Supporting job creation and a healthy economy
Throughout each legislative session the Denver Metro Chamber of Commerce and the Metro Denver EDC advocate for the business community to ensure that Colorado continues to be a great place to do business by testifying on bills, working with legislative leaders, convening diverse groups on issues that impact our state, and negotiating for our positions on key issues.
The Legislature passed several pieces of legislation key to economic development in the 2017 session:
- Efforts to create more affordable housing in Colorado received momentum with the signing of HB 1279, a remedy to current Construction Defects law, requiring that a majority of homeowners vote to proceed with a construction defect claim before a lawsuit is filed.
- SB 267 pulled the hospital provider fee out of the TABOR revenue cap and turned the fee into an enterprise fund, reducing the cap by about $200 million. Also included in the bill is an addition $1.88 billion over 20 years for transportation and $20 million in tax credits in 2019-2020 for companies to offset their business personal property tax.
- HB 1158 grants tax breaks to companies investing heavily in capital-intensive data center equipment.
- SB 17-280 to extend to 2025 the Colorado Economic Development Commission, which was created to promote economic development through various programs and approval of company and project incentives. The bill also provides the EDC's Strategic Fund an $5 million annual allotment.
To support a strong economy and job growth, the Chamber will always consider policy that impacts its pillars: infrastructure, health and wellness, and education. To follow all the Chamber’s policy positions click here.
The Metro Denver EDC also participates on the Economic Development Council of Colorado's Public Policy Committee, which consists of economic developers throughout the state working together to support and advance legislation conducive to a healthy business climate.