Bipartisan Laws to Save Coloradans Money Go Into Effect
DENVER, CO - On August 7, two bipartisan bills will go into effect to extend funding to the Opportunity Now Colorado grant program and create more affordable child care opportunities.
“Opportunity Now grants have fostered transformative changes for Colorado’s workforce, encouraged job growth and supported rural and mountain communities like mine in Northwestern Colorado,” said Rep. Meghan Lukens, D-Steamboat Springs. “This bipartisan law outlines the final round of funding for the grant program and has an important focus on the construction and building trades. We’re working hard to meet our workforce needs and that begins with helping Coloradans secure good-paying jobs in growing industries.”
“Opportunity is a core Colorado value, and every Coloradan should have the opportunity to earn a good life," said Senator Jeff Bridges, D-Arapahoe County. "That opportunity often starts with a good education, one that's aligned with good-paying jobs in a person's community. Making sure what schools teach matches what businesses need is exactly what the Opportunity Now grant does, leading to better wages for workers, a well-trained workforce for our employers, and a stronger Colorado economy for everyone."
HB24-1365, also sponsored by Representative Matt Soper, R-Delta, and Senator Perry Will, R-New Castle, supports the fourth and final round of the successful Opportunity Now Colorado grant. The goal of this law is to connect more Coloradans with in-demand, high-wage careers, specifically in the construction, infrastructure and building trades.
This law also establishes the Regional Talent Summit Grant Program, which helps Coloradans find in-demand careers in their communities. It also introduces a workforce shortage tax credit to help with facility and equipment upgrades needed for training in new, emerging fields, leveraging federal investments outlined in the Infrastructure Investment and Jobs Act, CHIPS and Science Act and others.
The Opportunity Now grant program has awarded $27 million to 46 grantees representing 145 businesses and 78 education partners in 38 different industries.
“Increasing affordable child care options will save Colorado families money and make it easier for new families to return to the workforce and support our thriving economies,” continued Rep. Lukens. “This bipartisan legislation will make it easier to build new child care facilities and find safe ways to reuse existing spaces to boost child care options for Colorado families.”
“I’m proud that our bipartisan legislation to increase affordable child care options is going into effect,” said Senator Janice Marchman, D-Loveland. “Quality, affordable child care is essential to support Colorado’s workforce, and by providing funding to develop new and convert existing spaces into childcare centers, we can offer more options to Colorado families.”
HB24-1237, also sponsored by Representative Mary Bradfield, R-Colorado Springs, and Senator Janice Rich, R-Grand Junction, will help reduce costs for developing child care facilities by providing technical planning, building, construction, and development support to increase child care providers.
Specifically, this legislation creates the framework to provide planning and capital grants and technical support for local governments, institutions of higher education, public schools, employers, private partners, and builders, to support the development of licensed child care facilities and providers.