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Incentive Credit means the 10% of the evaluation points assigned to each solicitation for engineering and professional services prime purchase orders assigned to the MBE/WBE groups that were found to have a disparity.
What is Colorado job growth incentive?
The tax credit gives businesses a Colorado state income tax credit equal to 50% of the FICA (Federal Insurance Contributions Act) tax paid by the business per net new job for each calendar year in the credit period.
What is a growth incentive?
Growth incentive programs benefit businesses as they deliver them guaranteed sales growth, as well as a competitive advantage against other businesses within their industry.
What is the job growth incentive credit?
The Job Growth Incentive Tax Credit (JGITC) provides a state income tax credit equal to 50% of FICA paid by the business on the net job growth for each calendar year throughout credit period. The business must have a Qualified Partnership Agreement with a State Higher Education Institution (HEI).
What is the Colorado Commission on Higher Education strategic plan?
The Colorado Commission on Higher Educations (CCHEs) 2023 Strategic Plan focuses on ensuring that students receive a positive financial return on their educational investment, backed by data suggesting economic mobility is a central reason for post-secondary learning.
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The Job Growth Incentive Tax Credit is an eight-year job creation incentive and provides a state income tax credit equal to 50% of the Federal Insurance Contributions Act (FICA).
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