Montezuma County, however, still is considered an \u201ceconomically distressed area\u201d and will not be affected, said Laura Lewis, assistant director of Region 9. Legislation passed in 2012 requires the enterprise zone designations at least once every five years to determine if boundaries meet at least one of the three statutory criteria for determining economic distress.<\/p>\n
Modifications to boundaries that are needed as a result of a review shall not be made in a high unemployment period.<\/p>\n
When reviewing qualification, Region 9 looks first at the county level, and if the county as a whole doesn\u2019t meet distress criteria, individual census tracts are considered.<\/p>\n
Lewis said that the individual census block of Mancos would actually not be eligible this time around because it has made some economic gains over the last five years.<\/p>\n
\u201cMontezuma County will stay as an Enterprise Zone because it meets the distress criteria as a county so they\u2019ll be no changes, but if it didn\u2019t meet the criteria county then we\u2019d have look to at individual census tracks and right now, if we did, the Mancos census tract actually is doing well economically and would not meet the criteria so they would\u2019ve been out,\u201d said Lewis.<\/p>\n
While she stressed that the changes will not affect Montezuma County businesses and organizations that are taking advantage of the tax credits, Region 9 will hosting three information meetings for area tax preparers and affected businesses, including one in Cortez.<\/p>\n
The presentations will cover options for businesses that utilize tax credits and are going out of the zone; detailed maps and information about the new boundaries and more.<\/p>\n
The Cortez meeting will be held Tuesday, May 12, from 10 a.m. to 12 p.m. in the Cortez Rec Center\u2019s Mesa Room.<\/p>\n
For more information, call 970-247-9621.<\/p>\n","protected":false},"excerpt":{"rendered":"
Montezuma County, however, still is considered an \u201ceconomically distressed area\u201d and will not be affected, said Laura Lewis, assistant director of Region 9. Legislation passed in 2012 requires the enterprise zone designations at least once every five years to determine if boundaries meet at least one of the three statutory criteria for determining economic distress. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6363],"tags":[188],"naviga_topic":[],"class_list":["post-112859","post","type-post","status-publish","format-standard","hentry","category-ds-news","tag-dolores-star"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/112859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=112859"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/112859\/revisions"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=112859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=112859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=112859"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=112859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}