The Colorado Economic Development Commission (EDC) was created by the Colorado General Assembly to promote economic development in Colorado. It consists of nine members, five of whom are appointed by the Governor, two by the President of the Senate, and two by the Speaker of the House.
The EDC approves loans and grants from the economic development fund to public and private entities throughout the state to help existing businesses expand and new companies locate to Colorado. It also implements marketing programs to support ongoing business activities.
All policy and funding decisions are made by commission members. The commission is also responsible for policy decisions concerning the state Enterprise Zone program.
- In cooperation with state, local and private entities, EDC staff develops incentive packages to assist with existing business expansions and new company relocations in order to promote job creation and retention in all regions of the state. In determining whether to approve incentive awards, the EDC reviews the number of jobs created, average salary levels, location and other factors.
- The EDC has oversight for the Strategic Fund, Regional Tourism Act and the Job Growth Incentive Tax Credit program.
- Identify and support specific programs and activities that assist rural economies.
- Support economically distressed areas by providing state money which will be matched by local areas.
- Assist state agencies in producing marketing materials and products that support ongoing business development efforts.
- Develop and support events and activities that create business development leads and that promote Colorado nationally and internationally.
EDC Meeting Agenda and Minutes
The EDC typically meets on the second Thursday of the month. Below are the tentatively scheduled meetings dates, which are subject to change at the discretion of the EDC:
|January 14, 2016|
|February 11, 2016|
|March 9, 2016|
|March 17, 2016 (revised)|
|April 21, 2016 (revised)|
|May 19, 2016|
EDC Annual Report
For more information, please contact Virginia Davis, 303-892-3840.