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2021 WELD COUNTY, Economic and Demographic Profile

At a Glance

4,016 32 331,895 170,001 7.2% 34.8 Square Miles Communities Population Labor Force Unemployment Median Age (Total) (Total) Rate

$50,198 $74,150 88% $55,432 $15.3 B Greeley 2019 Per Household High School Annual GRP (Total) County Seat Capita Income Income Diploma+ Average Wage WELD COUNTY, COLORADO 2021 Demographics

Weld County Population: 331,895

Population Over Time Number 2019 Population, Households & 2021 Sales Tax Rate by Municipality 2020 331,895 Population Households Sales Tax 2010 254,230 Weld County 323,763 116,710 N/A 2010 to 2020 % Change 33.5% Ault 1,843 703 3% Components of Change 2020 Berthoud (MCP) 215 64 4% Net Migration 5,845 Brighton (MCP) 454 146 3.75% Natural (Births – Deaths) 2,287 Dacono 5,928 2,091 3% Source: Colorado State Demography Office Eaton 5,707 2,091 3% 2019 Population by Age Erie (MCP) 15,307 5,465 3.5% Evans 21,140 7,262 4.5% 0-14 years 21.7% Firestone 15,639 5,079 3.6% 15-29 years 20.8% Fort Lupton 8,312 2,689 4% 30-44 years 21.8% Frederick 13,943 4,645 3.5% 45-59 years 17.8% Garden City 248 128 3% 60-74 years 13.3% Gilcrest 1,101 347 4% 75+ years 4.6% Greeley 108,633 40,325 4.11% Median Age: 34.8 Grover 149 92 0% Source: U.S. Census Bureau, Population Estimates Program Hudson 1,891 668 4% 2019 Population by Race & Ethnicity Johnstown (MCP) 12,743 4,213 3.5% Not Hispanic or Latino 70.0% Keenesburg 1,237 479 3% Kersey 1,637 563 3.6% White Alone 64.9% La Salle 2,337 840 3.5% Black Alone 1.2% Lochbuie (MCP) 7,218 2,534 4% American Indian & Alaska 0.6% Native Alone Longmont (MCP) 676 489 3.53% Mead 4,677 1,572 2% Asian Alone 1.7% Milliken 8,113 2,694 2.5% Native Hawaiian/Other 0.1% Pacific Island Alone Northglenn (MCP) 13 11 4% Hispanic or Latino (Any Race) 30.0% Nunn 468 209 2% Source: U.S. Census Bureau, Population Estimates Program Pierce 1,153 439 2% Note: Percentage may not add due to rounding Platteville 3,010 1,069 3% 2019 Educational Attainment Raymer 107 58 0% HS Diploma + 88.1% Severance 6,235 2,154 3% Windsor (MCP) 23,083 8,580 3.95% Bachelor’s Degree + 27.5% Unincorporated Area 50,533 19,006 0% Source: U.S. Census Bureau, American Community Survey Source: Colorado State Demography Office Per Capita Personal and Household Note: MCP indicates multi-county place. Figures reported are the portions of total population/households in Weld County. The City of Thornton and Town of Timnath Income are additional Weld County communities. PC Personal Income $50,198 Median HH Income $74,150 Source: U.S. Census Bureau, American Community Survey

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Climate The area offers a dry, sunny climate with low humidity and four seasons.

Weld US Weld US Rainfall (inches) 14.8 38.1 Avg. Temp July High 90.2 85.8 Snowfall (inches) 39.5 27.8 Avg. Temp Jan Low 14.7 21.7 Precipitation Days 76.6 106.2 Comfort Index (higher = better) 7.2 7 Sunny Days 244 205 UV Index 5.2 4.3 Elevation (feet) 4,675 2,443 Source: Sperling’s Best Places Location and Transportation HIGHWAY ACCESS North/South: I-25, State Hwy 85, Weld County Pkwy 49 East/West: I-76, State Hwy 34 & State Hwy 14 FREIGHT RAIL ACCESS Class 1: Union Pacific (UP) & Burlington Northern Santa Fe (BNSF) Short Line: The Great Western Railway of Colorado (GWR) AIR ACCESS International Airport (DIA): Second-busiest airport in the US (30 minute commute from South Weld–hour from Central/West Weld) Greeley/Weld County Airport: General Aviation (www.gxy.net) Erie Municipal Airport: General Aviation (www.eriecogov.com) Northern Colorado Regional Airport: General Aviation (www.flynoco.com) UTILITIES Water and Sewer Providers Water and Sewer services are provided by municipalities and districts. Rate Structures will very by municipality and district. Central/West Weld North/East Weld South Weld

Major Electricity Providers Major Electricity Providers Major Electricity Providers Xcel Energy Poudre Valley REA United Power, Inc. » www.xcelenergy.com » www.poudrevalleyrea.com » www.unitedpower.com Poudre Valley REA » www.poudrevalleyrea.com Major Gas Providers Major Gas Providers Blakc Hills Energy Xcel Energy » www.blackhillsenergy.com » www.xcelenergy.com Atmos Energy » www.atmosenergy.com

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Unemployment Rates Employed (Weld County): 157,930 Unemployed (Weld County): 12,070 Total Labor Force 6.2% 6.6% 7.2% Weld County: 170,001 United States Colorado Weld County Colorado: 3,126,351 Source: U.S. Bureau of Labor Statistics 2021, Local Area Unemployment Statistics Labor Sheds *Projections North Weld Labor Shed 5-15-25 Mile Radius from Hwy 34 Business & Hwy 257

2020 Estimate 2025 Estimate 5 Miles Total Population 35,475 40,003 Population 18+ 74.4% 74.5% Edu. Attain. 25+ Bachelor’s 25.4% N/A 15 Miles Total Population 426,771 471,042 Population 18+ 76.1% 76.5% Edu. Attain. 25+ Bachelor’s 23.6% N/A 25 Miles Total Population 745,166 821,505 Population 18+ 77.1% 77.3% Edu. Attain. 25+ Bachelor’s 24.8% N/A Source: ESRI, 2020 Estimates South Weld Labor Shed 5-15-25 Mile Radius from I-25 & Hwy 52

2020 Estimate 2025 Estimate 5 Miles Total Population 39,897 48,854 Population 18+ 72.5% 72.9% Edu. Attain. 25+ Bachelor’s 25.6% N/A 15 Miles Total Population 663,297 732,399 Population 18+ 75.0% 75.5% Edu. Attain. 25+ Bachelor’s 27.1% N/A 25 Miles Total Population 1,854,044 2,016,629 Population 18+ 76.8% 77.2% Edu. Attain. 25+ Bachelor’s 26% N/A Source: ESRI, 2020 Estimates

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2019 Employment by Industry Sector with Average Annual Wage Average Annual Establishments Jobs % Distribution Wage Total, All Industries 7,849 111,582 100.00% $61,932 Agriculture, Forestry, Fishing & Hunting 232 4,275 3.83% $46,904 Mining 269 8,728 7.82% $93,600 Utilities 31 411 0.37% $103,740 Construction 1,073 12,673 11.36% $65,208 Manufacturing 341 14,282 12.80% $55,484 Wholesale Trade 508 4,432 3.97% $73,112 Retail Trade 658 10,488 9.40% $34,060 Transportation and Warehousing 434 4,254 3.81% $62,556 Information 101 675 0.60% $65,676 Finance and Insurance 354 2,786 2.50% $67,028 Real Estate and Rental and Leasing 372 1,474 1.32% $55,744 Professional and Technical Services 878 3,180 2.85% $73,632 Management of Companies and Enterprises 91 1,871 1.68% $143,624 Administrative and Waste Services 461 5,902 5.29% $40,092 Educational Services 107 7,947 7.12% $38,688 Health Care and Social Assistance 695 9,613 8.62% $49,504 Arts, Entertainment, and Recreation 94 1,246 1.12% $20,696 Accommodation and Food Services 482 8,850 7.93% $18,772 Other Services, Ex. Public Admin 590 2,776 2.49% $38,948 Public Administration 76 5,716 5.12% $53,924 Source: Colorado Department of Labor and Employment, Labor Market Information, Quarterly Census Employment and Wages Note: Distribution based on rounded employment by industry estimates Gross Regional Product (GRP) *Estimates 2020 Total Weld GRP: $15.3 Billion $9.5 Billion Earnings $5.0 Billion Property Income $1.2 Billion Taxes on Production $16.7 Billion Exports $22.3 Billion (62.2% of demand) Imports $13.5 Billion (37.8% of demand) Locally Produced/Consumed Note: GRP measures final market value of goods/services produced. Source: Economic Modeling Specialists, Inc.

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2021 Employment and Average Wage by Occupation (Highlights: Top Location Quotients in the County) Jobs Avg. Hourly Earnings Location Quotient Management Occupations 7,911 $46.83 0.97 Business and Financial Operations Occupations 6,339 $35.58 0.84 Computer and Mathematical Occupations 1,839 $37.18 0.45 Architecture and Engineering Occupations 1,708 $41.86 0.75 Life, Physical, and Social Science Occupations 1,125 $35.99 0.91 Community and Social Service Occupations 2,205 $26.49 0.93 Legal Occupations 478 $48.24 0.42 Educational Instruction and Library Occupations 8,428 $26.23 1.06 Arts, Design, Entertainment, Sports, and Media 1,763 $25.17 0.73 Occupations Healthcare Practitioners and Technical Occupations 4,314 $38.70 0.57 Healthcare Support Occupations 3,513 $16.02 0.57 Protective Service Occupations 2,577 $24.37 0.87 Food Preparation and Serving Related Occupations 9,338 $13.17 0.90 Building and Grounds Cleaning and Maintenance 4,541 $16.18 0.93 Occupations Personal Care and Service Occupations 3,287 $15.61 0.83 Sales and Related Occupations 11,387 $23.46 0.91 Office and Administrative Support Occupations 13,665 $19.45 0.82 Farming, Fishing, and Forestry Occupations 3,578 $15.51 3.50 Construction and Extraction Occupations 15,479 $23.54 2.46 Installation, Maintenance, and Repair Occupations 6,768 $25.49 1.30 Production Occupations 10,426 $20.33 1.38 Transportation and Material Moving Occupations 13,206 $21.23 1.19 Military-only occupations 410 $22.71 0.51 Total 134,285 $24.39 N/A Location Quotient quantifies how concentrated an occupation is compared to the nation. The higher the number the more concentrated – US=1.0; Source: Economic Modeling Specialists, Inc., 2020-2021 Estimates, 2021.1 Dataset INDUSTRY CLUSTER SUMMARY Industry clusters are defined as “geographic concentrations of interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions”. Candidates for Cluster Growth Strategy Other Important Economic Drivers These clusters represent the type of industries that These clusters are important industries that will will be most likely to respond to a coordinated, continue to be part of regional communities’ other regional cluster-growth strategy. economic development programming and activities. » Bioscience & Medical Devices » Agricultural Production, Inputs & Services » Distribution & E-Commerce » Construction » Fabrication & Production Technology Mfg. » Education & knowledge Creation » Food Processing & Manufacturing » Energy » Information Technology » Hospitality & Tourism » Plastics » Local Health Services

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MAJOR EMPLOYERS

Largest Private, Non-Retail Employers (June 2020) Rank Company Product/Service Location FTE 1 JBS USA & Affiliates Beef Processing, Corporate HQ, Trucking Greeley/Weld 6,000 2 Banner Health: North CO Regional Hospital, Corporate Center, Greeley/Weld 3,710 Medical Center Clinics 3 Vestas Wind Turbine Blade & Nacelle Brighton 2,890 Manufacturing 4 State Farm Insurance Companies Insurance Greeley 1,200 5 UC Health Healthcare Greeley/Firestone 1,030 6 Halliburton Energy Services, Inc. Oil /Gas Development Fort Lupton 900 7 Occidental Petroleum Oil/Gas Development Platteville 580 (Anadarko) 8 Leprino Foods Cheese & Dairy Foods Manufacturing Greeley 510 9 Noble Energy Oil/Gas Development Greeley/Weld 500 10 TTEC (Formerly TeleTech) Financial Services Support Center Greeley 490

Largest Non-Retail Employers (2020/2021) Rank Company Product/Service Location FTE 1 Greeley/Evans School District 6 Public School District Greeley/Evans 2,860 2 Weld County Government Greeley 1,783 3 University of Northern Colorado Public Four-Year University Greeley/Weld 1,530 4 City of Greeley Government Greeley 905 5 Public Community College Weld County 847

Source: Development Research Partners, July 2020; Colorado Demography Office, Upstate Colorado Economic Development – 01/2021

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K-12 EDUCATION Weld County is served by 13 public school districts which includes numerous charter schools. There are also ten private school education opportunities throughout Weld County. Weld Public School Districts Enrollment 2020/2021 Total Enrollment: 55,831 Gilcrest/Platteville RE-1 1,887 Weld PK-12 Public Education Statistics St. Vrain Valley RE-1J 11,721 Eaton RE-2 1,942 Year Weld Stats CO Stats Keenesburg RE-3J 2,569 Weld Enrollment 2020-2021 55,831 883,199 Windsor RE-4 7,477 Number of Schools 2020-2021 104 1,917 Johnstown/Milliken RE5J 3,738 Classroom Teacher FTE 2019-2020 3,225 55,641 Greeley/Evans RE-6 21,883 Platte Valley (Kersey) RE-7 1,030 Pupil/Teacher Ratio 2019-2020 17.4 17.1 Fort Lupton RE-8 2,236 Dropout Rate (High School) 2018-2019 1.2% 2.0% Ault-Highland RE-9 901 Completer Rate 2018-2019 88.4% 81.8% Briggsdale RE-10 175 Prairie RE-11 211 Graduation Rate 2018-2019 86.2% 82.9% Pawnee RE-12 61 Colorado SAT Composite Score 2019 967 1001 Source: Colorado Department of Education, 2020- Source: Colorado Department of Education 2021 Note: Includes Weld Schools in RE1J District HIGHER EDUCATION

Public Higher Education Facilities in N. Colorado & Metro Denver Four Year Public Colleges/Universities Fall 2020 Enrollment Fall 2019 Enrollment: 12,930 Fall 2020 Enrollment: 11,460 Colorado School of Mines–Golden 6,754 UNC is a comprehensive baccalaureate Colorado State University–Fort Collins 27,238 and public doctoral research university with Metropolitan State University–Denver 18,764 six colleges. Top 5 Undergraduate Degrees –Boulder 35,411 Awarded: Interdisciplinary Studies (includes Elementary Ed); Business Administration; University of Colorado–Denver 15,162 Nursing; Sport and Exercise Science and University of Northern Colorado–Greeley 11,460 Psychology. Top 5 Graduate Degrees 2019 Weld/Larimer Top Education Program Completions Awarded: Education; Special Education; Sport and Exercise Science; Speech Language Program Number Pathology and Music. Health Professions 1,598 For more info see www.unco.edu. Business, Management, Marketing & Related 1,471 Biology/Biological Science 1,046 Education 1,007 Engineering 858 2018/2019 Enrollment: 8,846 Parks, Recreation and Fitness Studies 620 2019/2020 Enrollment: 9,234 Social Sciences 693 With two Weld campus locations, Aims offers Psychology 508 200 degree and certificate programs. Two- Visual and Performing Arts 491 Year Degrees Awarded - Associate of Arts, Associate of Science, Associate of General Communication and Journalism 461 Studies, Associate of Applied Science plus Public Higher Education Facilities in N. Colorado & Metro Denver Source: Individual numerous Career and Technical Education Schools Certificates. 2019 Weld/Larimer Top Education Program Completions Source: Economic Modeling Specialists, Inc

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COMMERCIAL AND INDUSTRIAL REAL ESTATE Commercial/industrial real estate opportunities can be found throughout Weld County to meet virtually any business need from an existing building to developed sites for construction. Real estate prices will vary widely depending upon the level of development and location within the County.

Q4 2020 Weld County Commercial Real Estate Market Conditions Type Existing Space1 Vacant Space1 Overall Vacancy Rate Average Lease Rate2 Office 5.6 0.3 5.8% $22.27 Industrial 25.8 1.0 4.1% $11.79 Retail 12.0 0.3 2.6% $14.40 Source: CoStar Realty Group (1Building space is listed in Millions of Square Feet; 2Office lease rates are per square foot)

TAXES 2020 Weld County Industrial Sites Name Acres Location Real & Business Personal Property & Colorado Income Taxes AFT Industrial Land 65 Firestone Tax Type Tax Rate Airport Business Park 60 Greeley Commercial Property Tax 29.0% Bellmore Industrial Park 47 Nunn Residential Property Tax 7.15% Center Drive Land 21 Milliken Corporate Income Tax 4.55% Concepts Industrial Park 54 Longmont Personal Income Tax 4.63% Crown Prince Land 65 Brighton Source: Metro Denver Stats, CO Department of Local Affairs Diamond Valley Industrial Park 91 Windsor SALES & USE TAX Eagle Business Park 133 Frederick Weld County DOES NOT asses a county-wide sales/use tax. Eaton Industrial Rail Park 161 Eaton Communities through the county charge sales/use tax rates ranging from 2%-4.11%. Colorado has a 2.9% sales/use tax rate. Erie Aero Tech Industrial Park 61 Erie RESIDENTIAL PROPERTY TAX Falcon Point Business Park 32 Windsor Residential property is assessed at 7.15% of the actual value The Grainery Park 156 Greeley and is exempt from personal property taxation. Great Western Industrial Park 500 Windsor REAL & PERSONAL PROPERTY TAX Highland Industrial Park 147 Ault Industrial/commercial property (building, land and equipment) is assessed for property tax purposes at 29% of actual value Highpointe Business Center 136 Greeley (based on a variety of factors). The mill levy assigned to each I-25 & Hwy 56 Land 110 Berthoud property location includes the taxing jurisdictions serving that location and represents the number of dollars, or property Iron Horse Park 165 Johnstown taxes, levied for each $1,000 of assessed value. Jackson Industrial Site 58 Berthoud STATE INCOME TAX – CORPORATE & PERSONAL Lost Creek Commons 74 Keenesburg The corporate Colorado income tax rate is 4.55% and the personal Colorado income tax rate is 4.63% of federal Niobrara Energy Park 662 Weld taxable income. Local governments DO NOT assess income Northland Industrial Park 55 Fort Lupton taxes. Inventories, Goods in Transit and Intangibles are not taxed in Colorado and there is no Franchise Tax. Colorado Platteville Energy Park 45 Platteville has established Enterprise Zones (EZ) that offer state income Promontory Business Park 200 Greeley tax credits. Select Weld locations/communities have EZ Ritchie Brothers Land 82 Mead designation. Companies that locate or expand within the physical boundaries of an EZ are eligible to earn a variety Silver Peaks Business Park 148 Dacono of state income tax credits based on their specific activities Stonegate Industrial Park 25 Evans primarily in equipment investment, job creation/training, research and development activities, etc. Earned credits are Villano Land 51 Fort Lupton applied to the company’s Colorado income tax liability. Weld County Industrial Park 100 Weld Source: Weld County Government, Colorado Division of Property Taxation, Colorado Department of Revenue Wildflower Business Park 138 Frederick

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COST OF LIVING Adams County 104.4 Arapahoe County 111.6 Colorado 111.7 Boulder County 117.3 Weld 103.8 Broomfield County 120.3 Denver County 125.6 The Cost of Living Indices (COLI) are based on a U.S. average of Douglas County 115.4 100.0. Below 100 is cheaper than Jefferson County 113.7 the U.S. average and above is more expensive. Below are Cost Larimer County 111.7 of Living Indices for Central/ Source: Economic Modeling Specialists, Northern Counties in Colorado. Inc. Q1-2021

SINGLE FAMILY HOME PRICES Homes Sold Median Home Prices

Central/West Weld South Weld East/North Weld Ault, Eaton, Evans, Greeley, Dacono, Erie, Firestone, Fort Lupton, Grover, New Raymer, Nunn Gilcrest, LaSalle, Johnstown, Frederick, Hudson, Keenesburg, Kersey, Milliken, Pierce, Severance, Platteville Windsor 2,643 1,085 1,209 $300,000 $305,000 $357,750 $330,000 4,050 $343,755 4,226 $356,000 5,418 $402,900 $415,000 $439,000 29 33 34

2018 2019 2020 2018 2019 2020 2018 2019 2020

Source: Sears Real Estate CULTURAL AND RECREATIONAL AMENITIES

Weld County offers a rich and diverse selection of cultural and recreational opportunities including numerous golf courses, a multitude of parks, miles of paved bike/ pedestrian paths, the Pawnee National Grasslands and numerous annual events including: » The Greeley Stampede » Colorado Farm Show » Greeley Blues Jam » UNC/Greeley Jazz Festival » Weld County Fair » Windsor Harvest Festival » Numerous Community Summer Celebrations The 1,600 seat Greeley Union Colony Civic Center provides even more entertainment options along with UNC Bears Division I Athletics. A Weld location also offers easy access to multiple world class ski areas, camping, fishing, hunting, snow sports, hiking and all the have to offer. Weld County is Colorado after all! For more information visit websites of our 32 communities and the following Weld County web site: www. discoverweld.com

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MARKET The region’s competitive advantages to promote business attraction/retention CONNECT Who We Are Public and private partners to improve capacity for business job growth and investment Upstate Colorado Economic Development is a nonprofit, county-wide economic development corporation formed as a partnership between government, business, and education throughout Weld County, Colorado. FACILITATE We’re governed by a Board of Directors reflective of Private business job growth and investment by our three-way partnership and receive financial support providing key information and support services from each of the partner sectors. Our Vision ADVOCATE On behalf of our customers and clients We envision a region with a healthy and sustainable economy that creates wealth, preserves the quality of life and improves the standard of living for area residents. Our mission focuses on facilitating and attracting investment, new job opportunities, stimulating income growth and expanding the local community tax base. Our Clients

Upstate efforts are focused on the support of primary sector employers - those companies who derive the majority of their revenue from the sale of products or services outside the region. These revenues represent new money to the community and support retail, service and professional sectors of the local economy. We develop business leads through on-going contact with national site consultants. We also receive leads from state/metro partners and through direct contact with companies, realtors, etc. Business opportunities are jointly worked with community partners and managed by Upstate, who provides the following services to: » Existing employers already located in our community we facilitate access to the local, county and state resources that will help them become more competitive, expand their revenues and create/ retain jobs. » New/recently located employers needing significant support to ensure a strong start and sustained success. » Prospective employers who may be interested in expanding or moving operations into the region.

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Business Assistance Weld County and its communities are pro-growth, prepared to handle company needs and will do what can reasonably be done to reduce the development/start-up costs of qualifying primary sector companies looking to locate or expand. Key Business Assistance/Incentives: » Comprehensive Site Selection Services » Confidential Building/Land Searches » Weld County Demographic/Economic and Workforce Data » Financial Resource Identification/Assistance Through Two Loan Programs » Government Advocacy » County, State, and Municipal Incentive Identification/Packaging Including: » Municipal Development Fee/Tax Incentives » Partial Personal Property Tax Rebates » Enterprise Zone State Income Tax Credits » Colorado First Customized Training Grants » Colorado Job Growth Incentive Tax Credits For detailed assistance information contact Upstate Colorado Economic Development, a non-profit economic development agency, that serves as a single confidential source of information about the Weld County and Northern Colorado region. Our Key Assistance Tools Economic/Demographic Data Repository Upstate maintains an information rich website that includes economic and demographic data on Weld County and each of the 31 Weld communities in Northern Colorado. Major employers, recent rankings and development highlights are also maintained. Industrial/Commercial Real Estate Data Base A searchable industrial/commercial real estate data base is housed on the Upstate website to showcase the many property opportunities throughout Weld County and our 31 communities. Weld Works Labor Team Joining with workforce development partners at Aims Community College and Weld Employment Services, Upstate convenes the Weld WORKS Labor Team to provided technical assistance for various workforce programs. Enterprise Zone (EZ) State Income Tax Credits Upstate administers the Weld County portion of the state Enterprise Zone (EZ) which provides pre-certified companies a variety of state income tax credits primarily­ in equipment investment, job creation/training, R&D, etc. Contributions to approved non-profit projects improving conditions within the EZ boundaries also earn EZ state income tax credits. Business Financing Upstate administers the Weld/Larimer Revolving Loan Fund and Greeley Community Development Fund. Both loan funds provide ·gap" financing to companies that are expanding the Job base in Weld/Larimer Counties or the City of Greeley.

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