The performance-based JGITC Higher Education Partnership (HEP) provides a state income tax credit to businesses partnering with State Higher Education Institutions (HEI) to support job growth, academic development and economic expansion.
Businesses need to create at least 5 new jobs in Colorado, with an average yearly wage of at least 100% of the state average wage rate. Furthermore, companies must have a written and signed Qualified Partnership Agreement with an HEI. All new jobs must be maintained for at least one year after the positions are hired to qualify.
Businesses interested in requesting a JGITC HEP commitment should work with their local economic development representative and contact OEDIT Global Business Development Staff to preliminarily determine if the business meets the requirements. (303-892-3840 or [email protected])
For more information, see the following: