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Dear Business Owner, Welcome to Monument! We would like to welcome you as a new business owner in the Town of Monument! We love seeing new residents and businesses here and we want to ensure your transition is smooth. Our hope is that you enjoy operating a business in town as much as we love living here! This packet contains general information about the area and services provided. It also includes contact information for various organizations focused, at least in part, on small business and economic development. • Community Profile • Business Licenses & Sales Tax • Business Resources • Enterprise Zone Program Fact Sheet • Utility Information and Contact List • Zoning Map • Sign Information As you settle into beautiful Monument, we hope you can utilize the resources available to you. These are available through the Town of Monument, the Tri-Lakes Chamber of Commerce, Economic Development and Visitor Center and El Paso County. Please visit our website www.townofmonument, call [PHONE REDACTED] or visit Town Hall at 645 Beacon Lite Rd. for more information. Our office hours are Monday – Friday 8 am – 5 pm. We look forward to your success! The Town of Monument ---PAGE BREAK--- Population1 Monument El Paso County Total 6,226 622,263 Male 3,071 310,162 Female 3,155 312,101 Age of Population1 Median Age 36.6 years 33.6 years Projected Population2 Year Monument El Paso County 2020 7,422 731,156 2025 8,604 790,805 2030 9,975 852,624 2035 11,563 913,053 2040 13,405 972,887 Income1 Monument El Paso County Median Household Income $90,133 $57,487 Mean Household Income $95,431 $76,178 Median Family Income $90,824 $70,981 Mean Family Income $99,544 $88,673 Per capita income $29,203 $29,314 Education1 Monument El Paso County School Enrollment1 Nursery school 208 10,075 Kindergarten 238 9,906 Elementary School 972 73,492 High School (9-12) 332 35,624 College or grad school 105 60,112 Educational Attainment1 (Population 25 years or older) High school graduate 396 86,015 Some college 888 106,398 Associate's degree 315 44,842 Bachelor's degree 1,280 87,646 Graduate/professional degree 649 55,849 Race and Ethnicity (Monument)1 Place of Residence 1 Year Ago1 Monument El Paso County Population 1 year old and over 6,178 636,823 Same dwelling 5,449 492,401 Elsewhere in County 563 79,687 Elsewhere in State 132 11,823 Different State 34 43,806 Abroad 0 9,077 (400) (200) - 200 400 Under 5 10 to 14 20 to 24 30 to 34 40 to 44 50 to 54 60 to 64 70 to 74 80 to 84 Population Pyramid Monumont- 20143 Male Female 5,918 474 385 177 114 44 32 White Asian Hispanic or Latino (of any race) American Indian and Alaska Native Native Hawaiian and Other Pacific Islander Black or African American Some other race Monument, Colorado Community Profile (2014 Data) ---PAGE BREAK--- Households1 Monument El Paso County Population 6,226 622,263 In households 5,530 603,122 In group quarters 0 19,141 Total households 1,802 235,959 Family households 1,478 160,489 Living alone 259 61,264 65 years and older 74 16,876 Average household size 3.07 2.56 Average family size 3.42 3.10 Household Composition (Monument)1 Housing Supply1 Monument El Paso County Total housing units 1998 19,199 Occupied 1883 16,600 Owner 1620 11,944 Renter 253 4,656 Vacant 115 2,599 Homeowner rate 2.2% 2.5% Renter rate 0% 4.8% Median value $313,700 $157,400 Labor Force1 Monument El Paso County Civilian labor force 2,901 313,723 Employed 2,739 284,443 Unemployed 162 29,280 Unemployment Rate 5.5% 8.6% Armed Forces 61 27,458 Employment1 Agriculture, Mining 0 2,043 Construction 217 19,468 Manufacturing 231 19,369 Wholesale 28 5,544 Retail 189 32,027 Transport, Utilities 76 10,877 Information 220 7,977 Finance, real estate 131 18,278 Professional 287 36,874 Education, health 775 61,465 Tourism (food service, 319 30,839 accommodations, recreation, entertainment) Other services 138 18,078 Public administration 128 21,604 Occupation1 Monument El Paso County Management, business 1,569 114,493 Service 402 53,017 Sales and Office 457 68,456 Natural Resources, Const., Maintenance 150 24,084 Production and Transportation 161 24,393 1,883 1,287 2,438 549 69 32 Householder Spouse Child Other relatives Nonrelatives Monument, Colorado Community Profile (2014 Data) Data Disclaimer: The data in this profile are compiled from multiple sources and are intended for informational purposes only. Community Matters Inc. (CMI) assumes no responsibility or legal liability for the accuracy, completeness or usefulness of any information in this profile. Data Sources: 12014 data from the American Community Survey (ACS) 5 year estimate (2010-2014). 2Projections in Monument Water Master Plan 2015. 32010 Census Data, adjusted for Population change. ACS gender data has large margin of error. ---PAGE BREAK--- Business License and Sales Tax Every business needs one or more federal, state, or local licenses or permits to operate. Licenses can range from basic operating licenses to very specific permits (e.g. environmental permits) depending on your business needs. The Following are common types of local permits and licenses: Business License: The Town of Monument requires all organizations conducting business within town limits to have a business license. Each business license is valid for one year and costs $75 annually. http://townofmonument.org/162/Business-Licenses Sign Permit: This permit is required before erecting a new sign. http://townofmonument.org/216/Sign- Permits Building Permit: This permit is required if you are constructing or modifying your place of business. Retail Food Establishment License: This license is required and issued by the State of Colorado for all facilities selling, serving and preparing food. The El Paso County Health Department must inspect and approve all facilities before they can begin operation. Please contact the El Paso County Health Department at [PHONE REDACTED] or visit their website at www.elpasocountyhealth.org for more information. Liquor License: A liquor licenses will allow you to serve alcohol at your new business. Monument is the local licensing authority, but final approval is by the State of Colorado. http://townofmonument.org/163/Liquor-Licenses Special Event Liquor License: This license allows businesses that do not have liquor licenses to serve alcohol at public events. http://townofmonument.org/163/Liquor-Licenses State and Local Taxes Monument Tax Rate: 7.13% Total: 3.0% Town 1.23% County 2.9% State Tax Resources: www.colorado.gov/cbe www.TaxColorado.com ---PAGE BREAK--- The Town of Monument is ready to assist your small business needs. We can quickly connect you with an extensive network of resource partners and service providers. Small Business Scholarship As part of the Town's commitment to small businesses and entrepreneurs, Monument provides a Small Business Scholarship Program. This program allows reimbursement of business training expenses to small and home-based business owners/employers with 25 or fewer employees. To qualify, businesses must be licensed and located within the Monument’s Town limits. Monument Capital Project Grant The Monument Capital Project Grant Program provides provide a reimbursement grant of up to 50% of the costs of a qualifying project in an amount up to $2,500 per business or single tenant building. The purpose of the program is for eligible property owners and tenants to upgrade the appearance of existing storefronts/building facades or primary public entrances in order to help create a positive commercial environment in Monument, Colorado. Monument Marketing and Promotion Program Monument’s shops and restaurants are an integral part of the authentic Monument experience that attracts both locals and consumers from the regional market area. To provide enhanced support of Monument’s retail sector the Town of Monument is launching a Marketing and Promotions Program. The marketing and promotions would include events, workshops, or activities that attract customers and visitors to the Town of Monument and its businesses. The program will reimburse up to 50% (limit of $500) per business/year of eligible marketing expenses to include: • Posters/Fliers/Postcards/Brochures • Print Ads • Radio/TV/Web promotions • Event planner/consultant • Extra Labor/Overtime for employees to stay open extended business hours For more information or to apply please visit our website http://www.townofmonument.org/371/Business-Grants or contact Madeline VanDenHoek [EMAIL REDACTED] [PHONE REDACTED]. ---PAGE BREAK--- Additional Business Resources: Tri-Lakes Chamber of Commerce, Economic Development and Visitor Center www.trilakeschamber.com/ [PHONE REDACTED] Pikes Peak Small Business Development Center [PHONE REDACTED] El Paso County Economic Development www.admin.elpasoco.com/economic-development/ [PHONE REDACTED] SCORE www.coloradosprings.score.org [PHONE REDACTED] Pikes Peak Library District www.ppld.org ---PAGE BREAK--- Colorado Office of Economic Development and International I Sonya Guram, Program Manager I [EMAIL REDACTED] 1625 Broadway, Suite 2700, Denver, CO 80202 I (303) 892-3840 I www.choosecolorado.com I Rev. 01-06-17 Colorado Enterprise Zone Program Purpose The Colorado Enterprise Zone (EZ) Program was created by the Colorado Legislature (C.R.S. Title 39, Article 30) to promote a business friendly environment in economically distressed areas by offering state income tax credits that incentivize businesses to locate and develop in - and non-profit organizations to assist with the needs of - these communities. Program Description Taxpayers investing in Enterprise Zones can earn a credit on their Colorado income tax by planning and executing specific economic development activities. The following incentives can be earned by businesses located in Enterprise Zones for tax years beginning 1/1/2014 and after. Please see CO Department of Revenue pages for previous credit amounts. BUSINESS INCOME TAX CREDITS CREDIT AMOUNT FYI Investment Tax Credit (ITC) Commercial Vehicle Investment Tax Credit (CVITC) 3% of equipment purchases 1.5% of commercial vehicle purchases FYI Income 11 Job Training Tax Credit 12% of qualified training expenses FYI Income 31 New Employee Credit Agricultural Processor New Employee Credit $1,100 per new job $ 500 per new job FYI is not yet available Employer Sponsored Health Insurance Credit $1,000 per covered employee FYI is not yet available R&D Increase Tax Credit 3% of increased R&D expenditures FYI Income 22 Vacant Building Rehabilitation Tax Credit 25% of rehab expenditures (hard costs) FYI Income 24 FYIs are Department of Revenue publications explaining the tax credits. ADDITIONAL EZ INCENTIVES INCENTIVE AMOUNT FYI Manufacturing/Mining Sales and Use Tax Exemption Expanded S&U tax exemption in EZ FYI Sales 10 & 69 Contribution Tax Credit 25% cash / 12.5% in-kind on contributions to EZ projects FYI Income 23 Additionally, municipalities, counties and special districts may have increased flexibility pertaining to local incentives per CRS 39-30-107.5 if located in an EZ. Certain rural counties that meet additional distress criteria are designated as being Enhanced Rural Enterprise Zones (EREZ) per CRS 39-30-103.2. Businesses located in a designated EREZ county can earn an increased credit amount with the New Employee Credit (an additional $2,000 per job) and the Agricultural Processor New Employee Credit (an additional $500 per new job). See www.advancecolorado.com/erez for more information and a list of designated counties. Requirements/Eligibility Rules Areas with high unemployment rates (25% above state average), low per capita income (25% below state average), and/or slower population growth (less than 25% of state average in rural areas) may be approved for EZ designation by the Economic Development Commission. Only taxpayers engaged in business that is legal under both state and federal law are eligible to claim EZ income tax credits. Application Process Each income tax year, a business located in an EZ must apply and be Pre-certified prior to beginning an activity to earn any of the business tax credits listed in the first table. At the end of the income tax year, a business must Certify that the activities were performed. Pre-certification and Certification are applied for online. Contribution Tax Credits earned by taxpayers making donations to eligible EZ Contribution Projects certify those donations with the project organization or Local Enterprise Zone Administrator. A list of qualified projects is available online. The Commercial Vehicle Investment Tax Credit has a unique application process. Download the CVITC Application online. Applications and Additional Information: www.choosecolorado.com/ez ---PAGE BREAK--- Code Enforcement’s TOP TEN TIPS for SIGNS Welcome to Monument! We are pleased you are locating your business within the Town limits, and we commit to helping your business succeed in any way we can. If you are considering any permanent signage, please be aware that a sign permit must be obtained prior to installation. Permit applications should be submitted to the Planning Department for their review. If you are considering any temporary signage, please be aware of the following limitations and/or restrictions: 1. “Entrance”, “exit”, “open”, “closed”, “no trespassing”, and “no parking” (as long as they are less than 2 square feet) do not require permits. 2. Real estate signs located on the property that is for sale do not require permits. (Cannot be located off-site) 3. Political and campaign signs displayed no sooner than 90 days prior to and no longer than 7 days after the election they pertain to do not require permits. 4. Temporary signs are prohibited. 5. Bandit signs are prohibited. 6. Wind signs are prohibited by Monument Municipal Code. 7. A “Grand Opening” or “Close of Business” banner (and 2 pennants or streamers) can be displayed on a building wall of the establishment for a maximum of 30 days without a permit. 8. A “Sale” banner (and 2 pennants or streamers) can be displayed on a building wall of the establishment once a month for a maximum of 10 days without a permit. 9. All other banners require permits and must be displayed on a building wall of the establishment or on a permanent base designed and constructed of durable materials such as wood posts (at least 4”x4”) or metal posts (at least 2” in diameter). 10. Sandwich signs are limited to 1 per business, must be displayed within 100 feet of the establishment, may not impede vehicular or pedestrian traffic, or block another establishment’s advertising. Temporary Sign: Any sign device, banner, pennant, flag (excluding government or corporate flags), or advertising display constructed of cloth, canvas, light fabric, cardboard, wallboard or other light material, with or without a frame, that is not permanently affixed to a building or the ground. Bandit Sign: a sign of any material that is attached to a fence, utility pole, tree, traffic sign post, retaining wall. Wind Sign: a sign consisting of one or more banners, flags, pennants, ribbons, spinners, streamers, captive balloons or other material fastened in such a manner as to move upon pressure by wind or air movement. See the definitions and photos below ---PAGE BREAK--- 60 square feet maximum area 35 feet maximum height (flagpoles) 5 feet minimum set- back (flagpoles) “Open” sign does not require a permit or count against allowed sign area N SIGN 6 square feet maximum area 18 inch letter height 1 per retail business allowed 1.5 square feet per 1 foot of building length Maximum height cannot exceed parapet $25 Sign Permit fee Maximum area - 50% of window area $25 Sign Permit fee 6 square feet maximum area 18 inch letter height 1 per retail business allowed $25 Sign Permit fee SIGN SIGN SIGN SIGN SIGN SIGN 10 square feet maximum area 13 feet maximum height $25 Sign Permit fee 80 square feet maximum size $50 Sign Permit fee SIGN 9 square feet maximum area 36 inch maximum height 1 per business Does not count against allowed sign area Can be up to 100 feet from business or property line $15 Sign Permit Fee * The provided examples of signs are the most common found in the downtown area. 645 Beacon Lite Road Monument, Colorado 80132 TOWN OF MONUMENT PLANNING DEPARTMENT Phone: [PHONE REDACTED] Fax: [PHONE REDACTED] www.townofmonument.org Sign Permit Application Downtown B-Business Zoning District Location Chapter 17.56 - ‘Signs and Outdoor Advertising’ www.municode. com/library/co/ monument/ codes/ http:// www.townofmonu ment.org/forms- licenses-fees/ planning-forms- permits/ PROJECTING SIGN MONUMENT SIGN SANDWICH SIGN FLAGS AND FLAGPOLES AWNING SIGN WALL SIGN WINDOW SIGN UNDER-AWNING SIGN