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Apprenticeships offer employers the benefit to custom-train a skilled workforce to meet your specific industry needs.
Develop in-demand skills: provide targeted training needed to ensure high quality output in your industry.
Increase employee retention: apprentices feel more committed to the employer thanks to the investment in their training, leading to lower turnout rates.
Improve Productivity: apprentices can apply their skills effectively and immediately as they are trained in real work environments.
Build a Talent Pipeline: employers can reduce recruitment costs, by cultivating a pool of trained workers and a steady supply of skilled talent.
The Colorado State Agency on Apprenticeships announced details for the Apprenticeship Tax Credit for new and emerging industries.
The New & Emerging Industries Apprenticeship Tax Credit was created by HB24-1439 Financial Incentives Expand Apprenticeship Programs to encourage the adoption and expansion of Registered Apprenticeship Programs in the New & Emerging Industries. The Tax Credit is a refundable state income tax credit that employers of Registered Apprenticeship Programs in Colorado can claim for apprentices in "New & Emerging" occupations. The Apprenticeship Tax Credit Rules 7 CCR 1108-2 became effective on January 14, 2025. If you are interested in learning more about how to join a registered apprenticeship program, contact us.
Organizations that are eligible for the tax credits must meet all of the following criteria:
Be a qualified taxpayer doing business in Colorado
Employ one or more apprentices in a Registered Apprenticeship Program (RAP) for at least six months in a tax year.
Employ apprentices in a “New and Emerging” occupation based on the Program’s occupational classification.
Be listed on the Colorado Registered Apprenticeship Programs Directory. If you cannot find your program, please complete an Apprenticeship Directory Update Form. Keep in mind that Pikes Peak State College is your sponsor so we, not your individual organization, would need to be listed.
Read the Frequently Asked Questions (PDF) to learn more about the eligibility and how to prepare.
