The Enterprise Zone (EZ) Program is a program run by the State of Colorado's Office for Economic Development and International Trade (OEDIT). The EZ Program encourages development in economically distressed areas of the state.
Cortez, Colorado (and the entire Montezuma Valley) is in a designated enterprise zone. This means that:
Businesses are eligible for state income tax credits and sales and use tax exemptions for specific business investments
Economic development projects form by incentivizing taxpayers to contribute through state income tax credits
Taxpayers who contribute to enterprise zone projects may earn income tax credits