Wednesday, June 11, 2014

Mesa County’s Business Personal Property Tax incentive program continues to benefit local businesses

On Monday, June 9, 2014: Mesa County Commissioners approved Business Personal Property tax incentive rebate for Edgewater Brewery. The Agreement is for ten tax years and will commence for the tax year 2014. Per the Assessor’s office calculations, first year of the tax incentive (2014) will result in rebate of $3,552.00.

Edgewater Brewery invested 1.1 million dollars and created 27 jobs. An excellent example of how tax incentives help promote economic development activities within Mesa County and generate employment opportunities for Mesa County Residents.

An invitation business to owners: this incentive is available now. Originally introduced following the passage of legislation in 2012 (C.R.S. 30-22-123) this allows Colorado counties to reimburse a company up to 100 percent of the county's share of business personal property tax revenue for up to a decade, if the business invests at least $1 million into moving into or expanding existing operations in the county.

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