House Passes Dems’ Top-Priority Bill

(Feb. 11) – The centerpiece of the House Democrats’ jobs and economic development package received preliminary House approval today.

The Advanced Industries Acceleration Act has bipartisan cosponsors in Reps. Dave Young (D-Greeley) and Cheri Gerou (R-Evergreen), and Speaker Mark Ferrandino made it the first bill to be introduced this session. It would establish a grant program to promote commercialization of new technologies and growth among Colorado’s small high-tech startups.

“This bill will increase the number of high-paying, high-skilled jobs in Colorado, increase our exports and add an important brick to the building of a robust, sustainable Colorado economy,” Rep. Young said.

HB13-1001 targets advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and information technology. Colorado-based advanced-industry concerns would be eligible for proof-of-concept grants, capped at $150,000; early stage capital and retention grants, capped at $250,000, and infrastructure grants, capped at $500,000.

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