Larimer County has adopted an Economic Development Incentive Policy for Larimer County, which summarizes their major programs.
The Enterprise Zone Program is administered by Larimer County, and the specific tax benefits of the program are described here.
Personal Property Tax Rebates
The Larimer County Board of Commissioners have the ability to offer personal property tax rebates to qualifying businesses in order to help achieve their economic development goals. Larimer County’s policy for qualifying companies is to rebate up to 50% of personal property taxes for up to five years. Weld County’s policy for qualifying companies is to rebate up to 50% of personal property taxes for up to ten years (state stature). Business Incentive proposals are evaluated on the overall economic impact to the County that includes such factors as the amount of capital investment, employment growth, industry classification and wage levels for jobs being created.
All incentives are considered on a case by case basis and incentives will only be considered prior to a company making a final site location decision.
The Larimer / Weld Business Loan Fund
The Larimer / Weld Business Loan Fund (BLF) was established to assist with the financial needs of companies expanding or locating in Larimer or Weld County. The BLF can provide short-term financing for up to 45% of project costs, and may assume a second or third collateral position in order to leverage other lender involvement. The minimum loan amount is $25,000. Based on the financial needs of the applicant, the use of the borrowed funds and the borrower’s credit history, typical terms will be for a term of 5-7 years and interest rates are based on the prime rate.
For the Estes Park region, applicants to the Weld/Larimer Revolving Loan Fund (RLF) Committee must be Larimer County residents and have a good understanding and working knowledge of the commercial loan process from the perspective of a lender. Click here for the Larimer / Weld Business Loan Fund Application Package.