Rep. Pete Lee, D-Colorado Springs, sponsored the only bill to be introduced in the Colo. General Assembly yesterday.
According to Lee’s website, HB11-1266 would “encourage investment in Colorado’s small businesses by creating an enterprise connecting investors to businesses.”
The bill seeks to accomplish this by creating an authority to engage in research and development, education, promotion, and advocacy activities relative to small business capital. The authority is directed to raise $50 million annually for a state fund for expenses and seed capital for small businesses.
The bill has been assigned to the Economic and Business Development Committee.
Check out a quick-hit summary of the bill here.
The full text can be found here.