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Bill targets Colorado startups for state grants

"It will help make the state more competitive in world markets," Gov. John Hickenlooper said at a news conference Monday morning.

The Colorado legislature will consider a new set of economic-development incentives for startups in the first bill of the upcoming session.

The Advanced Industries Accelerator Act, which has bipartisan support, would allow the state to channel funds directly to early-stage companies commercializing new technologies and concepts.

Such firms typically lack the profits necessary to allow them to take advantage of the tax credits that dominate the state’s current menu of incentives.

By Aldo Svaldi
The Denver Post

Full Story: http://www.denverpost.com/breakingnews/ci_22326233/bill-targets-colorado-startups-state-grants

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