GRA Summer Research ConferenceGRA Summer Research Conference

Denver, ColoradoDenver, Colorado

August 6, 2007August 6, 2007

Metro Denver IncentivesMetro Denver Incentives

• Colorado is at the bottom of available research incentives compared to the rest of the country.

• State of Colorado has a total of approximately $9,000,000/yr. for job training, relocation incentives.

• Most incentives are tax rebates

What Site Selectors SayWhat Site Selectors Say

• When we get down to the final three, incentives do matter

• Incentives don’t make a bad deal good

• Labor and making a smart business decision is more important to the bottom line.

• We’ll be apart of the community longer than an incentive.

What Companies SayWhat Companies Say

• Important to have a great website – Data intensive– Easily searchable– Downloads available

• Research available that compares communities that had standardized info

• Consistent data for all communities

Tax IncentivesTax Incentives

• EZ Zones, Personal Property Tax rebates

• Sales and Use Tax Rebates at the local level

• But Tech companies and Bioscience companies can’t use most tax credits

We had to get creativeWe had to get creative

• Developed an Economic Impact Model

Considers Inputs and Outputs

• Performance Incentive Agreements– Known amount that each company can

receive… rewarding higher paying jobs

Investment as an incentiveInvestment as an incentive

• Investment in Infrastructure– FasTracks - $4.7 billion light rail build out– T-REX - $1.67 billion multimodal project– DIA – New International Airport\– Major League Baseball, Hockey and new

Football Stadium