Grand Junction, CO, May 22, 2016 --(PR.com
)-- Yesterday, the Colorado Economic Development Commission approved REBCO Enterprises, LLC to join the Rural Jump-Start Tax Credit Program in Mesa County, which offers businesses and their employees a tax break for up to eight years.
REBCO Enterprises produces the “Hydropot,” the world’s only ultra-low energy, fully self-contained, soilless growing system that recycles water. The company plans to produce the two largest components for the Hydropot in Grand Junction, Colo., using local manufacturers. The products will be distributed to hydroponics stores, nurseries and wholesale distributers nationwide.
Reb Bieber, founder of REBCO Enterprises, moved his family to Grand Junction from California in order to participate in the Jump-Start program.
“We see a lot of synergies with industry in California,” said Kristi Pollard, executive director of the Grand Junction Economic Partnership, official economic development agency for Mesa County and the first point of contact for companies seeking to join Jump-Start. “We’ve got a strong foundation in agriculture, healthcare and renewable energy, and we also have a fast-growing tech industry.”
Earlier this year, Australian-based TSW Analytical, a global leader in forensics investigation and technology development, opened its first North American operations in Mesa County as part of Jump-Start.
REBCO and TSW Analytical are joined by two local expansion projects: Colorado Clean, a biodegradable plastics company, and ProStar Geocorp™, a software company providing GIS 'Geospatial Intelligent Solutions™' to pipeline and utility owners.
“Mesa County is budding with young entrepreneurs with big ideas,” continued Pollard. “We’re excited to be able to offer them a program like Jump-Start to get their business off the ground running.”
As Colorado’s first Jump-Start zone, Mesa County has led the path for startups in advanced technologies and manufacturing to build and grow their businesses. Jump-Start companies receive up to eight years of zero state income and sales & use taxes; zero county and municipal property taxes and sales & use taxes; and zero state income taxes for their employees. In exchange, the businesses will add a minimum of five net new jobs to the county in high-paying, highly skilled fields. The companies also agree to form a partnership with Colorado Mesa University, a local institute of higher education, through mentorship, internship opportunities and community involvement.
About Mesa County, Colorado
Mesa County (pop. 148,255) sits at the confluence of the Colorado and Gunnison rivers on the western slope of the Colorado Rockies, bordering Utah. The county’s main seat is the City of Grand Junction, which is 250 miles from both Denver, Colo., and Salt Lake City, Utah – and the largest city between the two. The county also encompasses the more rural City of Fruita and small towns of Palisade, Collbran, DeBeque, Gateway, Mack and Mesa – a region commonly referred to as Colorado’s Grand Valley.