Colorado Office of Economic Development and International Trade is accepting applications for its Opportunity Zone Technical Support Grant.
Donor Name: Colorado Office of Economic Development and International Trade
State: Colorado
County: All Counites
Type of Grant: Grant
Deadline (mm/dd/yyyy): Ongoing
Size of the Grant: $2,000 to $10,000
Details:
The Opportunity Zone Technical Support Grant provides up to $10,000 to help communities develop opportunity zone projects.
You can use the grant for:
- project feasibility studies
- developing a project request for proposal
- developing an investment memorandum or marketing materials
- legal or accounting support on project structure
The Colorado Opportunity Zone Program encourages long-term private investments by giving investors tax incentives for investing in real estate projects in designated low-income communities. Investors receive tax incentives in the form of deferrals, reductions, and possible elimination of certain federal capital gains taxes.
Funding Information
Amount: $2,000 to $10,000 per community
Eligible projects
Projects can be private or publicly funded and/or organized. Projects need to:
- be in a designated opportunity zone
- have broad community support
- be reasonably well-conceived by the time of application
- be funded by opportunity fund capital
Eligible organizations
Your local economic development organization (or equivalent, such as chamber of commerce or municipality) needs to submit your application. Nonprofit organizations may apply if they have a letter of support from the local economic development organization.
For more information, visit Opportunity Zone Technical Support Grant.