Colorado gov signs cleantech investment bill

June 5, 2011 |

In Colorado, Gov. John Hickenlooper signed SB 47, which will transfer an expected $2 million in income tax from the cleantech and bioscience industries to the Clean Technology Discovery Evaluation Grant Program.

The money is to be used as seed money for start-up companies and inventions.

Senator Rollie Heath, D-Boulder, the Bill’s sponsor, stated when the bill was passed, “SB-47 will provide $2 million/year of funding for the Clean Technology Discovery Evaluation Grant program which provides matching grants to Colorado’s universities for market assessments of their clean technologies, to companies commercializing university clean technologies and to initiatives that serve to build the infrastructure that moves university technologies into the marketplace.”

http://coloradocleantech.com/documents/CCIA_Thanks_Colorado_General_Assembly_SB47.pdf

Category: Policy

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