Incentives
A variety of programs are available to major employers expanding or relocating to the City of Brighton. The Brighton Economic Development Corporation evaluates the economic impact of a new or growing business on the community. Each company is then reviewed on a case-by-case basis by the Brighton City Council. To read the Enterprise Zone Brochure, please click here.
Colorado State Programs
Colorado Enterprise Zone
Most of the City of Brighton is located in a State Enterprise Zone. Any industrial or commercial land annexed into the city prior to 1990 may be eligible for State income tax credits.
NEW!! You now have the ability to identify if a property is located in the Enterprise Zone online! Click here to search the Adams County Planning and Economic Development Zoning Report.
http://www.co.adams.co.us/gis/quicksearch/
All incentives are considered on a case-by-case basis. The company must be in the negotiation stages of the relocation or expansion process. (In other words, they can’t locate here and then request incentives.) The application is sent to the City Council for review.
There are two ways that a business or taxpayer can participate in the Colorado Enterprise Zone Program:
1. Businesses located within an Enterprise Zone that make capital investments, create new jobs, contribute to economic development plans, rehabilitate old buildings, and do research and development in the Adams County Enterprise Zone have the potential to save thousands of dollars on their Colorado income tax bill each year.
2. Any Taxpayer-regardless of their location-can make a contribution to a qualified Enterprise Zone contribution project. Taxpayers that make an in-kind or monetary contribution to a qualified Enterprise Zone program may claim a state income tax credit up to $100,000.
Enterprise Zone benefits include:.
- $200 per employee tax credit, for two years, for employer health insurance programs
- 10% tax credit for expenditures for job training and school-to-work programs
- Include flexibility in the plan to adapt the plan
- $500 per employee tax credit or refund for new and expanding business
- $500 per employee tax credit, for two years, for agricultural processing businesses
Plant and Equipment Tax Credits
- 3% investment tax credit for investment in equipment
- 3% tax credit for qualified expenditures in research and development
- State sales tax exemptions for purchasers of manufacturing equipment
- Tax credit of 25% of expenditures to rehabilitate vacant buildings
Contribution Tax Credits
- Tax credit of 25% for private contributions and in-kind donations to Enterprise Zone projects that provide child care, create jobs for the homeless, or develop public infrastructure.
The City of Brighton reviews each business on a case-by-case basis for potential incentives. In the past, the City has considered incentives if:
- The company provided a wide range of quality jobs;
- The average wage exceeds the county average;
- The company made a reasonable effort to hire Brighton residents;
- The incentives provided made Brighton more competitive with other locations;
- The company was willing to enter the market before other businesses.
Adams County Programs
Economic Development Commission
The Colorado Legislature has mandated the Colorado Economic Development Commission to promote business retention and expansion by providing loans and grants to qualifying businesses on a case-by-case basis.
Adams County considers tax incentives for qualifying businesses on a case-by-case basis. Adams County Economic Development (ACED) evaluates qualifications prior to the request. Adams County also administers funds for on-the-job training.