Under the current Commerce City Business Incentive Plan put forth by the Commerce City Council, The Council is expected to give business incentives to five local businesses at the next Monday city council meeting. So, who gets what?
High Mesa Investments, LLC is a company that owns and leases commercial property in Commerce City. The company recently completed a tenant finish/remodel of an existing facility for dual tenant use. These capital improvements totaled $125,000. Under the incentive program, the company is eligible for a 10% rebate or sales and/or use taxes associated with these capital improvements, as well as a 50% rebate of city fees associated with these capital improvements. Although the incentive request is part of an existing program, City Council approval is needed for the rebate of taxes. Approval is being requested for incentives totaling an estimated $1,681.
C W, LLC operates as Charlotte's Web Restaurant. The company is planning facility improvements including remodeling, repair or replacement of existing coolers, and upgrade sound and security systems. These capital improvements are estimated at $60,000. In addition, the company plans to hire four (4) new employees. Under the incentive program, the company is eligible for a 10% rebate of City sales and/or use taxes associated with these capital improvements, as well as a 50% rebate of City fees associated with these capital improvements. The company is also eligible for a 5% rebate of City sales tax received from the business in 2010 for use in marketing the business. In addition, the company is eligible for a tax rebate for creating new jobs. Although the incentive request is part of an existing program, City Council approval is needed for the rebate of taxes. Approval is being requested for these incentives.
Direct Truck Shop, Inc. is a trucking and truck repair company in Commerce City. The company recently completed a facility improvements that included replacing an interior wall, installing a new heating system and replacing lights with high efficiency bulbs and ballasts. These capital improvements totaled $81,263. Under the incentive program, the company is eligible for a 10% rebate of City sales and/or use taxes associated with these capital improvements, as well as a 50% rebate of City fees associated with these capital improvements. Although the incentive request is part of an existing program, City Council approval is needed for the rebate of taxes. Approval is being requested for incentives totaling an estimated $887.
G. & K. Machine Company is a manufacturer that specializes in the machining and repair requirements for the underground mining industry. Gear manufacturing was an outgrowth of these needs and has become the backbone of the company. The company is planning extensive improvements to their facility at 4833 Newport St, totaling an estimated $300,000. These improvements will include an upgrade in electrical service, construction of new offices and a new entrance on East 48th Street. In addition, the company plans to hire three (3) new employees. Under the incentive program, the company is eligible for a 10% rebate of City sales and/or use taxes associated with these capital improvements, as well as a 50% rebate of City fees associated with these capital improvements. The company is also eligible for a tax rebate for creating new jobs. Although the incentive request is part of an existing program, City Council approval is needed for the rebate of taxes. Approval is being requested for incentives totaling an estimated $3,374.
By the Rockies, LLC is the franchisee for the Commerce City Carl's Jr. Under the current incentive program, the company is eligible for a 5% rebate of City sales tax received from the business in 2010 for use in marketing the business. Although the incentive request is part of an existing program, City Council approval is needed for the rebate of taxes. Approval is being requested for this incentive.
Prairie Gateway re-branded to Victory Crossing {Commerce City}
Commerce City "We need to be sure that we are not left behind in ED..."
Will we ever see Development @ the Prairie Gateway site in Commerce City, CO??? It has been years since the Commerce City Civic Center and Rapids stadium have been built and still no economic development. I guess patience is really a virtue.
