Bipartisan legislation would allow more businesses to access the benefits of the Rural Jump-Start Program
DENVER, CO — Bipartisan legislation sponsored by Representatives Dylan Roberts and Janice Rich that would improve and expand eligibility for the Rural Jump-Start Program today advanced from the House Rural Affairs and Agriculture Committee. The legislation passed 10-0.
“The Rural Jump-Start Program is already giving businesses in rural Colorado the support they need to create and keep jobs here in our state,” said Rep. Dylan Roberts (D-Avon). “The bill we moved forward today will ensure that more businesses can take advantage of the program’s benefits and will extend it for more years to come. I look forward to seeing this legislation continue to advance and am grateful for the support that it has received on both sides of the aisle.”
HB20-1003 would eliminate provisions that limit eligibility for the Rural Jump-Start Program in order to enable more businesses to take advantage of the incentives and benefits offered in economically distressed areas of rural Colorado. HB20-1003 also extends the program for five years and allows economic development organizations to form Rural Jump-Start Zone programs to authorize new businesses to participate. Representative Janice Rich (R-Grand Junction) is a co-prime sponsor of the legislation.
The Rural Jump-Start Program incentivizes businesses to create and maintain jobs in rural parts of Colorado by providing tax relief both to the businesses themselves and to their employees. These businesses must be located in designated economically distressed areas of Colorado known as Rural Jump-Start Zones.