HomeMy WebLinkAbout20140235.tiff • •
RESOLUTION
RE: APPROVE AND ALLOCATE FUNDS FOR THE WELD COUNTY SMALL BUSINESS
INCENTIVE PROGRAM
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, businesses located in unincorporated Weld County contribute to the Weld
County economy through employment and income opportunities for Weld County residents, and
WHEREAS, it is in the best interest of Weld County residents for businesses located in
unincorporated Weld County to be successful, and
WHEREAS, Weld County desires to provide incentives for businesses to locate within
unincorporated Weld County and to hire local residents, and
WHEREAS, Weld County charges businesses certain land use fees, including, but not
limited to, land use application fees, building permit fees, and impact fees, in order to operate
within unincorporated Weld County, and
WHEREAS, incentives will be in the form of credits granted by the County through the
Weld County Small Business Incentive Program to qualifying businesses to offset County land
use fees, including, but not limited to, land use application fees, building permit fees, and impact
fees.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Weld County Small Business Incentive Program, as fully described in
Attachment A attached hereto and incorporated herein, is hereby approved.
BE IT FURTHER RESOLVED that the Board of County Commissioners hereby allocates
five-hundred thousand dollars ($500,000.00) from the Economic Development Trust Fund,
Fund #7022, and approves the use of the allocated funds for the Weld County Small Business
Incentive Program.
(C."FL . freer, ft 2014-0235
. 13 A00005
Mr. • •
ALLOCATE FUNDS FOR THE WELD COUNTY SMALL BUSINESS INCENTIVE PROGRAM
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 27th day of January, A.D., 2014.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY LORADO
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ATTEST: 6 ft E L/i,�m► p a, a
g��` "��°� ' ► ��<` las ademache , Chair
Weld County Clerk to the Boar j 'i ' /
/,� ara Kirkmeye , Pro-Tem
B De��rty Clerk to the Board ff r FJ A
Sean P. Conway
APP AS RM:
Mike Freeman
C my Attorney (i7)Er --'
William F. Garcia
Date of signature: �1 n':-i•1+i
2014-0235
AC 0005
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II WELD COUNTY
frf ri
" r P SMALL BUSINESS INCENTIVE PROGRAM
Weld County has established a Small Business Incentive Program (BIP) which will provide eligible businesses
financial assistance in the form of credits to offset land use, building permit, and several impact fees. The program
is designed to reduce upfront capital outlay for small businesses located in unincorporated Weld County.
WHO CAN APPLY?
Any business owner or tenant located in unincorporated Weld County that meets the eligibility requirements.
WHAT ARE THE ELIGIBILITY REQUIREMENTS?
• The subject real property must be located within the County(the "Property").
• The business shall hire at least fifty (50) percent of their new workforce from Weld County. For the purpose
of this application a full-time employee works a minimum of 32 hours per week. The business may have a
combination of part-time employees that is the equivalent of at least one (1) full-time employee.
• The applicant must be the record owner(s) of the Property or a tenant.
• The business must have been undertaken after the date of the adoption of this policy.
• This program shall only apply to businesses with 25 or fewer employees at the time of submitting an
application.
WHAT CAN BE DONE WITH THESE CREDITS?
The intent of these credits is to offer financial assistance to small businesses that want to operate in Weld County.
The financial assistance helps reduce the business's land use application fees, building permit fees, and impact
fees. Fees incurred by the business that are not eligible for funds include consultant and attorney fees, on-site and
off-site bonding, collateral requirements, etc. Credits are not redeemable for their cash value and may not be
utilized for purposes other than those specified by Weld County.
WHAT IS THE APPLICATION PROCESS?
1) Complete a Small Business Incentive Program Application form available at the Weld County Department
of Planning Services (1555 N. 17th Ave., Greeley) or online in the Planning and Zoning section of the
county web site: www.weldgov.com.
2) Mail the completed application to the attention of the Director of Planning Services: 1555 N. 17th Avenue,
Greeley, CO 80631. There is no application or processing fee.
3) The Planning Services Director will review all requests and make a recommendation to the Weld County
Board of Commissioners who will provide approval/denial.
2014-0235
APPROVAL SHALL BE BASED ON THE FOLLOWING:
• Submittal of a business plan.
• Documentation that the business owner has consulted with the Small Business Development
Center(SBDC).
FUNDING OVERVIEW:
0-9 employees: Fees between $5,000 -$25,000. County max credit: $20,000
Applicant portion: $5,000 + any amount above$25,000
10-15 employees: Fees between $5,000 -$35,000 County max credit: $30,000
Applicant portion: $5,000 + any amount above$35,000
16-25 employees: Fees between $5,000 -$45,000 County max credit: $40,000
Applicant portion: $5,000 + any amount above$45,000
Example 1: $10,000 total fees assessed and 5 employees. Applicant would pay$5,000 and County would grant
$5,000 credit.
Example 2: $40,000 total fees assessed and 14 employees. Applicant would pay $5,000+$5,000=$10,000 and
County would grant$30,000 credit.
Example 3: $80,000 total fees assessed and 25 employees. Applicant would pay $5,000+$35,000 and County
would grant$40,000 credit.
Credits shall be distributed on a first-come first-served basis. All applications are confidential and at the full
discretion of the Weld County Board of County Commissioners.
Applicants must be a property owner or be a tenant (with written permission from the building owner) operating a
retail, commercial or industrial business as defined and permitted under the Weld County Code.
Applicant must be current on all County taxes prior to receiving credits.
The Weld County Board of County Commissioners or its designee has sole authority to determine the eligibility of
proposed business.
If you have questions or would like further information, please contact the Planning Services Director at 970-353-
6100, ext 3572.
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