Business Incentives
DDA Grants and Incentives
The Downtown Development Authority (DDA) offers grants to businesses and/or property owners in the DDA district to improve facades, organize collaborative events, increase safety & security, renovate buildings, and redevelop properties.
Enterprise Zone State Income Tax Credits
Businesses operating within the boundaries of the EZ map can receive various state income tax credits for equipment investment, new employees, job training, R&D, vacant building rehab, and more. To qualify, businesses must obtain a pre-certification each year prior to engaging in an activity they intend to claim a credit on.
Opportunity Zone Tax Benefits
Almost the entire Greeley Downtown Development Authority boundary is designated as an Opportunity Zone. The Opportunity Zone program is a federal incentive that encourages long-term private investments by giving investors tax benefits for investing in real estate projects and operating businesses. Investors receive tax incentives in the form of deferral and elimination of state and federal capital gains taxes.
Greeley Community Development Fund
The Greeley Community Development Fund ('GCDF') assists with the financial needs of companies expanding or locating to the City of Greeley. The GCDF provides short-term financing or loan guarantees for up to 45% of total project costs, when the remaining project costs are funded through banks, private investors, or other loan programs.
Preservation Tax Credits
Preservation Income Tax Credits are designed to encourage the renovation and re-use of older buildings. There are 2 types of tax credits available: a 20% - 35% State Income Tax Credit (STC) and a 20% Federal Income Tax Credit.
State Historical Fund Grants
History Colorado's State Historical Fund fosters heritage preservation through tangible and highly visible projects for direct and demonstrable public benefit. State Historical Fund offers two grant programs based on the purpose of your project and grant request amount.