Tax Credit Rebates
Colorado’s Enterprise Zone program provides tax incentives to encourage businesses to locate and expand in designated economically distressed areas of the state. There are 16 Enterprise Zones and 2 sub-zones in Colorado, including the Town of Bennett. Businesses located in an Enterprise Zone may qualify for up to nine Enterprise Zone Tax Credits that encourage job creation and investment in the Enterprise Zone.
Key Aspects of a Foreign Trade Zone (FTZ) FTZs are within the geographic limits of the U.S., but outside Customs and Border Protection (CBP) territory FTZs allow users to defer, reduce, or eliminate CBP duties.
The Colorado Economic Development Commission has recently approved two Enterprise Zone Contribution Project Designations for the Bennett Wastewater Treatment Facility and Bennett Town Hall. These certified Contribution Projects by the Colorado Economic Development Commission, are now eligible for financial contributions providing tax credits to contributors.