The general assembly hereby finds and declares that, in light of current economic conditions in Colorado, it is in the best interests of the people of this state that measures be taken to encourage, promote, and stimulate economic development and employment in Colorado. To that end, it is the purpose of this article to bring […]
Effective July 1, 1996, the Colorado economic development commission is abolished and the terms of the members of the commission serving as such immediately prior to June 30, 1996, are terminated. There is hereby created the Colorado economic development commission in the Colorado office of economic development, referred to in this article as the “commission”. […]
The commission shall adopt its own rules of procedure, shall elect a chairman and a vice-chairman from its membership, and shall keep a record of its proceedings. The commission shall meet at least once each quarter. Members shall serve without compensation but shall be entitled to reimbursement for actual and necessary expenses incurred in the […]
The commission has the following powers and duties: To adopt an annual budget; To develop operating guidelines relating to the manner and forms of financial assistance such as loans, grants, and local match requirements to be provided for various types of projects; To review the economic needs of the various geographical regions of Colorado; To […]
As used in this section, unless the context otherwise requires: “Business” means a person doing business in the state. “Department” means the Colorado department of revenue. “Income tax credit” means the income tax credits allowed to a business no sooner than the income tax year commencing January 1, 2019, in section 39-22-531, 39-30-104, 39-30-105.1, or […]
There is hereby created a fund to be known as the Colorado economic development fund, referred to in this part 1 as the “fund”, which shall be administered by the commission and which shall consist of all moneys that may be available to the commission. The commission may transfer to the fund any general fund […]
Every private person or entity that receives a grant or loan from the commission pursuant to this article, awarded in part or in whole on the basis of the person’s or entity’s creation of full-time permanent new jobs with wage requirements shall file a progress report with the commission. The progress report shall include, but […]
The general assembly hereby finds and declares that the commission encourages, promotes, and stimulates economic development and employment in Colorado by awarding economic development incentives to employers in the form of grants, loans, and performance-based incentives. The general assembly further finds that it is in the best interest of the people of the state to […]
Any local government may participate in federal programs to develop new business, expand existing business, or promote economic development within its jurisdiction. Any local government participating in such programs may enter into contracts for the administration of such programs and expend moneys as required for participation in such programs. Source: L. 97: Entire section added, […]
(Deleted by amendment, L . 2008, p. 943, § 1, effective August 5, 2008.) On or after January 1, 2006, but prior to January 1, 2011, any employer that satisfies the criteria that the commission has established for an employer to qualify for a grant or a loan from the commission pursuant to section 24-46-105 […]
(Deleted by amendment, L. 2009, (HB 09-1010), ch. 419, p. 2332, § 3, effective July 1, 2009.) (Deleted by amendment, L. 2009, (HB 09-1010), ch. 419, p. 2332, § 3, effective July 1, 2009.) (Deleted by amendment, L. 2009, (HB 09-1010), ch. 419, p. 2332, § 3, effective July 1, 2009.) Repealed. and (6) (Deleted […]
This part 1 is repealed, effective July 1, 2025. Source: L. 87: Entire article added, p. 1027, § 1, effective July 8. L. 89: Entire section amended, p. 340, § 5, effective June 7. L. 91: Entire section amended, p. 825, § 3, effective March 29. L. 93: Entire section amended, p. 470, § 3, […]
