The Colorado BioScience Association (CBSA) applauds the signing of The Colorado Advanced Industries Acceleration Act (HB 1001) by Gov. John Hickenlooper today at the University of Northern Colorado in Greeley. The announcement is made by CBSA President and CEO April Giles who explains the bill was the first of the session in January 2013 (see photo), sponsored by Senator Rollie Heath (D-Boulder) and President-designate John Morse (D-Colorado Springs).
“We need to build on areas in which we excel. Colorado is poised to grow in high-tech sectors. Our businesses, schools, and labs are already on the global forefront of technology. Investing in them is smart for our overall economy,” Senator Heath said about the legislation.
The Advanced Industries Acceleration Act is designed to grow all the high-tech sectors in Colorado including:
* Advanced manufacturing
* Energy and natural resources
* Information technology
This bipartisan legislation creates the Advanced Industries Acceleration Grant program in the Colorado Office of Economic Development and International Trade. Colorado-based advanced-industry sectors would be eligible for proof-of-concept grants, capped at $150,000; early stage capital and retention grants, capped at $250,000, and infrastructure grants, capped at $500,000. This economic-development grant program builds upon the Bioscience Discovery Evaluation Grant Program (BDEGP) created in 2006 by the Colorado General Assembly to grow the bioscience industry in the state.
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