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Incentive plan promotes small business growth

Posted on 06/18/2019
Incentive plan promotes small business growth

Small businesses in Weld County are continuing to benefit from the Small Business Incentive Program. Approved by the Board of County Commissioners at Monday’s meeting, Dairy Tech, Inc. is one of those small businesses able to take advantage of this program.

“It’s great to see businesses continually apply and prosper from this program,” said Scott James, Weld County Commissioner and Coordinator of the Planning Department. “This program allows small businesses in Weld County to thrive; allowing them to keep serving our residents.”

Since the program began in 2014, a total of $153,608 has been distributed to nine small businesses to help offset permitting and land use application fees. The program was established with $500,000 from the county’s economic development fund in 2014 and is facilitated by the Board of Commissioners and the Department of Planning Services. This year alone, small businesses have been awarded $90,000.

To be eligible for financial assistance, business owners or tenants must be located in unincorporated Weld County and meet the following requirements:

• The subject real property must be located within Weld County
• The business shall hire 50 percent of its workforce from Weld County
• The program only applies to businesses in Weld County with 35 or fewer employees
• Applicants must submit a business plan and consult with the Small Business Development Center

To learn more about Weld County’s Small Business Incentive Program or to apply, please visit the Planning and Zoning department page at www.weldgov.com.