Enterprise & Opportunity Zones

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Enterprise Zones

The Colorado Enterprise Zone (EZ) program is a program that encourages job creation and capital investment in targeted economic areas with the hope of encouraging investment. Lakewood is in the Jefferson County Enterprise Zone. 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.

Follow EZ steps to claim your EZ tax credits on the Choose Colorado Website:

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.

 

Opportunity Zones

The Tax Cut and Jobs Act of 2017 established a new economic tax incentive called Opportunity Zones. The incentive is designed to encourage long-term, private investments in low-income census tracts by providing a federal tax incentive for taxpayers who reinvest unrealized capital gains into Opportunity Funds, which are then invested into opportunity zones.

To learn more visit State of Colorado Opportunity Zones.

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

Map of Designated Opportunity Zones in the City of Lakewood.