Enterprise Zone administrator named to new state task force

The administrator of a program that offers tax credits designed to encourage businesses to open or expand in Mesa County has been appointed to a new tax force reviewing that effort statewide.

Kjersti Hudson, administrator of the Mesa County Enterprise Zone program, is among 15 people appointed by Colorado Gov. John Hickenlooper to the state task force. Hudson works out of the Business Incubator Center in Grand Junction, which administers the Enterprise Zone program in Mesa County.

State legislation enacted earlier this year created the task force to determine whether or not the Enterprise Zone programs works in spurring job growth.

The task force is scheduled to meet five times between July and November to review the criteria for establishing an enterprise zone, assess the effectiveness of tax credits in promoting job growth and achieving other purposes of the program and address other issues related to the program. The task force could continue to meet after November if additional work is deemed necessary.

The Enterprise Zone program is designed to promote economic development and job growth by offering Colorado tax credits for new jobs, job training, capital expenditures, employer-sponsored health insurance and rehabilitating vacant buildings. Tax credits also are available for donors who contribute to approved Enterprise Zone projects.

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Posted by on Jul 11 2012. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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