Strategic Fund Incentive

Strategic Fund Incentive

The Strategic Fund Incentive 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 led by non-profit entities pertaining to key industries or regional development.

The Economic Development Commission oversees this program.

Eligibility

A business may receive funding if it proposes to create new jobs in Colorado that are maintained for at least one year. A business must also meet the requirements below:

  • Strong level of local matching commitments ($1:$1 requested)
  • Potential for economic “spinoff” benefits, such as attracting suppliers, generating tourism/travel activity, high prestige, or a large expansion initiative
  • Capital investment, relative to the number of jobs
  • Responds to a special local economic event, such as replacing recent lay-offs
  • Inter‐state competitive factors
  • Other unique conditions

Additional consideration may be given to businesses that do not meet the Economic Development Commission‘s minimum 100% annual average wage rate requirement if additional criteria is met.

Application Process

Businesses interested in requesting a Job Growth Incentive Tax Credit commitment should contact our Global Business Development staff to preliminarily determine if the business meets the requirements.

Reid AronsteinReid Aronstein
Global Business Development Manager
Industries: aerospace, financial services, transportation & logistics, bioscience, tourism, electronics, creative industries
Email Reid

 

Max Nathanson
Global Business Development Manager
Industries: energy & natural resources, IT/software/cybersecurity, advanced manufacturing, infrastructure engineering, outdoor recreation, food & agriculture, health & wellness
Email Max

 

 

Strategic Fund Fact Sheet  Average Annual Wage by County

Reid Aronstein Reid Aronstein Global Business Development Manager reid.aronstein@state.co.us
Max Nathanson Global Business Development Manager (303) 892-3840 max.nathanson@state.co.us