Starting a business in Denver, Colorado has many advantages that make it an ideal destination for entrepreneurs and established companies alike. From a thriving business community to manageable regulations and taxes, the city offers a range of incentives and benefits that make it an attractive place to do business. Here are five reasons why you should consider setting up your business headquarters in Denver.
1.Thriving Business CommunityDenver is home to a vibrant business community with a focus on relationships and support for women in business. The city is also home to several universities including the University of Colorado, the Colorado School of Mines, the University of Denver, and Colorado State University.
This provides access to a highly educated workforce that can help your business grow.
2.Manageable Regulations and TaxesThe Colorado Department of Revenue and the Office of Economic Development and International Trade (OEDIT) offer a range of incentives and benefits to businesses that are established in the state. These include tax exemptions, credits, and non-tax programs. Denver's 26% Department of Economic Development Opportunities also offers a tax credit to companies that create new jobs in the city.
3.Access to a Highly Educated WorkforceBusinesses located in certain areas can benefit from tax incentives such as state income tax credits, property tax credits, and sales and use tax exemptions. The city is also home to several universities including the University of Colorado, the Colorado School of Mines, the University of Denver, and Colorado State University.
4.An Enabling Business ClimateDenver is one of the fastest-growing cities in the country and offers a variety of tax benefits for starting a business.
The state has introduced several beneficial programs to help small and medium-sized businesses grow. Resources such as Denver Techstars, Women Who Startup, and Denver Startup Week are also available to entrepreneurs.