City of Fort Collins Incentive InformationLOCAL 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.
Local Incentive Options:
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Loveland No Use Tax Program
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Fort Collins Manufacturing Machinery & Equipment Use Tax Rebate
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Industrial Revenue Bonds
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Fort Collins Utilities - Commercial and Industrial Energy Efficiency Rebate Program
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Loveland Water & Power - Commercial Energy Efficiency Rebate Program
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Loveland Water & Power - Residential & Commercial Cooling Efficiency Program
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Loveland's Aviation Development Zone
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Low Utility Costs...Loveland & Fort Collins in bottom 3 in the state
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Local Tax Abatement - Cities may consider waiving or rebating local sales/use taxes for construction materials, personal property, and manufacturing equipment.
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Personal Property Tax Credits - Cities, counties, and special districts may negotiate a personal property tax rebate of up to 50 percent for 10 years.
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Expedited Development Review Process: NCEDC and governmental partners can assist with expediting regulatory and permit process/development review process.
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Waiver of Permit Fees - In addition to expediting the building permit process, cities may choose to waive all or part of various permit fees.
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Larimer/Weld Revolving Loan Fund
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Liaison/Point of Contact: Will work between any and all governmental entities involved in transaction.
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Technology Commercialization Funding - Colorado State University