Small-business development bill passes House

DENVER – A bill that would earmark an extra $300,000 for the state’s network of Small Business Development Centers  advanced to the House Appropriations Committee Wednesday with bipartisan support.

The bill was sponsored by Rep. Max Tyler of Lakewood. It passed the Economic and Business Development Committee on a vote of 10-3.

“With a staff of four and a general-fund appropriation of less than $85,000, the centers served over 5,500 businesses, created 1,700 new jobs … and assisted in more than $132 million in small-business capital formation, and this was in 2011,” Tyler said.

The bill is supported by organizations such as the Denver Metro Chamber of Commerce, the National Federation of Independent Businesses and the state Economic Development Commission.

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