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Region 9 asks Montezuma County to renew participation in state Enterprise Zone; county likely eligible under preliminary data
Summary
Region 9 staff asked Montezuma County to continue participating in the state Enterprise Zone program and to permit Region 9 to remain the zone administrator. Staff reviewed eligibility criteria, the role of census tracts if a county does not meet countywide thresholds, and outreach challenges to small businesses.
Region 9 staff asked Montezuma County to confirm that the county wants to continue participating in the state Enterprise Zone program and to have Region 9 continue serving as administrator for the five-county zone.
Region 9 staff explained how eligibility is determined under state statute, saying the test considers per-capita income, unemployment and population growth. "It's basically that per capita income is less than 75% of the state average. Unemployment rate is 25% or greater than the state average over a 12 month period. And then, the population growth rate is less than 25% of the state average," Region 9 staff said. Staff noted that if a county meets the thresholds as a whole it…
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