![]() These counties are currently Rural Jump-Start zones: Alamosa, Archuleta, Clear Creek, Costilla, Conejos, Delta, Dolores, Fremont, Garfield, Huerfano, Kiowa, Kit Carson Lake, Las Animas, Lincoln, Logan, Mesa, Moffat, Montezuma, Montrose, Morgan, Otero, Phillips, Prowers, Pueblo, Rio Blanco, Rio Grande, Routt, San Juan, Sedgwick, and Yuma Once the EDC approves a Rural Jump-Start zone, the zone will exist until the county loses its economically distressed status. Each municipality can contain only one Rural Jump-Start zone. The EDC can approve an unlimited number of Rural Jump-Start zones. Be in a metropolitan statistical area as defined by the U.S.Designated as an Enhanced Rural Enterprise Zone or.Percent of students eligible for free school lunch is higher than the state average.During the past 5 to 10 years, the area lost population in the workforce age range.Average unemployment level during the last five years is at least 20% above the state average.County-wide personal income is at least 20% below the state average.Per capita income is at least 20% below the state average.Rural Jump-Start zones MUST meet at least three of these requirements: The area needs to be in a county with a population of fewer than 250,000 people. Step 1: Receive designation as an economically distressed, rural county by the Colorado Economic Development Commission (EDC)Īn area will qualify as a Rural Jump-Start zone based on population and economically distressed measures, as explained below. Step 4: Apply in Salesforce to Become a Rural Jump-Start Zoneĭetails for each of the four steps are explained in more depth below. Step 3: Pass County and Municipality Tax Relief Resolutions Step 1: Receive designation as an economically distressed, rural county by the Colorado Economic Development Commission (EDC) The Rural Jump-Start Program will accept applications for the tax benefits through Decemand for the grant benefits through June 30, 2024.īelow is an overview of the four main steps a county/municipality must go through to become designated as a Rural Jump-Start zone. If a business is located in a Rural-Jump Start zone that is also a Tier 1 Just Transition community, businesses can receive a matching grant of up to $40,000 as a newly established business and up to $5,000 per New Hire.If a business is located in a Rural-Jump Start zone, businesses can receive a matching grant of up to $20,000 as a newly established business and up to $2,500 per New Hire.Grant benefits are dependent on the business' location: State income tax for qualified New Hires. ![]() Municipal personal property tax for the new business (in participating municipalities) and.County personal property tax for the new business.State sales and use tax for the new business.If you are a business interested in participating in this program, please review all program qualifications, discussed in greater detail under the Business Eligibility section below, before applying. To be eligible, businesses cannot be operating in the State of Colorado at the time of application and cannot compete with similar businesses in the county where they are locating or an adjacent economically distressed county. Rural Jump-Start began in 2016 as a tax incentive program, and in 2021 a grant program was created, for businesses located in a Rural Jump-Start zone. The Rural Jump-Start Program is a collaborative effort by the state, local governments, Institutes of Higher Education (IHE), and economic development organizations (EDO) to incentivize new businesses to start in or move to rural, economically distressed counties in Colorado, which are referred to as Rural Jump-Start zones, and hire new employees. ![]()
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