Date: 02/21/2012

Final
BILL SUMMARY for HB12-1129

HOUSE COMMITTEE ON ECONOMIC AND BUSINESS DEVELOPMENT

Votes: View--> Action Taken:
Moved to adopt amendment L.001 (Attachment Q). The
Moved to refer House Bill 12-1129 to the Committee		Pass Without Objection
PASS



04:35 PM -- House Bill 12-1129

Representative Tyler, prime sponsor, presented House Bill 12-1129. The bill matches the federal funds provided to Small Business Development Centers with state general funds of up to $300,000 per year, for the next two years. If adequate federal funds are available, then the state funds will be distributed to the Office of Economic Development and International Trade (OEDIT), and then redistributed equitably to the Small Business Development Centers for their expenditure, and used to re-establish centers closed since December 2006. Up to 15 percent of the general funds distributed to OEDIT can be used to increase awareness of the centers. Under this bill, OEDIT must report each year to the legislature describing the disbursements, capital formation, and any jobs created by the bill. The Small Business Development Center program of OEDIT receives approximately $1.5 million in federal funds each year, but may need additional funds in order for this $300,000 to be drawn. Representative Tyler listed some organizations that supports the bill, including the Denver Metro Chamber of Commerce and the National Federation of Independent Businesses.

04:45 PM -- Kelly Manning, representing the Office of Economic Development and International Trade, testified in support of the bill. She explained how Small Business Development Centers work.

04:58 PM

Ms. Manning responded to questions from the committee.

05:06 PM -- Dan Clark, representing himself, testified in support of the bill. He talked about the development of Small Business Development Centers.

05:19 PM -- Patrick Crawford and Charlie Berger, representing the Denver Beer Company that just opened in August, testified in support of the bill. They talked about their use of a Small Business Development Center and the return on investment their company has given the community.

05:22 PM -- Todd Matia, representing Stinky Kid Math, a math tutoring company, testified in support of the bill and talked about his use of a Small Business Development Center to start his business.

05:26 PM -- Lynnea Louison, representing her son, who started a business when he was 6 years old, testified in support of the bill. She talked about her experience creating a business plan for her son's business and her use of Small Business Development Centers.

05:31 PM -- Travis Berry, representing the Colorado Competitive Council and the National Federation of Independent Businesses, testified in support of the bill.

BILL:HB12-1129
TIME: 05:33:16 PM
MOVED:Tyler
MOTION:Moved to adopt amendment L.001 (Attachment Q). The motion passed without objection.
SECONDED:Liston
VOTE
Balmer
Holbert
Miklosi
Priola
Singer
Soper
Swerdfeger
Szabo
Tyler
Williams A.
Wilson
Swalm
Liston
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


120221AttachQ.pdf
BILL:HB12-1129
TIME: 05:35:01 PM
MOVED:Tyler
MOTION:Moved to refer House Bill 12-1129 to the Committee on Appropriations. The motion passed on a vote of 10-3.
SECONDED:Wilson
VOTE
Balmer
No
Holbert
No
Miklosi
Yes
Priola
Yes
Singer
Yes
Soper
Yes
Swerdfeger
Yes
Szabo
Yes
Tyler
Yes
Williams A.
Yes
Wilson
Yes
Swalm
No
Liston
Yes
YES: 10 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS




05:36 PM

The committee adjourned.