A Win-Win For Taxpayers And Communities
The overall goal of AC-REP as Administrator for the Enterprise Zone Program is to improve the economic conditions within economically distressed areas. Working toward positive incremental increases in measurable Enterprise Zone data such as the number of certifications, number of new jobs per year, capital investment dollars, and contribution dollars is the most direct step AC-REP can make toward improving economic conditions within the Enterprise Zone.
In 2022, as the EZ Administrator, we approved approximately 343 applications. From there, we saw a total of 5,321 new jobs created.
Jobs in healthcare, construction, manufacturing, and hospitality continue to have the highest job openings across the county. The investment in job training credits in the EZ reflects this need, with almost $144,000 in job training credits for healthcare and $133,000 in construction as examples of continued training and investment in people by companies in the Enterprise Zones.
North Suburban Medical Center, located in Thornton, Colorado, has been a primary example within the healthcare sector, who has benefited greatly from the job training tax credit. In 2022 they trained a total of 627 employees, with 79 being new employees to their operation.
