Colo. Dems propose more money to fund startups

By: Associated Press Email
By: Associated Press Email

DENVER (AP) -- Democrats in the Colorado house want the state to spend more money to support business startups.

Democrats say they'll propose three grant additions when the Legislature convenes for the year Wednesday. Democrats want to boost funding for the state's 14 Small Business Development
Centers. They also want to add money for a tax credit to encourage investment in startups and to give research universities money for technology research.

House Democratic Leader Mark Ferrandino says the startup proposals would cost between $3 million and $5 million next year. He says the money could come from redirecting money currently spent on enterprise zone credits Democrats say could be outdated.

Republicans who control the House have said they're not ready to endorse revising enterprise zone credits.

(COPYRIGHT 2012 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by rj on Jan 9, 2012 at 11:28 AM
    No, don't encourage business in Colorado. Give it all back to the tight-fisted conservatives. Job creation should never be a priority in this state.
    • reply
      by Nice Try on Jan 9, 2012 at 02:44 PM in reply to rj
      So the only way for government to "encourage" job growth in Colorado is to engage in "crony capitalism" by "giving" tax receipts to businesses that they like? Yup, even an old cowboy like me, thinks that that idea is a load of manure. Reduce the size and scope of government, reduce regulations on businesses.
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 136955188 - nbc11news.com/a?a=136955188
Gray Television, Inc.