Helping Colorado Companies to Go Global

(May 23) – Gov. John Hickenlooper went to Durango today to sign a bill to help boost Colorado businesses and create jobs.

HB13-1193, the Advanced Industries Export Accelerator Act, was sponsored by Reps. Mike McLachlan (D-Durango) and Tracy Kraft-Tharp (D-Arvada). It provides matching seed money, up to $15,000, to help qualifying Colorado businesses develop export operations. The program would include training and consultation services through the state Office of Economic Development and International Trade.

Rep. McLachlan said that in the next five years, “87 percent of the world’s economic growth will take place outside the United States. This new law will give a seat at the table to growing Colorado companies, including ones here in Durango.”

Eligible companies would be in advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and information technology. OEDIT would be able to charge a fee for its training and consultation services.

Rep. Kraft-Tharp called it the “export your products, not your jobs” bill.

“So many Colorado companies have products or services that they could sell abroad, but don’t have the knowhow to access these markets,” she said. “We’re creating an efficient way for companies to springboard themselves into the global economy.”

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