U.S. Markets closed

Technology proposal clears 1st CO legislative test

DENVER (AP) -- A proposal to attract more tech companies and their high-paying jobs to Colorado has passed its first test in the state Legislature.

A House committee voted 8-3 Thursday in favor of a bill to spend as much as $20 million a year to lure jobs in conjunction with existing research institutions and federal labs in Colorado.

The measure also reworks an existing tax benefit known as the enterprise zones program.

The bill now goes to another House committee before heading to the full House. Democratic Gov. John Hickenlooper has said the incentive bill is his top priority this session.