New Legislation Boosts Cleantech Funding
The law aims to create jobs in clean technology and bioscience by financing grants to support the industry in Colorado.
Governor Hickenlooper yesterday signed Senate Bill 47, which will place tax revenue from growth in the cleantech industry into an economic development investment fund. It’s designed to provide grants to companies in renewable energy, electric motors, lighting and related areas.
State Sen. Rollie Hearth, the sponsor of the bill, pointed out that Colorado ranks fourth nationally in the percentage of jobs in the clean technology sector with more than 300 companies. He says the program will help the state stay competitive.
State officials estimate that $2 million will be transferred to the Clean Technology Discovery Evaluation Grant Program.
Staff-Reported
Filed Under: ARCHIVES • Cleantech
Tags: clean technology • Colorado Cleantech Industry Association • Governor Hickenlooper
Oil/Gas Industry: Trust us! We care, we really do. The rest of the us: No! 
Thanks for the info Fred! 
I think its a 10% mandate not 5%. 
To see this exciting change as "scary" seems incredibly short-sited to me. Between the increasing power demands caused by ...
Thanks for highlighting all the great work the Northern Colorado Chapter of CRES is doing. One small but important correction--the ...