large expansion initiative,