April 28, 2022

BILLS TO SAVE RESTAURANTS MONEY AND REVITALIZE COMMUNITIES ADVANCE

DENVER, CO – House committees today advanced two bills that will allow restaurants to save money by keeping some of the sales tax they collect and invest in community revitalization projects that create jobs and support local economies.


“Despite the end of public health orders, restaurants are still struggling with workforce challenges and increased costs, so we are redoubling our efforts to save them money each month,” said Rep. Dylan Roberts, D-Avon. “This legislation will save almost 9,000 restaurants and retailers close to $40 million this summer, which they can use to cover expenses, expand their business, pay their workers more and reduce costs for consumers.”

“Today, House committees passed two of my bills, which will save restaurants and retailers money and revitalize communities in every part of our state,” said Rep. Leslie Herod, D-Denver. “HB22-1406 will allow restaurants to keep some of the sales tax they collect to provide them relief from rising costs and workforce challenges. The Community Revitalization Grant Program has funded amazing projects from Ridgway to Denver that have created and sustained jobs and boosted local economies. Because of the success of these grants, we’re dedicating an additional $20 million which will go directly to building vibrant spaces that drive economic opportunity.”

“All you have to do is look at the incredible projects that are coming online across the state to see the amazing success of the Community Revitalization Program that we created last year through bipartisan legislation,” said Rep. Brianna Titone, D-Arvada. “This program has proven so successful that we are dedicating an additional $20 million this year to help jumpstart new projects that will revitalize communities and mainstreets in every part of Colorado.”

HB22-1406, sponsored by Representatives Leslie Herod and Dylan Roberts, passed the House Finance Committee by a vote of 9-2. The bill will save nearly 9,000 restaurants and retailers nearly $40 million by allowing them to keep some of the sales tax they collect.

HB22-1409, sponsored by Representatives Leslie Herod and Brianna Titone, passed the House Business Affairs and Labor Committee by a vote of 11-1. The bill directs an additional $20 million to the Community Revitalization Grant Program, which the legislature created last year as part of Democrats’ Colorado Comeback State Stimulus plan. The program provides gap funding for projects in creative districts, historic districts, mainstreets or neighborhood commercial centers to create workforce housing, commercial spaces, and child care centers to support the state’s economic recovery. Projects that have already received funding can be found here.