Unlocking Opportunity in Economic Development Zones

The state of the economy can have a major influence on how business owners grow and operate, especially when running a young or developing company. We often see entrepreneurs feel overwhelmed by the complexity of it all. Most business owners are experts in their own field or product. But growing a business takes more than just subject-matter knowledge. Early-stage companies rarely have the budget to hire
specialists for every function. After years of working alongside a wide range of professionals, we’ve built deep knowledge not just in our own areas, but across disciplines. We’ve learned directly from top performers in finance, public policy, workforce development, and more.

One area that is often overlooked is government grant and incentive programs designed to support local businesses. In Colorado, one of the most impactful of these is the Enterprise Zone Program, which offers tax credits and other incentives to businesses located in designated zones. We understand. After jumping through hoops just to register your business, the last thing you want is more paperwork. But these programs exist for a reason: to attract companies that drive job growth and contribute to the local economy. Many of our 12 locations within the Ohana Network of coworking spaces are located in economic development zones. We’ve seen how leveraging these programs can reduce costs, improve access to funding, and create opportunities for public-private partnerships. These resources include wage subsidies, tax credits, and reimbursements for workforce training. They are valuable, but often buried beneath layers of red tape and government jargon. That is where we come in. Our team does more than provide workspace. We help demystify these opportunities. We’ve built strong relationships with local economic development officers and have helped members access funding they didn’t even know existed.

If you’re considering launching a business in Colorado, especially in cities like Denver, Boulder, or Greenwood Village, our coworking communities are strategically located to help you benefit from these resources. Whether you’re building your first business or your fifth, don’t overlook the incentives available in your own backyard, especially if your “backyard” is part of the Ohana Network. Where you grow your business matters. With the right tools, support, and incentives, growth is
not just possible. It is inevitable.