Summary

OEDIT is embarking on a two-year process to redesignate the enterprise zones associated with the Enterprise Zone Program. Per the Enterprise Zone statute, OEDIT and the Colorado Economic Development Commission are required to review the enterprise zone designations no less frequently than once every ten years to ensure that the zones continue to meet the enterprise zone eligibility criteria:

An unemployment rate at least twenty-five percent above the state average;
A population growth rate less than twenty-five percent of the state average; and
A per capita income less than seventy-five percent of the state average.

More information on the redesignation process, including timeline and stakeholder engagement plans, is forthcoming.