INCENTIVES
Larimer County Incentive Information
Local discretionary incentives in Larimer County are determined on a case-by-case basis. With limited resources at their disposal, the Larimer County communities traditionally use three general criteria in determining where to employ public monies for business assistance. They are as follows:
1.
Discretionary incentives traditionally are focused on targeted industry clusters in the region. These target clusters include Renewable Energy, Semi-Conductor Manufacturing, Bioscience, Agricultural Technology and Software/IT.
2.
Additionally, discretionary incentives are utilized for primary employers paying wages over the Larimer County average annual wage. Currently, the County average annual wage is $41,600. Loveland typically offers incentives only on jobs which pay 150% of the average annual wage or $62,400 (please see the attached document for more detailed eligibility requirements and possible incentives for the City of Loveland). Fort Collins does not have a set percentage over the County average annual wage; however, they tend to take the State’s lead in using at least 110% or $44,660. Other communities in Larimer County review wages paid on a case by case basis.
3.
Though there is no set number, the final criteria used in incentive consideration is if the company is making a considerable investment in building and personal property, particularly in locations where the cities feel private investment is needed.