(4.5) An economic development organization intending to participate in the rural jump-start zone program must be approved by the commission as established in the commission's guidelines.
(I) Either the identification of:
(II) Identification of the new business and documentation indicating that requirements for the new business have been met, including an estimate of the number of new hires that the new business anticipates it will hire;
(III) Satisfactory documentation that there exists a relationship between the new business and the state institution of higher education or between the new business and the economic development organization. Such documentation must show that:
(A) The relationship will result in positive benefits to the community and the local economy; and
(B) The mission and activities of the new business align with or further either the academic mission of the state institution of higher education or the mission of the economic development organization.
Source: L. 2015: Entire article added, (SB 15-282), ch. 186, p. 610, § 1, effective May 13. L. 2020: IP(1)(a), (1)(a)(III), (4), (5), IP(6)(a), (6)(a)(I), IP(6)(a)(III), (6)(a)(III)(B), IP(6)(b), (6)(b)(I), (7)(a), (7)(b)(I), (7)(b)(II), and (9) amended and (4.5) added, (HB 20-1003), ch. 234, p. 1131, § 3, effective September 14. L. 2021: (1)(a)(I), (1)(a)(II), and (1)(b) amended and (7)(c) and (7)(d) added, (SB 21-229), ch. 236, p. 1240, § 3, effective June 15.
Cross references: For the legislative declaration in SB 21-229, see section 1 of chapter 236, Session Laws of Colorado 2021.
Structure Colorado Code
Article 30.5 - Rural Jump-Start Zone Act
§ 39-30.5-102. Legislative Declaration
§ 39-30.5-103. Definitions. as Used in This Article 30.5, Unless the Context Otherwise Requires:
§ 39-30.5-104. Rural Jump-Start Zone Program Requirements - Commission - Guidelines - Definitions
§ 39-30.5-105. Rural Jump-Start Zone Program Benefits
§ 39-30.5-106. Rural Jump-Start Zone - Local Government Requirements