Please contact EDC staff if you have any questions regarding what incentives are applicable to your business.
All of Lake County is an Enhanced Enterprise Zone, giving tax credits from 3-10% on equipment and personal property purchased for businesses, a $2,500 credit per employee that is hired, up to $50,000 for rehabilitating vacant commercial buildings and much more. Further details can be found at: https://choosecolorado.com/doing-business/incentives-financing/ez/
Most of Lake County is an Opportunity Zone (OZ). This is a means of investing deferred capital gains from another sale (business, stock, home, etc.) into a project in our OZ area. If you hold it for 7 years or more you will pay 15% less on the gain, but if you hold the investment for 10-40 years, you will pay NO capital gains taxes on the new investment. More details can be found at: https://choosecolorado.com/opportunity-zones/
A map of our OZ area:
If you’re looking to locate a business in the City of Leadville, you may be able to apply for Tax Increment Financing through the Leadville Urban Renewal Authority (LURA): https://www.colorado.gov/pacific/leadville/leadville-urban-renewal-authority
Leadville has a Historic Landmark District, making buildings located within this district eligible for federal and state historic tax credits. Victorian home owner may also be eligible for residential tax credit as well:
The State of Colorado Office of Economic Development and International Trade (OEDIT) offers a number of incentives and information to encourage business development and growth. https://choosecolorado.com/