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Legislative Year: 2021 Change
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Bill Detail: SB21-229

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Title Rural Jump-start Zone Grant Program
Status Governor Signed (06/15/2021)
Bill Subjects
  • Business & Economic Development
  • Fiscal Policy & Taxes
House Sponsors H. McKean (R)
J. Amabile (D)
Senate Sponsors J. Danielson (D)
T. Story (D)
House Committee Agriculture, Livestock, and Water
Senate Committee Local Government
Date Introduced 03/31/2021
Summary

The bill 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 bill 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.

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Fiscal Notes Fiscal Notes (05/03/2021) (most recent)  
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