Employee Ownership Tax Credit

The Employee Ownership Office and Exit Planning Institute Share Findings on Business Ownership Transitions in Colorado

DENVER -- Today, the Colorado Employee Ownership Office of the Office of Economic Development and International Trade (OEDIT) and the Exit Planning Institute released the 2022 Colorado State of Owner Readiness Report, offering key insights into the future of small businesses in Colorado. As a growing number of business owners approach retirement, the report sheds light on how prepared they are and how the State of Colorado can help these owners transition out of their businesses, realize the economic benefits of their hard work, and retain jobs across the state.

Colorado Employee Ownership Office Launches Employee Ownership Tax Credit

Governor Polis’ signing of HB 21-1311 program put in place for January 1, 2022 launch
DENVER — The Employee Ownership Office, a division of the Colorado Office of Economic Development and International Trade (OEDIT), will launch the application process for the Employee Ownership Tax Credit on January 1, 2022. The tax credit will be available to Colorado-headquartered businesses that want to convert to an employee ownership model and will cover up to 50% of a qualified business’ conversion costs for use on their state income taxes.