The City of Centennial values your business and investment in our community.
If you’re a business considering Centennial as a location, growing in Centennial or a property owners considering enhancements to their commercial assets the City wants to facilitate your investment. Contact Economic Development to discuss your project and we’ll help you navigate our development and building permit process.
City of Centennial Incentive Policy
There are numerous State and Local incentive programs available to existing and prospective Centennial businesses.
Job Growth Incentive Tax Credit - provides a state income tax credit to business undertaking job creation projects that would not occur in Colorado without this program and that have met certain requirements under the Economic Development Commission's program. A company must create 20 net new jobs (full-time equivalents) with an average yearly wage of at least 110% of the county average wage. The credit period is 60 consecutive months where the business may claim an annual tax credit.
Download the Job Growth Incentive Tax Credit fact sheet.
Strategic Fund Program - provides performance-based cash incentive commitment to businesses that will create and hire net new full-time permanent jobs paying at or above average wages and that can meet specified requirements.
Download the Strategic Fund Program fact sheet.
Colorado FIRST/Existing Industry Customized Training Programs - provides financial assistance and helps individual businesses to design specialized training for new employees through a cooperative effort with the Colorado Community College and Occupational Education System. The maximum grant award is $800 per employee. Arapahoe Community College can assist with customized training activities through company-approved curricula.
Download the Colorado FIRST/Existing Industry Customized Training Programs fact sheet.
Arapahoe Community College can assist with customized training activities through company-approved curricula.
The State of Colorado allows local taxing units to provide incentive payments to new or expanding companies. These payments are negotiated with an individual county or municipality and can total as much as 100% of the amount of taxes levied by the jurisdiction on the personal property of the new or expanding business. This payment is allowed for a maximum of ten years. (See SB94-182, HB02-1399, and HB12-1029) Arapahoe County has participated in the incentive program in recent years. Incentives are granted on a case-by-case basis and require approval by the Board of County Commissioners.