The Town of Bennett offers many incentives for developing in town. Some of those incentives include tax rebates and programs from the local to the state level, predictable development process with defined time frames, recently updated and streamlines land use code, locations within the state enterprise zone, collaborative design and review process, easy access to staff and decision makers, weekly development review sessions and defined development costs.
Economic Development Assistance Policy
An applicant can apply for enhanced or increased sales and/or use taxes, and/or permit fees. This process is approved by the Town Trustees. The assistance policy was created to target new and expanding businesses that diversify our economic base and continue to provide for the fiscal health of our community while respecting our environment and our unique small town feel.
Public Reimbursement Agreements
The Town has the financial mechanism in place to enter into public improvement reimbursement agreements with private developers and property owners for the design and construction of municipal infrastructure that is included on the Town’s Capital Improvement Plan and serves the developer or property owner.
Development Friendly Fee Schedule
Tax Credits and Rebates
An Enterprise Zone (EZ) is considered an economically distressed area where businesses are eligible to receive Colorado Income Tax Credits for activity such as creating jobs and investing in capital.
Foreign Trade Zone
An area within a country where imported goods can be stored or processed without being subject to import duty. Also called a "free zone," "free port," or "bonded warehouse."
Reduced Use Tax for Development