Helping new businesses start in or move into rural areas and hire new employees.
Rural Jumpstart
The Rural Jump-Start Tax Credit helps new businesses start in or move into rural, economically distressed areas and hire new employees. In a designated rural jump-start zone, the program offers the following benefits for relocating and nonduplicative businesses:
- state income taxes for the new business
- state sales and use tax for the business
- 100% of county personal property taxes for the business
- municipal personal property taxes for the business (in participating municipalities)
- 100% of state income taxes for the employee
Local governments also sometimes provide additional tax relief from other county or municipal taxes.
Approved companies and their employees have four years of tax relief, with the possibility of extending it another four years. Your business may use rural jump-start tax credits only for each year you receive them. These tax credits do not carry forward to future years.
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If you are interested in opening or relocating a business to Pagosa, the PSCDC has a wealth of resources at their fingertips with a Rapid Response team to assist you. The close ties to the Pagosa Springs Chamber of Commerce, the Southwest Small Business Development Center, Town of Pagosa Springs, Archuleta County, and Region 9 Economic Development District give all businesses a leg up on consultation, educational opportunities, and financial assistance.