2012 Tech Transfer
Bill # Short TitleSponsorsBill SummaryMost Recent StatusCalendar NotificationNews Links
HB12-1044Start-up Colo Technology Transfer Grant Program FERRANDINO The bill establishes the start-up Colorado technology transfer grant program (program). The purpose of the program is provide grants of up to $750,000 to offices of technology transfer to help further the commercialization of technology projects and discoveries in Colorado, which will, in turn, lead to the creation of Colorado jobs. The start-up Colorado technology transfer cash fund, not to exceed $5 million, is also created. The program is repealed, effective July 1, 2015. 04/17/2012 House Committee on Appropriations Postpone Indefinitely
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HB12-1112State Economic Impact As Procurement Factor RYDEN The bill creates the economic impact rating system advisory board (advisory board) in the office of economic development (office). The board consists of 11 voting members with specific qualifications appointed by the governor and 5 ex officio nonvoting members. The advisory board is charged with analyzing the feasibility of establishing an economic impact rating system (system), which measures a company's economic impact in the state. The advisory board is required to annually report to legislative committees on the status of the system. If the system is feasible, the advisory board will assist the office in the development of the system. The system must be designed to allow a company to input information about its operations and connections to the state, and the information will be used to generate a state economic impact rating. To the extent possible, the office is required to design the system so that a company may access it on-line. The office is required to notify the executive director of the department of personnel when an operational system has been developed. Once the system is operational, the state economic impact rating is to be used for proposals solicited through a request for proposals. A state purchasing director or the head of the purchasing agency is required to use the state economic impact rating as an evaluation factor in determining which offeror's proposal is most advantageous to the state. An offeror that responds to a request for proposals is not required to submit its state economic impact rating. The only source of funding for the system is from the newly created economic impact rating system cash fund, which consists of gifts, grants, or donations. Moneys in the fund are continuously appropriated to the office for the system. 02/15/2012 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
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HB12-1129Moneys For Small Business Development Centers TYLER / JAHN For the 2012-13 and 2013-14 state fiscal years, the bill requires the general assembly to appropriate moneys, in amounts to match federal funds but not to exceed $300,000 each year, to the Colorado office of economic development (office). The state director of small business development centers (SBDCs) in the office may expend up to 15% of the appropriated moneys to increase awareness of SBDCs and shall equitably distribute the remainder to SBDCs across the state and, where possible, to reestablish SBDCs that have closed since January 1, 2007. The office is required to report to the general assembly regarding the disbursement and the measurable results of the use of those moneys. 04/17/2012 House Committee on Appropriations Postpone Indefinitely
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HB12-1132Creative District Tax Incentives MIKLOSI / WILLIAMS S. Section 2 of the bill:
* Defines a creative business activity as an activity that generates income for the person conducting it and that the creative industries division of the Colorado office of economic development (division) determines involves the design, creation, production, sale, exhibition, or performance of artistic, literary, musical, architectural, design, or other creative work product or otherwise directly relates to such work product; and
* For income tax years commencing on or after January 1, 2013, but before January 1, 2018, allows a person who earns income from engaging in creative business activities within a creative district certified by the division to claim a 50% income tax credit against the income tax liability attributable to income derived from the activities. Section 3 of the bill reduces the rate of sales tax imposed on sales made within a creative district on and after January 1, 2013, but before January 1, 2018, from 2.9% to 1.45%; except that, for a creative district certified on or after November 1, 2012, the reduced rate does not apply until the first day of the third month following the month of certification. 
02/22/2012 House Committee on Finance Postpone Indefinitely
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HB12-1154Regional Economic Development Through Partnerships CORAM / JAHN The bill tasks the Colorado office of economic development (office) with fostering a regional approach to economic development. A region is defined as a state planning and management region utilized by the department of local affairs. Currently, there are 14 such regions in the state. The office must create a new, or assist in expanding an existing, regional development partnership (partnership) in each region. A partnership consists of representatives of the region's businesses and industries, economic and workforce development entities, educational institutions, nonprofit organizations, local governmental bodies, and federal, tribal, and state regulatory authorities. The bill designates regional economic development partnership boards (partnership boards) as the entities that will develop 3-year regional economic development plans, work with partnerships to implement the plans, and provide annual progress reports regarding such implementation to the newly created state regional economic development council (council). The council, which consists of one representative from each partnership and the regional development director of the office, meets periodically with the office and the Colorado economic development commission and annually reports to the governor regarding the progress reports. 04/20/2012 House Committee on Appropriations Postpone Indefinitely
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HB12-1308Funding For Economic Development Programs SINGER The bill directs the general assembly to appropriate additional moneys for economic development programs administered by the Colorado office of economic development (office). Specifically, the bill creates the economic stability cash fund (fund) that the office may use to help fund economic development programs during times of economic downturn. Beginning in the 2014-15 fiscal year, the general assembly is required to make an annual appropriation to the fund, subject to available appropriations. In addition, beginning in the 2014-15 fiscal year, the general assembly is required to make an annual appropriation to the office, subject to available appropriations, for the purpose of funding economic development programs that are administered by the office. The moneys appropriated to the fund and to the office are to supplement, rather than supplant, any other appropriations that the general assembly makes for economic development programs for the applicable fiscal years. 03/07/2012 House Committee on Finance Postpone Indefinitely
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HB12-1315Reorganization Of Governor's Energy Office BECKER / STEADMAN The bill changes the name of the governor's energy office to the Colorado office of energy development (office). As part of the reorganization of the office, the bill changes the mission of the office to:
* Promoting all Colorado energy;
* Promoting economic development in Colorado through energy-market advances that create jobs;
* Encouraging Colorado-based clean and innovative energy solutions that include traditional and renewable energy sources;
* Increasing energy security;
* Lowering long-term consumer costs; and
* Protecting the environment. The bill aligns the duties of the office with the new mission of the office. The bill requires the office to obtain legislative approval prior to changing office policies related to its strategic plan, the definition of "renewable energy", energy transmission, or any policy that could negatively impact the use of traditional energy sources. The bill creates the renewable energy fund and specifies that the fund be used by the office to work with communities, utilities, private and public organizations, and individuals to promote:
* The renewable energy standard;
* Renewable energy such as wind, solar, biomass, hydroelectricity, thermal gasification, and geothermal;
* Energy efficiency technologies;
* Cleaner technologies by utilizing traditional Colorado-sourced energy; and
* New energy technologies. The bill changes the name of the clean energy fund to the innovative energy fund, aligns the purposes of that fund with the new mission of the office, limits the expenditures from the fund for those projects related to the severance of minerals subject to taxation under state law, and transfers moneys to the innovative energy fund from the perpetual base account of the severance tax trust fund. The bill repeals:
* The wind for schools grant program;
* The Colorado clean energy development authority; and
* The green truck grant program. The bill ends the office's role as a consultant to the reenergize Colorado program and the geothermal resource leasing fund. The bill changes the name of the clean energy improvement debt reserve fund to the energy improvement debt reserve fund and includes improvements to the efficiency of traditional energy fixtures as part of the definition of "renewable energy improvement" for purposes of local improvement districts. The bill ends the authority of the office to use up to 5% of the moneys in the Colorado office of energy development low-income energy assistance fund for planning, overseeing, and evaluating the program to improve the energy efficiency of low-income households. Finally, the bill terminates the office on July 1, 2018, unless extended through the sunset review process. 
05/24/2012 Governor Action - Signed
NOT ON CALENDARRelease: Becker’s laws benefiting energy development and rural Colorado to go in effect
Hickenlooper signs bills for OEDIT, revamped state office
Expansion Of Colorado Energy Office Becomes Law
Colorado Legislature busy on business bills as regular session ends
SB12-058Venture Capital Advisory Board HEATH The bill establishes the venture capital advisory board. The advisory board is required to create a report regarding venture capital investment in the state, provide the report to the general assembly, and present the report to the economic and business development committee of the house of representatives and the business, labor, and technology committee of the senate. A copy of the report will be available on the web site maintained by the Colorado economic development commission. 03/13/2012 House Committee on Economic and Business Development Postpone Indefinitely
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SB12-143Local Business Database Ofc Economic Development CARROLL / PABON The bill directs the Colorado office of economic development (office) to create, by 2014, an electronic database of local businesses in Colorado. Such businesses are included in the database upon a business submitting certain information about the business, certifying that the business is a local business, and filing a fee with the office. A person may access the database free of charge. 03/28/2012 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
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SB12-144Ofc Econ Dev Strategy Grow & Retain Key Industries HEATH / SUMMERS The bill directs the Colorado office of economic development (office) to develop a strategy to grow key industries located in the state. In creating the strategy, the office will facilitate the creation of, and collaborate with, a key industry network working group (working group), comprised of various stakeholders, for each of Colorado's key industries. A working group is tasked with developing and implementing a 3-year business plan to grow its key industry, which business plan will be incorporated into the office's key industries strategy. The office must annually report its progress to the general assembly. 05/04/2012 House Committee on Appropriations Postpone Indefinitely
NOT ON CALENDARColorado House, Senate pass business-related measures