(Feb. 26) – A bill to improve reporting to the Secretary of State to help with economic development and business support in Colorado passed the House Business, Labor & Economic & Workforce Development Committee today by a vote of nine to two.
HB13-1167, sponsored by Reps. Crisanta Duran (D-Denver) and Brittany Pettersen (D-Lakewood), will require the Secretary of State to give business owners the option to report what industry it is in and whether the business is owned by a woman, minority, veteran, or person with a disability. Submission of this information by business owners is voluntary. The SOS is required to make this information available to the public.
“This bill will give us one more tool to look at our economic landscape as a whole” Rep. Pettersen said. “This data will allow us to measure the types of industries that are coming to Colorado and what types of businesses we can do better in attracting to our great state.”
There is currently limited data and many who came to testify, including the President of the Black Chamber of Commerce, said they were surprised this data wasn’t already available. All of this information will be self-reported, optional and published on a database.
“One of the ways chambers of commerce can use this information is to reach out to minorities and women to help with small business development,” Rep. Duran said. “This bill really comes from a variety of perspectives and for a number of reasons. At the end of the day, the data will be helpful to address a variety of different public policy concerns in the state.”
Secretary of State Scott Gessler testified in support of the bill.