Incentives & Financing

We seek to attract new businesses, and help existing ones, expand and grow in Trinidad-Las Animas County. A renewed interest in what the area offers culturally, economically, and socially is fueling an opportunity to do business in a part of the state that is the second busiest port of entry. Incentive programs offered through the city, state, and federal government is are designed to be catalysts in a part of the state looks to grow.

With a low cost of living in comparison to other parts of Colorado, Trinidad-Las Animas County is uniquely positioned to use to its advantage low taxes and business costs, performance based incentives to qualified companies to create new jobs, customized training, to stimulate the local economy.

It starts at the local level,  where incentive packages are granted on a case by case bases. These incentives are considered according to employee count, wages, and industry type. They are powerful tools to attract and retain business to Trinidad-Las Animas County.

 
 

City of Trinidad

The City of Trinidad Office of Economic Development has a strong portfolio of incentives designed to encourage businesses to relocate, to expand, and to encourage the development of employment opportunities. These local incentives, coupled together with the State of Colorado, can provide competitive packages to meet your businesses needs and objectives. 

Local Tax Credits
Sales Tax: Ability to apply for a waiver of your company's City of Trinidad portion of the sales tax. Opportunity to waive up to 100%. 

Local Financing
Loan Interest Rate Subsidy: Provided by the Trinidad Urban Renewal Authority, this program assists business and/or property owners in subsiding a business loan's finance costs. The loan interest rate subsidy covers a secured business loan that is used to in capital development in retaining, expanding, or relocating the applicant business.. 

Otero-Las Animas County Business Loan Fund: This partnership between Otero and Las Animas County is designed to work with local lending institutions to provide low interest loans to higher-risk, for profit businesses in both counties. The employer is required to create or retain one full-time position for every $20,000 borrowed.

More information →

Local Lenders

Business has a variety of financing options available. Trinidad-Las Animas County has three banks and one savings and loan institution. All are receptive in considering community and industrial projects. 

Banks
Bank of the West
125 N. Commercial St
Trinidad, CO 81082
719-846-4464

Century Savings & Loan
233 E. Main St
Trinidad, CO 81082
719-846-2257

International Bank
320 N. Convent
Trinidad, CO 81082
719-846-1600

First National Bank
100 E. Main St
Trinidad, CO 81082
719-846-9881

 

 
 
 

State of Colorado

Businesses of all sizes and origins, as well as non-profits, real estate developers, higher education partners and investors are encouraged to apply for the resources most applicable to helping you achieve your goals. These financing and incentive programs are made up of cash incentives, business grants, tax credits, debt and equity financing among others. Furthermore, state Business Funding and Incentives team are available to assist you navigate this wide range of opportunities to find the available programs that best fit your business operation and goals.

Incentives

Department of Agriculture

USDA Rural Development. is committed to helping improve the economy and quality of life in rural America.

They offer loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.

They offer technical assistance and information to help agricultural producers and cooperatives get started and improve the effectiveness of their operations.

FInancing