The role of PEDCO is to work with prospective clients to facilitate their expansion to the Pueblo area by acting as a specific point of reference for all inquiries that you may have about doing business in Pueblo. We have always prided ourselves as having an extremely pro business environment and we look forward to assisting your organization in making your transition as smooth as possible.
Every organization looks at a myriad of issues from infrastructure to the economic realities of expanding operations. PEDCO is available to walk you through the process of facilitating the range of incentive options to help you conduct your strategic analysis. We will work to facilitate dialogue to maximize the range of incentives at your disposal including but not limited to: no cost land and monetary incentives for brick and mortar, tax credits from both the State of Colorado and Pueblo County, as well as multiple options for job training incentives to maximize the technical abilities of your employees.
SALES & USE TAX CAPITAL IMPROVEMENTS FUND
This fund was created to support job creation. This cash fund awards grants based on the quality and quantity of jobs created. The overall economic impact of the project to the community is taken into consideration when making this award. Eligible uses of the fund include brick and mortar project expenses, infrastructure and in some instances equipment.
The project may not be speculative in nature and the applicant must document to the City Council’s satisfaction the applicants financial ability and experience to complete the project and fulfill the applicant’s representations and commitments made with respect to the project, including, without limitation, the number of new employees who will fill primary jobs, the project value, and the project’s gross salary.
PRIMARY JOB TRAINING PROGRAM
Pueblo’s job training program includes pre-employment training of primary and/or training of primary job workers upon first being hired. A company must agree to give graduates of the job training program hiring priority and to pay a minimum wage for each primary job of at least $10.00 per hour or the minimum hourly wage under Colorado First/Existing Industry Customized Training Programs, whichever is greater, plus fringe benefits. The $800 grant per primary job employee will be available if the following conditions are met: (1) Only when a trained or experienced work force is not already available, (2) the company acts as sponsor in the development and implementation of the program, (3) Forty percent of the training cost is financed by the sponsoring company, (4) training programs last no longer than is required to provide workers with the required job skills, and (5) only direct costs of the program are included in the computation of the total cost of the program.