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A5BBD4C750025005872583910073C900 Hearing Summary




PUBLIC
BILL SUMMARY For SB19-067

SENATE COMMITTEE ON FINANCE
Date Jan 29, 2019      
Location SCR 357



SB19-067 - Lay Over


02:04:42 PM  

Senators Coram and Rankin, bill sponsors, introduced Senate Bill 19-067, and its origin.  The bill creates a program to fund entrepreneurships in rural parts of Colorado.  The bill sponsors responded to questions from the committee related to definitions in the bill.

02:04:43 PM  

The following three witnesses testified remotely from Colorado Mesa University:

02:15:00 PM  

Ms. Bonnie Peterson, Associated Governments of Northwest Colorado, gave testimony in support of the bill.  Ms. Peterson responded to a question from the committee related to the grant program mechanics.

02:23:06 PM  

Ms. Sandy Head, Executive Director of the Montrose Economic Development Corporation, testified in support of the bill.

02:27:46 PM  

Mr. Don Suppes, County Commissioner of Delta County, gave testimony in support of the bill.

02:27:47 PM  

Remote testimony ended, and witness testimony continued.

02:29:47 PM  

Ms. Emily Ibach, Colorado Farm Bureau, gave testimony in support of the bill.

02:32:21 PM  

Ms. Samantha Walsh, Colorado Hemp Agricultural Advancement Guild, gave testimony in support of the bill.  Ms. Walsh responded to a question from the committee related to other sources of capital for rural development.

02:37:48 PM  

Mr. Bill Clayton, Colorado Counties Inc., testified in support of the bill.  Mr. Clayton responded to a question from the committee related to the size limit on counties or communities that would qualify for a grant.

02:39:17 PM  

Senator Coram provided further comments on the intended impact of the bill.

02:40:48 PM  

Mr. Jeff Kraft, Colorado Office of Economic Development and International Trade (OEDIT), gave neutral testimony describing how the proposed program would fit into the porfolio of OEDIT's current work.  Mr. Kraft responded to questions from the committee related to program design, tracking third-party capital, other programs available to entrepreneurs, and other benefits grant recipients may obtain from OEDIT.

02:58:11 PM  

Mr. Kraft responded to further questions from the committee related to local competition, economic need, and strategic funding.

03:05:43 PM  

Senators Rankin and Coram made closing comments on the bill.

03:05:44 PM  

The bill was laid over to a date to be determined.






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