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March 14, 2022
EDCC Public Policy Update - Bill Positions
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SB 22-138 Reduce Greenhouse Gas Reduction in Colorado
Rep. Hansen and Rep. A Valdez

Summary 

The bill includes a number of provisions to reduce greenhouse gas (GHG) emissions in the state. Specifically, the bill: 

  • Establishes GHG reduction goals of 40 percent by 2028 and 75 percent by 2040; 
  • Requires insurance companies and the Public Employees’ Retirement Association to conduct climate-risk assessments on its investment portfolio; 
  • Prohibits the sale of gas-powered small off-road equipment in nonattainment areas starting January 1, 2030;
  • Requires the Department of Public Health and Environment to establish a commercial rebate program to voluntarily purchase electric-powered small, off-road equipment;
  • Creates a state income tax credit for the purchase of new, electric-powered small off-road equipment for tax years 2023 through 2029;
  • Authorizes the Colorado Oil and Gas Conservation Commission to regulate Class VI Injection Wells;
  • Requires the Department of Agriculture to study carbon reduction and sequestration opportunities in the agricultural sector and report recommendations by December 15, 2022;
  • Authorizes the CDA to finance agricultural research on the use of agrivoltaics and their impact on wildlife, and to seek, accept, and expend gifts, grants, and donations for projects; and 
  • Amends the definition of agrivoltaics concerning allowable co-location activities and property tax valuation.
Background
This is a very broad bill that encompasses a variety of policies to lower greenhouse gases, and places burdens on businesses and industries in the state. The bill also places milestones for greenhouse gas reductions that many in various industries find to be unattainable.

Position
Oppose 
SB 22-146 Middle Income Access Program Expansion
Sens. Zenzinger and Hisey, Reps. Snyder and Catlin

Summary 
The bill transfers $25 million to the Department of Local Affairs (DOLA) for expansion of the middle-income access program created and administered by the Colorado Housing and Finance Authority (CHFA). The bill requires the division of housing within DOLA to contract with CHFA for administration of funds transferred.

Background
This bill was a collaborative effort with the Governor’s Office and CHFA during conversations in the interim housing task force committee. The aim of the bill is to help expand rental housing options for the “missing middle” – those with higher incomes, but not high enough to comfortably afford certain housing markets.

Position
Support 
HB 22-1282 Innovative Housing Incentive Program 
Reps. Mullica and Lynch, Sens. Bridges and Woodward

Summary 
The Innovative Housing Incentive Program (IHIP) would allow eligible businesses in the innovative housing industry (e.g., modular manufacturers, kit homes, etc.) to apply for one of two different financial support mechanisms. The Colorado Office of Economic Development & International Trade (OEDIT) will partner with the Department of Local Affairs to administer the program. 
  1. Working Capital Grant & Per-unit Incentive: Participating businesses can receive: 
    • Working capital grant at a min. of $50k ($75k if located in a Just Transition Community);
    • Cash incentives for each unit built and installed in Colorado and based on a variety of factors – affordability primarily but also energy efficiency, resiliency, location of installation etc.
  2. Factory Development Loan: Participating businesses can apply for a loan to fund a privately-owned housing factory that would produce a percentage of affordable housing units. Depending on factory proposals, the loan could be partially forgivable, but portions that are paid back would be put into a revolving loan fund for future business participants.
Background
This bill was developed by OEDIT as a way to support the build out of workforce housing in a more efficient and expediated way using an innovative approach.

Position
Support 
Bills We Are Tracking
For more information, contact Jennifer Cassell, jennifer.cassell@bcpublicaffairs.com, (785) 393-0472

EDCC's Public Policy Committee and Board of Directors, representing EDCC's membership, proactively engages in the Legislative Session each year. The EDCC has adopted three essential pillars which we base our positions on: 

Advocating for a Healthy Business Climate
  • Support a stable, predictable regulatory environment that seeks to identify and eliminate redundancies and inefficiencies.
  • Advocate for appropriate review of need and cost of compliance before repealing, amending, or creating regulations, taxes, or fees.
  • Support legislation that advocates and encourages workforce stability.
Effective, Well-Maintained Infrastructure
  • Encourage innovative ideas that fund all types of transportation and infrastructure related projects to make Colorado a better place to do business.
  • Support statewide efforts in the development of a diverse energy economy to help make Colorado a national leader in energy development which contributes to our robust economy.
  • Ensure access to utilities and broadband for predictable and reliable services to businesses in rural and urban areas.
A Capable, Well-Educated Workforce
  • Support our training partners, community colleges, and universities in their missions to better educate and supply Colorado businesses with a highly educated and competitive workforce.
  • Support initiatives that provide and expand workforce competencies, including career and technical training to students at all levels of the educational system.
  • Support our workforce and small business development partners in their efforts to create and sustain a quality workforce and provide access to meaningful employment for all Coloradoans, which energizes statewide economic vitality.
The Public Policy committee is at the forefront of top state-wide issues related to economic development. To learn how your organization can become more involved, contact Rich Werner, Public Policy Committee Chair.
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