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FINANCIAL ASSISTANCE & INCENTIVES

Businesses will find a friendly, helpful environment in the flourishing Grand Valley area. The Grand Junction Economic Partnership will work directly with individual companies to develop an incentive package tailored to meet its unique needs and requirements.

Cash & Land Grants

Local Funds

Depending upon certain criteria, the Grand Junction Economic Partnership can offer direct cash grants, land grants or land discount options. Incentives are made, when appropriate, if Mesa County is in competition with one or more locations and the offer of an incentive can induce or persuade a decision in Mesa County's favor. Cash and land grants are available for both new (relocating) business and existing business expansions.

The following criteria must be met by any business hoping to utilize local incentive funds:

• Currently operating with a successful financial track record. Favorable consideration may be made if a "new" business has strong financial assets and qualified management.
• Create "primary" jobs, defined as manufacturing, distribution or service jobs.
• Provide a product or service which is "exported" from Mesa County.
• The ability to make the transition, either expansion or relocation, in the absence of the incentive.

Grand Junction Economic Partnership incentive offers are predicated upon three components:

1. Number of new jobs created in Mesa County.
2. Wage level of those jobs.
3. Total new capital investment.

State Funds

The State of Colorado's Office of Economic Development and International Trade works with the Grand Junction Economic Partnership to provide financial incentives on a case by case basis.  The variety of business incentives available can be found here.

Financing

Various methods of financing are available for new and expanding businesses.  Please contact GJEP at (970) 245-4332 for more information.

Tax Credits

• Enterprise Zone: A number of tax credits are available to companies that locate in Enterprise Zones. The purpose of the Enterprise Zone program is to create jobs and promote investments within that area. In Mesa County the program is administered by the Business Incubator Center. 
• Colorado Aircraft Manufacturer Tax Credit: Aircraft manufacturers located in a Colorado Aviation Development Zone may qualify for a state income tax credit of $1,200 per new employee.  The Grand Junction Regional Airport is a designated aviation development zone.

Other

• Hub Zone: Locating within a designated HubZone affords many contracting opportunities with various governmental offices. Much of the commercial and industrial areas of Grand Junction are a HubZone.