Pueblo Urban Renewal
Urban Renewal Districts exist within portions of the following Opportunity Zones:
- Corona Park
- Evraz Industrial District
- Lake Minnequa
- Bonding and upfront financing, for infrastructure, is available for qualified development projects.
- Reimbursement of tax increments, generated by the project, may be available to the developer.
City Development Incentives
The incentives offered will be determined on a project-by-project basis and may include the following:
- Utility Tap Rebate Program
- Property Tax Rebate Program (Not Applicable within Urban Renewal Areas)
- Stormwater Utility Fee Rebate
- City Financial Incentive Program for Job Creating Projects
- City Sales and Use Tax Capital Improvement Fund
- Tax Increment Financing
- Tax Exempt Private Activity Bonds
- Streamlined Development Approvals
- Community Development Block Grant Infrastructure Improvements (Qualifying Neighborhoods Only)
- HOME Investment Partnership Program
- Affordable Housing Land Bank Program
- Pueblo Corporate College provides professional and technical training programs customized for your business. Whether you manage a small business or a large corporation Pueblo Corporate College offers organizational training for all your employees based on their diverse needs and your specific goals. Pueblo Corporate College also understands that to succeed the people in your organization must continue to grow and learn. Our talented team brings a wealth of experience to the table to help solve organizational challenges. Our solutions based approach helps you train and retain a skilled and motivated workforce.
- Programs are delivered either at your company facility or at one of the Pueblo Community College or Southwest Colorado Community College campuses. Clients turn to us for training solutions to meet strategic business goals and consulting solutions to improve individual, team and organizational performance.
Job Growth Incentive Tax Credit:
The performance-based Job Growth Incentive Tax Credit provides a state income tax credit to businesses undertaking job creation projects that would not occur in Colorado without this program.
The Strategic Fund Incentive program supports and encourages new business development, business expansions and relocations that have generated new jobs throughout the state. In some cases, the Strategic Fund may also be able to provide support for initiatives lead by non-profit entities pertaining to key industries or regional development.
Job Training Grant Programs FIRST/ Existing Industry Customized Training Programs
These programs increase transferable job skills that support both the company’s economic competitiveness and enhance worker’s resumes and long-term employment opportunities.
Advanced Industry Investment Tax Credit:
Pueblo Enterprise Zone Tax Credits
Businesses located within the approved Zone are eligible for a variety of State tax credits. Access a detailed list and an interactive map to determine if your business is located within the Pueblo Enterprise Zone, choosecolorado.com/ez.
Incentivizes business and real estate investment in low-income communities of the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions (CDFI) Fund and allocated by local Community Development Entities (CDEs) across the United States.
Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.
The U.S. Economic Development Administration (EDA), a bureau within the U.S. Department of Commerce provides grant funding that prepares American regions for economic growth and success in the worldwide economy. Southern Colorado Economic Development District (SCEDD), a regional non-profit organization funded by EDA, assists local governments in applying for and securing these grants to provide funding for public infrastructure to support projects that create well-paying private sector jobs. These grants, typically in amounts up to $3 million, can fund water and sewer improvements, roads, bridges, rail, broadband, and more. A local match of 20 to 50 percent (dependent on regional demographics) is required.
This 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. You must apply for and receive certification from the Colorado Department of Labor and Employment WOTC Unit, verifying that any new hire is a member of a WOTC target group before you can claim WOTC on the federal tax return. This must be done within 28 days of the new hire’s start date.