ࡱ> 574 bjbj΀ 4 )S0=SSSS...$%>.....SS .SS.SD.#0Scrcc(..........S....c......... :  Press Release For Immediate Release 6/20/2010 Craig, CO The Craig Moffat Economic Development Partnership (CMEDP) helps save Enterprise Zone Tax credits from the chopping block. CMEDP contributed to efforts to save the Enterprise Zone Tax credits during a difficult year when nearly every state program came under fire. Enterprise Zone Tax credits are vital to encouraging business investment in Moffat County. During 2008 we had 70 businesses that invested over $135,000,000 in Moffat County and were awarded $3,850,000 in tax credits. The fight to retain these important business investment credits began months ago. Last November CMEDP contacted Senator Al White and Representative Randy Baumgardner to ensure that they understood the value of these credits in our local economy. CMEDP alerted some of the larger companies that would be impacted and also worked with our partners throughout the state to ensure that the members of the legislature were informed of the importance of the Enterprise Zone program. CMEDP was able to contribute to a white paper developed by the Economic Development Council of Colorado. We would like to thank the EDCC for their efforts in educating state leaders on the Enterprise Zone program and its impact on our economy. Quote from Enterprise Zones Critical to Colorados Economy (EDCC Website Link:  HYPERLINK "http://www.edcconline.org/Page.aspx?PageID=1483" http://www.edcconline.org/Page.aspx?PageID=1483) Darcy Trask, Craig Moffat Economic Development Partnership: The Craig Moffat Economic Development Partnership works to support a healthy, vibrant, and diverse economy for the citizens in Moffat County. As an economic development organization in a very rural and remote area of Colorado, we understand that our regions small businesses have special challenges that many of their urban and Front Range counterparts dont face. We believe the Enterprise Zone tax credits are important because they are aimed at encouraging economic development and business activity in areas like Moffat County. These credits are valued and have particular importance to challenged rural economies. Enterprise Zone tax credits are important to the entire Northwest Colorado region. For example in 2009 over 350 businesses in NW Colorado (Garfield, Routt, Rio Blanco, Moffat, Grand, Clear Creek and Jackson Counties) received credits of approximately $37,000.000. Associated Governments of Northwest Colorado, the administrator for our regions enterprise zone, also worked to ensure these credits were retained. The City of Craig, Moffat County, and many local business support CMEDPs work. It is a great success when we can contribute to making Moffat County more business friendly. We are happy to have been a part of the effort to keep these credits which encourage investment in our local economy. 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