DENVER – ZenPayroll, a California-based firm that helps small businesses manage payroll, will bring about 1,700 jobs to Denver in the next few years as part of an expansion announced Tuesday on the steps of the state Capitol.
The state and city teamed up to offer the company a multi-million dollar incentive package to help encourage the move to the Mile High City.
Through Colorado’s Job Growth Tax Credit the company is eligible to receive $17.5 million over the next eight years. The credit is claimed on the business’s state income taxes. ZenPayroll will receive half of what it pays in federal income tax back in state tax credits for each job created.View Article