State legislation allows cities and counties to negotiate corporate property tax rebates. Adams County’s policy for qualifying companies is to rebate up to 50% of property taxes for the first four years. If the company is located inside an enterprise zone, it may be eligible to receive tax rebates for both real and personal property taxes. If the company is located outside an enterprise zone, it is only entitled to personal property tax rebates. For a map of Thornton's Enterprise Zone click here.
Adams County Economic Development (ACED) is the County’s designated agent for incentive recommendations. Incentive proposals are evaluated based on the total economic impact to Adams County, which includes capital investment, job growth and wage levels. To be considered for incentives, typically:
All incentives are considered on a case-by-case basis. The company must be in the negotiation stages of the relocation or expansion process. An incentive package will only be considered prior to a company making a final site selection decision. Please note that the County’s incentives usually are limited to a match of the amount of incentives offered by the City.