Incentives & Financing
Building Business with Money and Assistance
The Town of Castle Rock may elect to provide Economic Development Assistance for the retention, expansion or new location of targeted businesses that help the community achieve its stated goals. These goals currently include:
For more information, contact the Castle Rock EDC, 303.688.7488.
Incentives valued at $100,000 or less may be approved administratively by the joint signature of the Town Manager and the EDC CEO. Incentives valued more than $100,000 must be approved by Castle Rock Town Council.
Targeted businesses identified in the policies include:
Depending upon the project, a variety of assistance is available, including:
Colorado’s Office of Economic Development and International Trade (OEDIT) provides information on state-level incentives available to qualifying businesses. Some of the current programs include:
The Community Services Division of the Community Development Department is the lead agency for Douglas County Community Development Block Grants (CDBG). A CDBG is a federally funded grant through HUD that was created to improve the physical, economic, and social conditions for low- and moderate-income residents or low-income areas. In Douglas County, it can be used for:
The Douglas County CDBG program year runs from Aug. 1 to July 31. For more information call Jennifer Eby, CDBG Administrator, at 303.660.7460 or e-mail her at firstname.lastname@example.org.
The State of Colorado allows local taxing units to provide incentive rebates to new or expanding companies. These rebates are negotiated with the local county or municipality and can be as much as 50% of the amount of taxes levied by the county upon the taxable personal property directly attributable to the new business or existing business’ expansion. This rebate is allowed for a maximum of four years. Note: For certain targeted businesses, other incentives may be available on a case-by-case basis.