There are several economic incentives available to an expanding or relocating business within Logan County. The State of Colorado offers job creation grants, job training grants, business loans, tax credits, and other economic development stimulus. The local communities within Logan County and Logan County also are willing to provide economic incentives to expanding or relocating businesses, each handled on a case-by-case basis. The cities and Logan County can negotiate tax rebates, infrastructure improvements, and other financing to stimulate job creation and capital improvement. Out-of-state companies interested in participating in the Rural Jump-Start program in Logan County are encouraged to apply for a benefit period for 2017. The Jump-Start program, based on Colorado Senate Bill 15-282 is a tax relief program for qualified businesses and new hires who locate into Jump-Start zones which will offer :
- Relief from state income taxes for the new business
- Relief from the state sales & use tax for the business
- Relief from county and municipal personal property tax
- Relief from state income taxes for the employee
State of Colorado Economic Development – Job Creation Grants Business incentive funds are available for businesses that commit to meet certain job creation requirements (for businesses with significant state or regional impact, retained jobs may be considered). The Economic Development Commission reviews and approves all requests for funding. Please see Colorado’s Office of Economic Development & International Trade office website. Choose Colorado Job Training Programs The State of Colorado has various Job Training programs and grants. Colorado First Fact Sheet Enterprise Zone Tax Credits Logan County is designated as a Colorado Enhanced Rural Enterprise Zone, allowing qualifying businesses to take advantage of several tax credits. EZ Fact Sheet Local Government Tax Incentives Logan County towns and county are authorized to negotiate with individual taxpayers who have qualifying new business facilities (a) an incentive payment equal to not more than the amount of the increase in property tax liability over pre-enterprise zone levels; and (b) a refund of local sales and use taxes on purchases of equipment, machinery, machine tools, or supplies used in the taxpayer’s business in the enterprise zone.
Sterling Urban Renewal Authority (SURA) grant programs are available for qualified applicants in the Sterling Downtown District. Programs include funding for building improvements that meet certain guidelines. SURA meetings are open to the public. For more information contact LCEDC (970) 521-7196 or City of Sterling (970) 522-9700.