December 5, 2016
Enterprise Zone Project Designation

Wellness Center Becomes an Enterprise Zone Project

Estes Park Medical Center Foundation recently received Enterprise Zone Designation through the State of Colorado Office of Economic Development and International Trade. The Colorado Enterprise Zone is designed to spur economic and community development in areas around the state.
An Enterprise Zone is a state designated area in need of economic growth and diversification. It provides various state income tax credits to encourage the private sector to invest resources to create or maintain jobs or spur economic development.

Estes Park Medical Center started the application process in October of 2015 and has worked diligently with the local Larimer County Enterprise Zone Administrator, Jacob Castillo. Estes Park Medical Center Foundation and Estes Park Medical Center have paved the way for health initiatives and projects along with the local Estes Park Economic Development Corporation (EDC) over the last two years. The EDC will partner with the foundation and Larimer County to promote the Enterprise Zone for regional and local vitality as well as future growth.

Estes Park Medical Center Foundation has been in the quiet phase of fund raising for the proposed wellness center since 2015. As a Colorado tax payer, the Enterprise Zone will benefit you by:
·        Decreasing the amount of taxes you owe
·        Provides you the opportunity to invest in your own community
·        Donors can designate their donation to a specific project

"We are truly excited about receiving the Enterprise Zone designation," said Kevin Mullin, Executive Director of Estes Park Medical Center Foundation. "Donors who make a contribution to the medical center foundation fundraising efforts for the wellness center may claim a 25% state income tax credit based on the value of the contribution (up to a maximum of $100,000)."

The Enterprise Zone recognizes non-cash donations.Gifts of property, stocks, or other in-kind donations may qualify for state tax credits, but non-cash contributions are limited to a 12.5-percent credit rather than the 25-percent allowed for cash donations.

Estes Park Medical Center and the medical center foundation are extremely grateful to the EDC for their assistance and support in applying and securing the Enterprise Zone designation.

For more information about the Wellness Center project and to contribute, please contact Kevin Mullin at 970-577-4306 or
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