June 09, 2016
The Sunflower Theatre has been approved as an Enterprise Zone Contribution Project by the Colorado Economic Development Commission (EDC), May 19th. This designation allows any donor contributions at $250 or more to be eligible for a 25% state tax credit on cash donations, and a 12.5% state tax credit on in-kind donations such as professional services.
The project was approved as a community event and performing arts venue that contributes to the county's economy.
In 1986, the Colorado State Legislature approved the Enterprise Zone Tax Credit program to assist economically distressed areas of the state. In Southwest Colorado, all of Montezuma, San Juan, and Dolores Counties are designated enterprise zone areas. La Plata County and Archuleta have some areas that are not considered distressed, and thus not included.
Currently 30 projects are designated in Southwest Colorado. A list of eligible Enterprise Zone projects and program information is available online at www.scan.org or by calling the Region 9 Economic Development District at 970-247-9621. Please go to www.ksjd.org for more information on the Sunflower Theatre.
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