HB11-1147: Joint Opportunities for Business Support (JOBS) Act

• Establishes a technical assistance program through the Colorado Office of Economic Development to contract with entities providing eligible businesses (6-50 employees, $750K-$25M annual revenue) with free or affordable marketing, accounting, legal, information, and business connection services.

• Creates a self-employment assistance program providing grants up to $2,500 to unemployment insurance recipients who establish a business plan and participate in approved self-employment assistance activities including entrepreneurial training and business counseling.

• Reduces enterprise zone income tax credit for qualified property investment from 3% to 2.7% of total qualified investment for tax years beginning January 1, 2012 and later.

• Reduces enterprise zone income tax credit for new business facility employees from $500 to $450 per employee per year for tax years beginning January 1, 2012 and later.

• Creates two dedicated cash funds (Technical Assistance Program and Self-Employment Assistance Program) funded by General Assembly appropriations and private or public gifts, grants, and donations.