Call to Action
1 Maintain a Supportive Tax and Regulatory Climate that Encourages Economic Development:
The implementation of the Single Sales Factor income tax apportionment, as well as additional tax incentives offered, has made Colorado a top contender for bioscience companies. It is important to retain Colorado’s friendly tax and regulatory environment and remain competitive to grow the bioscience industry in the state.
2 Create a Sustainable Funding Program by Establishing a Venture Capital Fund:
Colorado needs to establish a funding program to grow emerging companies within the state and to encourage additional investments within Colorado.
3 Support ongoing Initiatives at Colorado Research Institutions and Develop Partnerships between Public Institutions and Private Companies:
Through the infrastructure grants provided within the BDEGP, the state’s research institutions have created new resource programs that assist emerging bioscience companies in bringing their new technologies to commercialization. The CBSA encourages the state to maintain and grow these programs and support the public institutions in developing more partnerships with the private sector.
4 Maintain Current Initiatives at Colorado’s Higher Education Facilities and Promote Increased Funding:
CBSA supports the efforts of the Department of Higher Education and promotes the ability for Coloradans to access high-quality and affordable education. In order for the state to remain competitive in any facet, it’s imperative to develop a highly educated workforce which stems from the support provided to our institutes of higher education. The CBSA encourages the state to preserve the current activities within our higher education institutes and supports an increase in their budget.
5 Encourage Science Technology Engineering and Mathematics (STEM) Education in K-12:
The United States as a whole has seen a steady decline in mathematics and science education. This has become a national crisis and one that Colorado needs to address. The CBSA supports efforts to enhance math and science education and encourages the development of educational and internship programs.
