SB 21-229 CO Became Law
Rural Jump-start Zone Grant Program
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Summary
The act creates the rural jump-start zone grant program (grant program) and authorizes the Colorado economic development commission (commission) to issue grants, subject to available appropriations, as follows:Up to $20,000 to new businesses to establish operations; Up to $40,000 to new businesses to establish operations in a tier one transition community; Up to $2,500 to new businesses for each new hire; and Up to $5,000 to new businesses for each new hire who is hired for operations established in a tier one transition community. The act also authorizes the commission to issue grants, at its discretion and subject to available appropriations, not to exceed $30,000 per applicant, to a state institution of higher education or an economic development organization that collaborates with a new business in order to support the new business in meeting the requirements for the business under the grant program.The act creates the rural jump-start zone grant fund account in the Colorado economic development fund, which consists of any money appropriated to the fund by the general assembly, and may be used:By the commission to issue grants; and For the direct and indirect costs that the Colorado office of economic development incurs, not to exceed a specified amount, to administer the grant program.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Jessie Danielson Democratic · primary
- Tammy Story Democratic · primary
- Judy Amabile Democratic · primary
- Hugh McKean · primary
Action history (17)
- Jun 15, 2021 Governor Signed · executive
- Jun 10, 2021 Sent to the Governor · executive
- Jun 10, 2021 Signed by the President of the Senate · upper
- Jun 10, 2021 Signed by the Speaker of the House · lower
- Jun 2, 2021 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Jun 1, 2021 House Third Reading Passed - No Amendments · lower
- May 28, 2021 House Second Reading Special Order - Passed with Amendments - Committee · lower
- May 28, 2021 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- May 27, 2021 House Committee on Finance Refer Unamended to Appropriations · lower
- May 24, 2021 House Committee on Agriculture, Livestock, & Water Refer Unamended to Finance · lower
- May 19, 2021 Introduced In House - Assigned to Agriculture, Livestock, & Water · lower
- May 19, 2021 Senate Third Reading Passed - No Amendments · upper
- May 18, 2021 Senate Second Reading Passed with Amendments - Committee · upper
- May 14, 2021 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- May 5, 2021 Senate Committee on Finance Refer Unamended to Appropriations · upper
- Apr 29, 2021 Senate Committee on Local Government Refer Amended to Finance · upper
- Mar 31, 2021 Introduced In Senate - Assigned to Local Government · upper
Text versions (10)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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