The Colorado Legislature was all in when it came to passing bills designed to boost the stateâs economy by helping create and grow small businesses.
A major measure with that in mind, which Gov. Jared Polis signed into law last week, creates a new Colorado Startup Loan Program within the Office of Economic Development and International Trade.
Thatâs a $30 million effort to provide low-interest loans and grants to start-up companies over at least the next couple of years.
âThe startup loan program we created will ensure that Coloradoâs entrepreneurs have the access to financial products they need to get businesses off the ground, grow sustainably or restructure their existing business,â said Rep. Jennifer Bacon, D-Denver, one of the sponsors of House Bill 1288. âThis program will prioritize entrepreneurs who have faced historic and systemic barriers to accessing capital.â
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