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Local and Enterprise Zones

Recent Changes to Enterprise Zone

The Colorado Enterprise Zone (EZ) program is a program that encourages job creation and capital investment in targeted economic areas. The program provides tax credits to businesses and projects to promote and encourage economic development activities. Enterprise Zone benefits are aimed at encouraging business attraction, retention and growth. Lakewood is in the Jefferson County Enterprise Zone. All the zones across the state were re-evaluated in 2015 and new boundaries were determined. The new boundaries went into effect January 1, 2016. Inclusion in the zone allows businesses and (in some instances) property owners to claim annual state income tax credits for such things as capital investments, hiring employees, research and development expenditures, and more.

EZ steps to claim your EZ tax credits:

  1. Verify that your address is located in an Enterprise Zone.
  2. Pre-certify your business to be eligible to claim credits.
  3. Claim your state income tax credits when you file.

If you have questions contact the Economic Development team at ed@lakewood.org or at 303-987-7730.

Other Local Incentives

The City of Lakewood offers incentives competitive with other major municipalities and states. Our incentives are considered on a case-by-case basis to ensure there is clear public benefit to justify the incentive. Lakewood’s Economic Development Division can facilitate expansion and relocation incentives through the City of Lakewood, Jefferson County and the State of Colorado.

Some available incentives in Lakewood include:

  • Rebate of fees and taxes
  • Training
  • Analysis, data and reports
  • Expedited development review

The City of Lakewood’s Incentive Policy is contained within our Municipal Code available in the document section on this page.

Reinvestment Area Summary

Acres                              589
Year Adopted 1998, Phase 1
2000, Phase 2
Year Complete 2025
Current Project Belmar