DENVER – The legislatures Joint Select Committee on Job Creation and Economic Growth met for the last time today to announce a package of two dozen jobs bills. The Jobs Creation Package focused on the areas of:
- Strengthening small businesses with tax incentives and credit
- Improving transportation and communication infrastructure
- Expanding the “New Energy Economy” with green and clean-tech jobs
- Stimulating job growth in rural communities
“I’m so proud of our bipartisan work on this Committee,â” said Co-Chair Rep. Joe Rice (D-Littleton). “We took up President Obama’s challenge to put aside political games and create a long-term plan to build and sustain good jobs. This extensive Job Creation Package offers common-sense solutions to get shovels in the ground, credit in the hands of small businesses and clean technologies to market. I can describe these two dozen bills with my favorite four-letter word: jobs.”
“The Joint Select Committee has been essential in the introduction of important job creation and economic development bills this session after listening to the advice of the business community,” said Co-Chair Senator Gail Schwartz (D-Snowmass). “These bills promote the growth of small businesses, grow Colorado’s new energy programs, and build the infrastructure of our schools, highways, and broadband groundwork. The committee has been deliberating since November 2008 along with the help of a group for the business advisors to come up with legislation that will put thousands of people to work. In this current economy these bills cannot come at a better time. I am proud of the hard work by the Joint Select Committee on Job Creation and Economic Growth and would like to thank everyone who consulted, advised, and helps to make these bills happen.”
Below is a summary of legislation:
1. Create Thousands of Jobs Repairing Our Crumbling Roads and Bridges
- SB 09-108 – FASTER: Funding Advancements for Surface Transportation and Economic Recovery
2. Offer Tax Incentives to Companies that Create Jobs
- HB 09-1001 – Income Tax Credit for Colorado Job Growth
- HB 09-1105 – Colorado Innovation Investment Tax Credit Act
- HB 09-1212 – Income tax credit for newly built homes
- SB 09-085 – Phase-out of business personal property tax
- HB 09-1035 – Tax refund for CO-based technology companies
- draft 0622 – Include commercial vehicles in enterprise zone
- SB 09-232 – Local gov’t financing w/severance tax cash funds
3. Help Small Businesses Create Jobs
- SB 09-067 – Colorado Credit Reserve program to expand credit for small businesses
- SB 09-233 – Tax credit for some home businesses
- SB 09-178 – Unemployment insurance for unemployed individuals available to small business
- draft 0542 – Concurrent enrollment opportunities for technical education providers
4. Expand New Energy and Clean Technology Jobs
- HB 09-1126 – Encourage solar thermal installations
- HB 09-1149 – Encourage new homes to use solar energy
- SB 09-031 – Clean Technology Discovery Grant Program
- SB 09-171 – New energy economy training programs
- draft – Residential energy improvement loan program
- draft – Update Clean Energy Development Authority
- draft – Expand solar hot water rebate program
- SB 09-238 – Government treatment of solar device permits
5. Create Rural Jobs
- SB 09-234 – Create a state-wide enterprise zone
- draft 0764 – BEST (Building Excellent Schools Today) improvement
- SB 09-162 – Inventory of broadband service areas
- draft 0801 – Transmission infrastructure planning
- HB 09-1275 – EMT Provisional Certification
- Amend HB 1272 – Expand Colorado First workforce training community colleges