State Launches Freight Rail Tax Credit to Boost Business in Coal Transition Communities

State starts program for coal workers as plants, mines close

(The Center Square) — With coal mines and coal-fueled power plants continuing to move toward closure in Colorado, the state’s Office of Just Transition is launching a program supporting the industry’s workers. The program will provide free, personalized support to…

State launches freight rail tax credit to boost business in coal transition communities

Governor Jared Polis and the Colorado Office of Economic Development and International Trade have announced a new Freight Rail Tax Credit program aimed at revitalizing freight rail lines in communities impacted by coal plant closures, according to a statement released on Thursday. The program, established by Senate Bill 24-190, is designed to diversify economic activity in the Yampa Valley by incentivizing use of Union Pacific’s Craig Branch Lin…