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May 10, 2024

Gov Signs Bipartisan Bill to Support Colorado’s Workforce

DENVER, CO - Governor Polis today signed a bipartisan bill into law that will create a refundable state income tax credit and grant programs to boost registered apprenticeship opportunities.

“Colorado has made a lot of progress in our efforts to expand apprenticeship opportunities, and this new law will help employers offset the costs of creating high-quality registered apprenticeships to connect Coloradans with on-the-job experience and address workforce shortages,” said Rep. Jenny Willford, D-Northglenn. “By supporting businesses in new and emerging industries to create apprenticeship opportunities, more Coloradans can earn money while they learn the ropes of their chosen industry. This law will allow us to help local businesses keep their doors open and create a stronger workforce with in-demand skills to keep our communities running.”

“I’m committed to paving the way for equitable access to opportunity, so that all Coloradans have the chance to get ahead – and a key way we can do that is by investing in our workforce,” Senate President Pro Tempore James Coleman, D-Denver, said. “We’re bringing forward resources that will expand existing programs and increase the adoption of registered apprenticeships. These investments can create more than 8,000 new apprenticeships, and give Coloradans the opportunities they need to succeed.”

HB24-1439, also sponsored by Representative Ron Weinberg, R-Loveland, and Senator Mark Baisley, R-Sedalia, creates a refundable state income tax credit for eligible employers starting in tax year 2025. This income tax credit is available to businesses operating in a new and emerging industry with a registered apprenticeship program. 

HB24-1439 also creates the Scale-Up Grant Program to start new or expand existing registered apprenticeship programs and the Qualified Apprenticeship Intermediary Grant Program to connect employers or apprenticeship program participants to registered apprenticeship programs. 

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