The Colorado Economic Development Commission (EDC) was created by the legislature to promote economic development in Colorado. It consists of nine members  five of whom are appointed by the Governor, two by the President of the Senate and two by the Speaker of the House. The EDC approves loans and grants from the economic development fund to public and private entities throughout the state to help existing businesses expand and new companies locate to Colorado. It also implements marketing programs to support ongoing business activities. All policy and funding decisions are made by commission members. The commission is also responsible for policy decisions concerning the state Enterprise Zone program.

Click here to view EDC Annual Reports.

Program Goals

• In cooperation with state, local, and private entities, EDC staff develops incentive packages to assist with existing business expansions and new company relocations in order to promote job creation and retention in all regions of the state. In determining whether to approve incentive awards, the EDC reviews the number of jobs created, average salary levels, location, and other factors.

  Parties interested in EDC incentive awards should contact OEDIT Business Finance  staff.

• The EDC also oversees the  Job Creation Performance Incentive Fund  and the  Enhanced Performance Incentive , which provide incentive payments based on the creation and maintenance of high-wage jobs.
  
• The EDC oversees the Colorado Film Incentives Cash Fund , which can provide a 10 percent rebate of Colorado production expenses for qualifying film productions. For more information, contact the Colorado Film Commission, info@coloradofilm.org or 1-800-SCOUT US / (303) 592-4065.
  
• Identify and support specific programs and activities that assist rural economies.
• Support economically distressed areas by providing state money which will be matched by local areas.
• Assist state agencies, including the Department of Agriculture and the Colorado Office of Economic Development and International Trade, produce marketing materials and products that support ongoing business development efforts.
• Develop and support events and activities that create business development leads and that promote Colorado nationally and internationally.

For further information, please contact:
Shela Tatro or Alice Kotrlik
Business Finance Staff
1625 Broadway, Suite 2700
Denver, Colorado 80202
(T) (303) 892-3840
(F) (303) 892-3848
1 (800) 659-2656 TDD