Economic Development Commission

Economic Development Commission

The Colorado Economic Development Commission (EDC) was created by the Colorado General Assembly to promote economic development in Colorado. It consists of 11 members, with three members appointed by the Senate, three appointed by the House, and five appointed by the Governor.

The EDC Members are tasked with reviewing the economic condition of Colorado, developing and implementing programs for the promotion of economic development in Colorado, and ensuring that such economic development programs create employment opportunities for Colorado residents and benefit Colorado companies across the state. The EDC approves incentives from the economic development funds to public and private entities throughout the state to help existing businesses expand and new companies locate to Colorado.

All policy and funding decisions are made by commission members. The commission is also responsible for policy decisions concerning the state Enterprise Zone program.

 EDC Goals

  • In cooperation with state, local and private entities, EDC staff develops incentive packages to assist with existing business expansions and new company relocations in order to promote job creation and retention in all regions of the state. In determining whether to approve incentive awards, the EDC reviews the number of jobs created, average salary levels, location and other factors.
  • The EDC has oversight for the Strategic Fund, Regional Tourism Act and the Job Growth Incentive Tax Credit program.
  • Identify and support specific programs and activities that assist rural economies.
  • Support economically distressed areas by providing state money which will be matched by local areas.
  • Assist state agencies in producing marketing materials and products that support ongoing business development efforts.
  • Develop and support events and activities that create business development leads and that promote Colorado nationally and internationally.

EDC Meeting Agenda and Minutes
The EDC typically meets on the third Thursday of the month.  Below are the tentatively scheduled meetings dates, which are subject to change at the discretion of the EDC:

View / Download 2019 meeting schedule

January 17: Agenda | Minutes

February 21: Agenda | Minutes

March 21: Agenda | Minutes

April 18: Agenda | Minutes

May 16: Agenda


EDC Annual Report

View Archived EDC Annual Reports


For more information, please contact Virginia Davis, 303-892-3840.

Economic Development Commission