HB 12-1133 Summary

• Creates an economic gardening pilot program within the Colorado Office of Economic Development to provide management and technical assistance to eligible small and mid-sized businesses with growth potential.

• Eligible businesses must be for-profit, privately held companies with 6-50 full-time employees, at least 2 years in Colorado, and $750,000-$25 million in annual gross revenues.

• Program limited to 49 participating businesses total (7 per region) across 7 economic gardening regions matching congressional district boundaries, with equal allocation per region.

• Participating companies receive free or low-cost assistance including market research, database services, geographic information systems, business connections, and mentoring from contracted regional administrators.

• Pilot program terminates September 1, 2020; annual reporting requirement to legislature expires February 1, 2022; entire statute repealed effective September 1, 2022.