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SB21-241

Small Business Accelerated Growth Program

Concerning the creation of the small business accelerated growth program, and, in connection therewith, making an appropriation.
Session:
2021 Regular Session
Subject:
Business & Economic Development
Bill Summary

The bill creates the small business accelerated growth program (program) administered by the Colorado office of economic development (office). The program provides business development support to small businesses with 19 or fewer employees. The office is required to develop a marketing initiative for the program in coordination with the minority business office, the small business development center, and local and regional economic development entities to promote the program. The businesses selected to participate in the program have one year to use the business development support offered by the program, and $1,350,000 in grants from the Colorado startup loan fund are for participants demonstrating need and success under the program. The bill makes an appropriation.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Bridges, Sen. R. Fields
Rep. L. Daugherty, Rep. N. Ricks

Sponsor

Co-sponsor

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