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30 organizations benefit from tax credits

Thirty area organizations have been recertified as Enterprise Zone Contribution Projects by the Colorado Economic Development Commission, according to a Region 9 Economic Development District news release.

This designation allows donations made to these organization’s projects eligible for a 25 percent state tax credit on cash donations and a 12.5 percent state tax credit on in-kind donations.

Organizations include the Bridge Emergency Shelter, La Plata Economic Development Alliance, the Four Corners Film Office, Housing Solutions for the Southwest and Axis Health Systems.

There are five projects in Archuleta County, one in Dolores County, six in Montezuma County and one in San Juan County. There are three regional projects with the remaining in La Plata County.

In 1986, the Colorado General Assembly approved the Enterprise Zone Tax Credit program to assist economically distressed areas of the state.

In Southwest Colorado, all of Montezuma, Archuleta, San Juan and Dolores Counties are designated enterprise zone areas. La Plata County has some areas that are not considered distressed and thus not included.

A list of eligible Enterprise Zone projects and program information is available online at www.scan.org, www.advancecolorado.com/ez or by calling the Region 9 at 247-9621.

vguthrie@durangoherald.com



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