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Metro Denver EDC expands site selection Web site
Google technology and social media tools provide expanded options for location and expansion
 The Metro Denver Economic Development Corporation (Metro Denver EDC) has ramped up its site selection Web site
MetroDenverGIS.org with state-of-the-art technology to help companies find the perfect location in the Metro Denver and Northern Colorado region.
In addition to gathering economic, planning, infrastructure, geographic, and demographic information into a "one-stop-shop" business portal, the newly upgraded MetroDenverGIS.org site now integrates the industry-standard Google map interface, the ability to run extensive data reports by city and county, and the latest in social media tools.
"The industry is rapidly evolving and this new design is a continuation of the Metro Denver region's efforts to be a creative leader in economic development tools and practices. By embracing these cutting-edge technologies, we are providing our brokers and site selectors with the latest tool to conduct their business," said Holli Baumunk, vice president of the Metro Denver EDC.
The newly enhanced site features a user-friendly interface that allows users to view the nine-county region using familiar Google Earth and Google Maps Street View capabilities, and to zero in on their location of interest using the dynamic Zoom In and Zoom Out functionalities.
Learn more:
» Complete article on metrodenver.org
» Site selection center on metrodenver.org
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New job creation incentive legislation takes effect in August
 New landmark legislation signed by Colorado Governor Bill Ritter in May goes into effect in early August.
House Bill 1001, The Tax Credit for Colorado Job Growth, allows companies to apply to the Colorado Economic Development Commission (EDC) for a state income tax credit based on the payroll tax cost they incur from creating new jobs. To qualify for the credit, companies must create at least 20 new jobs in urban areas or five new jobs in rural areas, and pay wages above the local average.
The new incentive legislation will help companies create new jobs and allow Colorado to compete against other states for new businesses. For this credit to be granted, the company or program must prove that if not for this credit, the company would not otherwise move to or expand within Colorado.
"This incentive has definitely made a difference in the minds of our prospect companies," explained Tom Clark, executive vice president of the Metro Denver EDC. "It is a deal-changer in the truest sense of the word. While other states like
Arizona are cutting incentive programs, Colorado is poised to take a giant step forward in job creation."
Learn more:
»
News release on metrodenver.org
» Tax Credit for Colorado Job Growth factsheet (PDF)
»
HB 1001 (PDF)
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Colorado using Web to share info on stimulus opportunities
State also named second for transparency in stimulus spending
 Several Metro Denver business groups teamed up to launch
StimulusColorado.org, a Web site that serves as a communal space for businesses and organizations to share information and develop strategic partnerships as discretionary and competitive grants from the American Recovery and Reinvestment Act (ARRA) are released.
The Web site focuses primarily on business-related stimulus dollars in the areas of infrastructure, energy, healthcare information technology, tax breaks and incentives, small business loan guarantees, and advanced manufacturing tax credits.
AGC Colorado, the Colorado Association of Mechanical & Plumbing Contractors, the Colorado Contractors Association, the Denver Chamber of Commerce, and the Metro Denver EDC collaborated on the site, which launched to the public on July 1.
Also, a recent study by Good Jobs First
rates the state of Colorado No. 2 in the nation for transparency when it comes to stimulus spending analysis on the Colorado Recovery Web site. "The paramount objective of the Recovery Act is job creation and retention. Yet only four states-Colorado, Maryland, Washington and West Virginia currently provide any employment data for individual projects on their main ARRA site," according to the report.
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