Delta County Opportunity Zone - Prospectus Building
The Opportunity Zones Program was enacted as part of the 2017 tax reform package (Tax cuts and jobs act) to address uneven economic recovery and persistent lack of growth that have left many communities across the country behind. In the broadest sense, the newly enacted federal Opportunity Zone program provides a tax incentive for investors to reinvest unrealized capital gains into pow-income urban and rural communities.
DCED, Region 10 and Delta County government are currently working closely on creating an Opportunity Zones prospectus for our community. DCED was recently awarded a technical support grant from the Colorado Office of Economic Development and International Trade (OEDIT) for $10,000 for this project. The purpose of the community investment prospectus is to attract capital in support of a specific OZ project. It includes community marketing strategy, economic development analysis and private investment memorandum. Delta County has three large census tracts that are included in OZ.
ENGAGE - E2 Energy Conference 2017 - present
Since the beginning of the creation of the Engage Initiative, DCED has partnered with the School District, Region 10 and ENGAGE to develop, market and support the E2 Energy Conference Series. The Conference series seeks to explore and educate on energy resources, not just in Colorado but also on a National Level. Speakers, contributors and attendees to the conference have come from around the USA. The 2020 Conference will be held on April 24 and 25, in the City of Delta. For more details please visit the Engage website.
PAST PROJECTS OF NOTE:
Adaptive ReUse of the Paonia Technical College (2016)
DCED and others looked at potential re-use for the Paonia Technical College in Paonia, CO, which continues to be used for mine worker safety training. The building is also home to offices for ENGAGE, DCED regional office, and Region 10.
Broadband Initiative - DMEA/ELEVATE
DCED quickly recognized that affordable, reliable and fast broadband is a necessity for our ever-changing world. Affordable broadband is a building block for healthy communities. We are thrilled with the Region 10 Middle Mile project and DMEA's commitment to providing fiber to the premise through Elevate Fiber. We are the first county in Colorado to have high-speed broadband available to all communities.
Countywide Business Branding:
DCED worked with a Branding Taskforce to create a compelling business brand for the county to recruit new businesses. After the great collaborative work of the task force we created a compelling and unique brand for Delta County. The message conveyed in the brand is universal to all our businesses and visually striking.
Economic Recovery and Prosperity Plan for Delta County: 2014
In 2014 Region 10, on behalf of Gunnison and Delta Counties, was approved for a U.S. Economic Development Administration FY 2014 Economic Development Adjustment Assistance Program Grant for Delta and Gunnison Counties. The purpose of this grant was:
Local Renewable Energy and Energy Efficiency
In September 2015, DCED convened a committee to look at the development of local renewable energy project in Delta County to supply Delta Montrose Electrical Association. Delta County has significant opportunities to generate power locally particularly related to solar, hydro and coal mine methane. A partnership was developed with Paonia based Solar Energy International and local solar installer, Empowered Energy Systems to conduct a countywide program "Solarize Delta County", putting solar on residential and business rooftops.
Participation in Collaborative Initiatives
Rural Jumpstart Zone 2017
DCED is worked to get all of Delta County designated as a Rural Jumpstart Zone. Rural Jump-Start Zone program provides specific tax relief to new businesses/divisions (these businesses cannot compete with any other business in the state) and new hires of these businesses that are located in certain economically distressed areas of rural Colorado.
The Rural Jump-Start Zone program (based on Senate Bill 15-282) is a tax relief program for new businesses and new hires who locate into certain designated areas called Jump-Start zones. For more information on Rural Jump-Start Zone click here.
Space to Create
Space to Create Colorado is the first state driven initiative for affordable housing for the creative sector in the nation. The purpose is to develop affordable housing and work space for creative workers and arts organizations and to position Colorado as the nation's leader in artist-led community transformation in rural communities. Space to Create will facilitate the development of nine projects in Colorado over the course of eight years. Delta County was eligible to apply in 2017. A community group from Paonia explored options for the Town of Paonia to apply for this initiative and were successful.