Colorado Incentives
Below is a list of only some of the programs and incentives for starting or moving a business to Colorado.
Office of Economic Development & International Trade
Colorado has one of the nation's best business climates thanks to some of the many advantages in ability to access funding & capital, the benefits o tapping into a large pool of educated and a highly skilled workforce, low taxes & business costs, and a fair and accessible regulatory environment. Learn more about these characteristics and benefits of having a business located in Colorado through the Office of Economic Development & International Trade (OEDIT), which provides economic & business development resources and support for all employers. Whether you're an independent contractor, a non-profit, or a small business trying to begin or expand your business, the OEDIT can give you the tools and information needed to make your business goals a success!
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire targeted groups of job seekers. WOTC can reduce employer federal tax liability by as much as $2,400 to $9, 600 per new hire.
Federal Bonding
A fidelity bond is provided to the employer free of charge and serves as an incentive to the company to hire a job applicant who is an ex-offender or has an at risk background in obtaining employment. It is a business insurance policy that protects the employer against financial loss due to theft, forgery, larceny or embezzlement caused by employee dishonesty.
H1-B Technical Skills Training
This program provides education, training and job placement assistance to highly-skilled incumbent workers and long-term unemployed U.S. workers in the occupations and industries for which employers are using H-1B visas to hire foreign workers.
More About Hiring Foreign Labor