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HB20-1003

Rural Jump-start Zone Act Modifications

Concerning modifications to the rural jump-start zone act.
Session:
2020 Regular Session
Subject:
Business & Economic Development
Bill Summary

The act:

  • Extends the rural jump-start program for an additional 5 years;
  • Adds a legislative declaration stating that the purpose of the 5-year extension is to create or retain jobs in order to help address the still significant contraction of local economies in certain areas of the state;
  • Changes the existing competition clause to specify that a new business applying for rural jump-start program benefits cannot compete with an existing business in the rural jump-start zone in which the business will be located or in any distressed county that is contiguous to the rural jump-start zone;
  • Adds economic development organizations as authorized entities to apply to:
  • Form a rural jump-start zone; or
  • To allow a new business to participate in the rural jump-start program; and
  • Amends the reporting requirements to ensure that any future evaluation of the rural jump-start program can rely on clear, relevant, and ascertainable metrics and data provided by the economic development commission.
    (Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

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