Did you know that an Enterprise Zone that has been created in Longmont? Colorado established a new state Enterprise Zone in our area - the North Metro Enterprise Zone. OUR Center (Outreach United Resource Center, Inc.) is one of three new projects in this new zone as of February 11, 2016.
The OUR Center's mission is to help people move toward self-sufficiency by unifying community resources. To this end, the OUR Center has embarked on a $4.7 million capital campaign, "Strengthen OUR Community - Invest in OUR Story".
What does the Enterprise Zone designation mean? First, it is an acknowledgement that the OUR Center is involved in economic development activities. The North Metro Enterprise Zone was created in an effort to support and promote economic development projects within the approved zone. The other organizations approved include the Longmont Economic Development Partnership and the TinkerMill.
The OUR Center will be promoting economic development in several ways:
• Job Training and Business Assistance.
• Community Development
• Culinary Skills Training Program (one of Advance Longmont's Targeted Industries is Hospitality/Culinary)
• Supported Employment Program (SEP) providing not only culinary skills training, but also entrepreneurship training.
• Family Resource Model
Second, this new designation presents an excellent opportunity for donors to the OUR Center's Capital Campaign. Donations received will be considered for a 25% state tax credit. Examples are provided below assuming a 28% federal tax rate and a 4.63% state tax rate. Please consult your tax advisor for details.
*The Colorado tax credits are available whether you itemize deductions or claim a standard deduction. The federal benefits depend on whether you itemize or not. Be sure to verify your particular situation with your income tax preparer.
To date, the OUR Center has raised $3.8 million of the $4.7 million campaign goal. Donations made after February 11, 2016 to the Capital Campaign will help the OUR Center cross the finish line while allowing you to take advantage of this new tax credit.
We'd love to talk with you further about this exciting opportunity. To discuss eligibility, please contact Executive Director Edwina Salazar at 303-772-5529 ext. 225 for more information.