Commerce City, Colorado’s Innovative Incentive Program

With the input of the local business community, Commerce City designed a creative and effective strategy to position the City well to survive during the downturn and to achieve greatness during the recovery. In 2010, Commerce City has doled out more than $2.5 million in incentives to businesses, homebuilders and homeowners, resulting in the creation of nearly 450 jobs and $30 million in capital investments.

The City of Commerce City’s Incentive Program includes, but is not limited to, offering home builders a $1,500 rebate for every home built in 2010 or 2011, providing new grocery and eating places with a 50 percent sales-tax rebate for the first two years of operation, and temporarily waiving half of the building fees associated with residential home improvements. There are rebates available to "green" businesses and “energy efficient” building practices as well. And if a new or existing business in one of the five Commerce City Target Industries aims to create more than 50 jobs or invest more than $10 million in capital improvements, it is eligible to get above what is offered in the package.

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