Program Helps Promote Investments in Local Community
KREX News Room
DELTA, Colo.- Three Delta area non-profits were busy on Tuesday, learning more about Region 10's "Enterprise Zone Program.”
Haven House, Delta County Economic Development and Crested Butee Performing Arts Center now qualify for this special program.
Officials believe it will not only help them flourish as an organization, but also help the community as a whole since this program provides incentives for donors to give to them, which will trickle to the neighborhood.
“Economic development in general helps my business by creating and retaining jobs that will become customers who come and shop,” said Scott Thomassen, owner of Classic Computers.
This is why he provides in-kind services to the Delta County Economic Development, but now his efforts and time spent away from his shop will be justified since the DCED is now one of the programs that qualify for Region 10's Enterprise Zone Program.
“This helps them a great deal because any of the local chartable donors can get 25 percent federal tax credits,” said Rhona Keckler, enterprise coordinator for Region 10. “But only the state approved economic development projects are entitled to also claim 25 percent state tax credits.”
Whether its in-kind services, or monetary donations, director of the DCED Sarah Carlquist says these funds will help Delta community as a whole.
“It will help promote the creation and expansion of businesses in the region,” said Carlquist. “Then we can also provide business support and assistance for marketing, helping to promote tourism and then also offering some education training even to our agricultural sector.”
However, there is a twist. Carlquist says your donation must fall under a specific project area.
“DCED, as an economic development agency, we have our project cover area,” said Carlquist. “So if you have something that you would like to donate to that is within that area, you will receive a percentage of those funds back.”
These are funds that will help small business owners like Thomassen.
“Economic development is very important and anything that helps encourage people to invest in it is just as important,” said Thomassen.
There are a total of 26 programs in the Enterprise Zone Program that stems across six counties.
Officials say in the past this program has brought dollars to all the communities, as well as created jobs and supported businesses.