Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB21-229

Rural Jump-start Zone Grant Program

Concerning the creation of the rural jump-start zone grant program, and, in connection therewith, making an appropriation.
Session:
2021 Regular Session
Subjects:
Business & Economic Development
Fiscal Policy & Taxes
Bill 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.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Danielson, Sen. T. Story
Rep. J. Amabile, Rep. H. McKean

Sponsor

Co-sponsor

Upcoming Schedule