State

Jan 7, 2013 12:54 PM by Kirsten Bennett

CO lawmakers pitch grants for high-tech industries

DENVER (AP) - A $20 million plan to attract more high-tech industries to Colorado will be the first House bill of this year's session.

The legislation being unveiled Monday is aimed at growing the state's advanced industries, which include bioscience, aerospace, electronics and information technology. The grants would range from $150,000 for research and development to $500,000 for infrastructure funding.

Gov. John Hickenlooper's Office of Economic Development and International Trade would manage the grant program.

Incoming Democratic House Speaker Mark Ferrandino called the proposal a "strategic investment in economic development."

Supporters of the bill say they want to take advantage of the research institutions and federal labs in Colorado to spur collaboration with private-sector funders.

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