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Hospice named an Enterprise Zone project

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Monday, Nov. 17, 2014 10:10 PM

Hospice of Montezuma has been approved as an Enterprise Zone Contribution Project by the Colorado Economic Development Commission (EDC). This designation allows all donor contributions above $250 or more for this project eligible for a 25 percent state tax credit on cash donations, and a 12.5 percent state tax credit on in-kind donations.

Hospice of Montezuma was approved as a Contribution Project because they provide needed rural health-care services specifically hospice and home care utilizing nurses, physicians, social workers, counselors, clergy, and volunteers to allow residents to stay in their homes.

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, Archuleta, San Juan, and Dolores Counties are designated enterprise zone areas. La Plata County has some areas that are not considered distressed, and thus not included.

Currently, 31 projects are designated in Southwest Colorado. A list of eligible Enterprise Zone projects and program information is available at www.scan.org or by calling the Region 9 Economic Development District at 970-247-9621. To reach Hospice of Montezuma, please call 970-565-4400.

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