Lafayette Enterprise & Opportunity Zones

What is an Enterprise Zone?


The Enterprise Zone (EZ) is a state funded program that was created 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. Areas of Longmont, Lafayette, and Broomfield recently received the North Metro Enterprise Zone designation.

What does this mean for your business?


EZ incentives and tax credits can have a significant impact, from $1,000 to $500,000.

Are you in the North Metro Enterprise Zone?


Visit www.advancecolorado.com/ez to determine if your address or parcel number is located in the EZ and qualifies for tax credits starting in 2016.
Lafayette enterprise zone









 View a map of the Lafayette Enterprise Zone

Enterprise Zone Information Sheets

 

Download the North Metro Enterprise Zone Overview
Download the Colorado Enterprise Zone Fact Sheet


View a video presentation about the new Lafayette Enterprise Zone


Applications, requirements, and additional information can be found at: www.advancecolorado.com/ez

Questions about the Enterprise or Opportunity Zone?
Roger Caruso
Asst City Administrator/Economic Development Director
rogerc@cityoflafayette.com
303-661-1262

What is an Opportunity Zone?

Opportunity Zones encourage economic growth via private capital investment by providing a tax incentive for investors to reinvest in disadvantaged communities. This program will bolster new business starts and business growth and development of real property and infrastructure in locations that are well positioned for investment.

Under the Tax Cuts and Jobs Act of 2017, Colorado was able to designate 25 percent of its eligible, low-income census tracts as Opportunity Zones. The Colorado Office of Economic Development and International Trade (OEDIT) and the Department of Local Affairs (DOLA) collaborated with a broad group of stakeholders, including economic developers, community partners, local governments, state legislators and investors in order to select Colorado's Opportunity Zones.

What functions do Opportunity Zones perform?

  • Promote economic vitality in parts of the state that have not shared in the general prosperity over the past few years
  • Fund the development of workforce and affordable housing in areas with escalating prices and inventory shortages
  • Fund new infrastructure to support population and economic growth
  • Invest in startup businesses who have potential for rapid increases in scale and the ability to “export” outside the state of Colorado
  • Upgrade the capability of existing underutilized assets through capital improvement investments

Where is the Opportunity Zone located in Lafayette?

View a map on the State website:
https://choosecolorado.com/oz/ 

Where can I learn more about the Opportunity Zone program?

https://choosecolorado.com/oz/ 

Questions about the Enterprise or Opportunity Zone? 
Roger Caruso
Asst City Administrator/Economic Development Director
rogerc@cityoflafayette.com
303-661-1262

Opportunity zone graphic