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Corporate Facts

Tax advantages and city and regional incentives make Colorado Springs one of the best areas to consider establishing your business. The high quality labor force, including many ex-military personnel, low levels of unionization and competitive wages attribute to the availability of quality skilled applicants. One of the most sophisticated telecommunications networks and quality utility service at rates far below national averages for electricity, natural gas, water and wastewater contribute a favorable business environment.

Several types of financial incentives may be available to firms expanding in or relocating to the Pikes Peak region.

Training Funding

Customized training may be provided for new employees of eligible companies through funding from the State of Colorado's "ColoradoFIRST" program. Training may be provided for permanent, non-seasonal jobs being created by non-retail companies newly locating to, or undertaking a significant expansion in, Colorado. All direct training program costs are eligible for reimbursement. Pikes Peak Community College is the lead local agency for delivery of training funded under ColoradoFIRST.

Benefits to Eligible Businesses

Most direct training costs are eligible for reimbursement. The employer chooses the trainees, and Colorado First imposes no obligation on companies to hire training program graduates. The company determines the goals and objectives of the training. The company controls training content and delivery. Paperwork and red tape are minimal. Pikes Peak Community College, the lead local agency for delivery of the Colorado First program in the Colorado Springs area, administers and monitors the grant. Assistance with employee screening and assessment may be included. Confidentiality is maintained.

This is just a sampling of the financial incentives available. For more information please consult the Colorado Springs chapter of the Better Business Bureau.

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