Plans and Incentives
Economic Strategy
The Town of Mancos invested in a Business Development and Economic Strategy in 2019 through a grant with the Department of Local Affairs (DOLA). The resulting comprehensive report provide by RPI Consultant LLC in Durango and DHM Design is the Town's economic development growth strategic plan. Our consultants completed asset mapping, a market study, business survey and assessment of core infrastructure needs. The key findings resulted in four business development goals:
- Expand day-to-day shopping and services for area residents
- Attract tourists to explore Mancos
- Build on Mancos's own business clusters
- Make products to sell here or export
In the ensuing years Mancos has diligently worked on projects based on the strategic planning process but there is still much more to do as a community. As Mancos continues to grow the Town will work in partnership with regional resources to support local businesses and entrepreneurs to achieve many of the areas suggested in our strategic plan. Our partners include the Mancos Creative District, the Mancos Valley Chamber of Commerce and the Mancos School District RE-6.
For additional information please see the below Community Development Plans.
Mancos Business Development Incentives
The Town of Mancos supports development and offers incentives for relocating, expanding and new businesses which can include:
- Façade and beautification mini-grant
- Share of sidewalk repair/construction costs
- Waive sign permits, off street parking requirements, and other fees.
- Property tax rebates and abatement
- Sales tax rebates
- Complementary pre-development consultation for first-time and small developers
For questions regarding these incentives or other business support programs, please contact our Community & Economic Development Director.
*All incentives are subject to government approval.
Federal Incentives
HUB Zones – All of Montezuma County is a designated HUB Zone. Designation is reviewed every five years. HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones. The HUBZone program was created by the US Congress in 1998.[1] Based on the Act, small businesses will be designated as HUBZone certified if they have the following criteria:
- The firm must be a small business based on the North American Industry Classification System (NAICS)[2] for size standards.
- The business must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (including Alaska Native Corporations).[3]
- The firm's principal office (the location where the greatest number of employees perform their work, excluding contract sites) must be in a HUBZone.
- 35% of the firm's total workforce must reside in a HUBZone. On average, about 3,000 entities register for HUBZone certification each year.
Helpful Links For Businesses
Region 9 Economic Development District Colorado Office of Economic Development and International Trade (OEDIT)Southwest Colorado Small Business Development Center (SBDC)Southwest Colorado Accelerator Program for Entrepreneurs (SCAPE)Startup ColoradoMancos Valley Chamber of CommerceMancos Creative District