The Pueblo Economic Development Corporation on Wednesday celebrated the expansion of one of those small local businesses — Formulary 55, a luxury, small bath and body products company.
Formulary will benefit from Pueblo City Council’s half-cent tax assistance program aimed at helping small businesses in Pueblo County.
The company’s owners, PEDCO officials, Pueblo City Council President Steve Nawrocki and Pueblo County Commissioner Terry Hart and others gathered Wednesday afternoon in the lobby of El Pueblo History Museum to celebrate the agreement. Formulary 55 received a $37,500 gift grant through the half-cent tax program.
PEDCO Team : The people of Pueblo came together in 1981 and formed PEDCO. Business people, large and small, and individuals dug into their pockets to find money to support PEDCO and its economic development efforts. They also gave of their time, available at a moment’s notice to talk to interested companies.
In 1984, Pueblo’s citizens voted to tax themselves to support economic development. The citizens continue to keep that half-cent sales tax in place. PEDCO uses the money for economic development incentives, funding certain capital projects and equipment purchases for new and expanding businesses.
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Luxury bath and body products maker takes Pueblo incentives
Luxury bath and body products maker takes Pueblo incentives
The Pueblo Economic Development Corporation on Wednesday celebrated the expansion of one of those small local businesses — Formulary 55, a luxury, small bath and body products company.
Formulary will benefit from Pueblo City Council’s half-cent tax assistance program aimed at helping small businesses in Pueblo County.
The company’s owners, PEDCO officials, Pueblo City Council President Steve Nawrocki and Pueblo County Commissioner Terry Hart and others gathered Wednesday afternoon in the lobby of El Pueblo History Museum to celebrate the agreement. Formulary 55 received a $37,500 gift grant through the half-cent tax program.
Read more at the Pueblo Chieftain
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PEDCO Team : The people of Pueblo came together in 1981 and formed PEDCO. Business people, large and small, and individuals dug into their pockets to find money to support PEDCO and its economic development efforts. They also gave of their time, available at a moment’s notice to talk to interested companies. In 1984, Pueblo’s citizens voted to tax themselves to support economic development. The citizens continue to keep that half-cent sales tax in place. PEDCO uses the money for economic development incentives, funding certain capital projects and equipment purchases for new and expanding businesses.
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