Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB20-1003

Rural Jump-start Zone Act Modifications

Concerning modifications to the rural jump-start zone act, and, in connection therewith, making an appropriation.
Session:
2020 Regular Session
Subject:
Business & Economic Development
Bill Summary

The bill:

  • 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; and
  • 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: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Under Consideration

Menu

Bill Text

Pursuant to HJR20-1007, the Second Regular Session of the 72nd General Assembly is Temporarily Adjourned until 10:00 a.m., Monday, March 30, 2020. 

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The legislature will meet in limited session on Monday, March 30th. The Capitol will be open for the duration of the session for those with essential business related to the session. The building will not be available for public tours. People without essential business are encouraged to access the session through the General Assembly website and Colorado Channel.  Anybody with essential business related to the session will be required to practice appropriate social distancing measures.