Agency / Department: El Paso County (CO) Economic Development
Resource: Pikes Peak Enterprise Zone (EZ) Business Relief Fund
Details: The goal of Enterprise Zone Contribution Projects is to create or preserve an environment that will help attract, expand, or retain employers in the Enterprise Zone. To encourage Colorado taxpayers to make contributions to this special initiative of assisting Pikes Peak EZ small businesses impacted by COVID-19, a State Income Tax Credit equal to 25% of monetary contributions is available. The Pikes Peak EZ Business Relief Fund will aid businesses located in the Enterprise Zone with any of the following types of assistance: rent or mortgage assistance, utility payments, employee payroll, accounts payable and other bills, and for payment of fixed debts. Upon application review and approval, EZ businesses may receive up to $7,500 in grant funds.