Government & Incentives

An applicant can apply for enhanced or increased sales and/or use taxes, and/or permit fees. This process is approved by the Town Trustees. The assistance policy was created to target new and expanding businesses that diversify our economic base and continue to provide for the fiscal health of our community while respecting our environment and our unique small town feel. 

The Town of Bennett, through the Benefits of Bennett (BOB) program, offers reimbursement grants covering up to 50% of eligible costs for general improvement projects and up to 70% of eligible costs for projects that bring a building into greater compliance with the Bennett Municipal Code. Businesses may receive up to $5,000 per qualifying project. The program’s purpose is to support eligible property owners and tenants in upgrading the appearance of storefronts, building facades, or primary public entrances, as well as remediating existing code non-compliance, in order to foster a vibrant commercial environment in Bennett, Colorado.

The BOB program is a reimbursement-based grant initiative, administered on a first-come, first-served basis and contingent upon annual Town funding. To be eligible for reimbursement, businesses must first receive approval for the BOB grant and any applicable permits from the Town prior to beginning construction. Importantly, approved recipients are required to submit paid invoices for the completed work, which will undergo verification and approval by the Town. Reimbursement will only be issued once the project is confirmed to be complete, compliant with all applicable Town codes, and fully documented. Please note: this program does not reimburse sales tax, Town permits, or application fees.

The goal of the BOB program is to assist small businesses particularly those along Bennett’s core downtown corridor with enhancing the exterior of existing structures. Whether modernizing outdated facades or upgrading signage to meet current standards, the program aims to improve the overall aesthetic and economic vitality of the Town by supporting property improvements that benefit both businesses and the community.

Benefits of Bennett Grant Application

Colorado’s Enterprise Zone program provides tax incentives to encourage businesses to locate and expand in designated economically distressed areas of the state. There are 16 Enterprise Zones and 2 sub-zones in Colorado, including the Town of Bennett. Businesses located in an Enterprise Zone may qualify for up to nine Enterprise Zone Tax Credits that encourage job creation and investment in the Enterprise Zone. 

Major Benefits 

• Investment Tax Credit (3%) - This is the most widely used tax credit. It essentially allows businesses in the EZ to receive a credit against their state income tax of 3% of their capital investment in equipment. This is available to all businesses in the EZ.
• Training Credit (12%) - This allows businesses that make significant investment in human capital to recover 12% of their training program costs as an income tax credit. This is available to all businesses in the EZ.
• New Job Credit ($1,100 per Job) - If a business creates a “new job” in the EZ then it could be eligible to take advantage of this credit. (Existing jobs transferred from another Colorado location are not eligible).
• Health Insurance Credit ($1,000 per Job) - If the employer pays more than 50% of the employees’ health care benefits, there is an extra $1,000 that can be claimed for the first two full income tax years while located in the Enterprise Zone, in addition to the new job credit.
• Vacant Building Rehabilitation Credits – 25% credit for hard costs associated with rehabbing a building that has been vacant for at least 2 years and is at least 20 years old.
• R & D credits – 3% credit for increased investment in research and development. Must be technological in nature, utilize processes of experimentation and useful in the development of new products or services. In house or contract research qualifies.
• Commercial Vehicle Investment Tax Credit – 1.5% of commercial vehicle purchase. (CVITC Application)
• Manufacturing Sales Tax Exemption – There is a state-wide sales tax exemption for companies purchasing manufacturing equipment. Benefits for EZ companies are expanded- can include expensed items, materials used to repair equipment and mining equipment.

Purpose The Colorado Enterprise Zone (EZ) Program was created by the Colorado Legislature (C.R.S. Title 39, Article 30) to promote a business friendly environment in economically distressed areas by offering state income tax credits that incentivize businesses to locate and develop in - and non-profit organizations to assist with the needs of - these communities. Program Description Taxpayers investing in Enterprise Zones can earn a credit on their Colorado income tax by planning and executing specific economic development activities. 

To find out more, click on the following links or contact Adams County Regional Economic Partnership directly. 

Tax Credits

State Map

Enterprise Zone Administrator Contact Information

Enhanced Rural Enterprise Zone

Contribution Projects

Public Records Law & Annual Reports

Adams County Regional Economic Partnership

1870 W. 122nd Ave. Suite 300,

Westminster CO. 80234

The Town has the financial mechanism in place to enter into public improvement reimbursement agreements with private developers and property owners for the design and construction of municipal infrastructure that is included on the Town’s Capital Improvement Plan and serves the developer or property owner.