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.
DENVER -- Governor Jared Polis has been awarded the inaugural Torchlight Award for his leadership in advancing employee ownership and employee stock ownership plans (ESOP), an honor that comes from The ESOP Association.
DENVER -- The Colorado Employee Ownership Office, a division of Colorado’s Office of Economic Development and International Trade (OEDIT), announces four employee ownership conversions from round three of the Employee Ownership Grant.
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.