How do the revised rules in the Bipartisan Budget Act of 2015 affect you and your business?
The measures introduced Wednesday would do the following, according to House Democrats:
- Launch a tech transfer program introduced by House Minority Leader Mark Ferrandino, D-Denver, and Rep. Dave Young, D-Greeley. Amendments offered by Young and Ferrandino would net $6.5 million to fund the proposed program.
- Transfer $300,000 from the Colorado Student Assessment Program to fund state small-business development centers.
- Shift $250,000 from the student assessment program to fund an angel investor program sponsored by Rep. John Kefalas, D-Fort Collins. The program would offer tax incentives to venture capitalists who invest in Colorado companies.
- Direct state Office of Economic Development and International Trade to give preference to Colorado companies that employ residents.