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:

high quality nonresidential development

creating regional draws that bring revenues to the community

preserving and enhancing Downtown Castle Rock as a central business district

becoming a free-standing, self-sufficient community

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:

Primary employers creating or retaining high paying jobs that match the skills of the Town’s workforce

Post high school educational and training facilities

Recreation and entertainment facilities

Retailers currently under-represented in Castle Rock

Depending upon the project, a variety of assistance is available, including:

Expedited development review and approval schedules

Waiver or reduction of annexation, rezoning and platting fees

Rebates of Building Permit, Utility System Development and Development Impact fees

Rebates of Building Use, Sales or Property taxes

Assistance with public infrastructure requirements

Assistance with applications for Federal, State, County or School District programs

Sales tax sharing

Colorado Incentives

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:

Aircraft Manufacturer Tax Credits

Biotechnology Sales and Use Tax Refund

Colorado Economic Development Commission

Colorado FIRST and Existing Industry Job Training Assistance

Enterprise Zone Tax Credits

Local Infrastructure Assistance

Local Property Tax Incentives

Manufacturing Revenue Bonds

Colorado Film Incentives Cash Fund

Community Development Block Grants (CDBG)

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:

Affordable housing development

Public facilities improvements

Economic development

Public Services

Home ownership

Housing services

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

County Rebates

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.

For information contact Becky Nelson at Douglas County, 303.660.7449.