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CO
Colorado Job Growth Incentive Tax Credit
Performance-based state tax credit for competitive business expansion and relocation projects creating new jobs.
About this program
The Job Growth Incentive Tax Credit supports companies considering competitive expansion or relocation projects by providing an eight-year Colorado income tax credit based on a portion of FICA taxes paid on eligible net new jobs.
Eligibility
Businesses with competitive expansion or relocation projects that create at least 20 net new Colorado jobs, pay qualifying wages, and receive approval before starting or announcing the project.
Requirements
- Contact OEDIT Global Business Development before committing to the project
- Submit project, job, wage, investment, and competing-location documentation
- Receive Economic Development Commission approval and meet job creation and reporting milestones