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Under the existing Rural Jump Start Grant Program, unique businesses that locate in economically distressed regions of the state can qualify for special sales and income tax breaks.
Under a bill that won approval in the Colorado Senate on Wednesday, new startups that locate in those same areas also can qualify for part of $3 million in special state grants in over the next two years to help them establish operations.
That measure, SB229, links two existing programs â Rural Jump Start and the Just Transition Office â to help create more business opportunities in those areas of the state that need assistance getting started, its supporters say.