The Colorado Economic Development Commission earmarked $500,000 from the state’s strategic fund on Thursday to pay for a new state initiative to promote employee-ownership. The Employee Ownership Program is a top priority for Gov. Jared Polis, who signed an executive order last week to create the Commission on Employee Ownership. The group of 10 advisers should come together in the next month, said John Kovacs, who is heading up the program for the state. Among those serving on a “kitchen cabinet” until a more formal commission forms are representatives from Colorado Small Business Development Center, the Rocky Mountain Employee Ownership Center, the Rocky Mountain Farmers Union, and the Interfaith Alliance. Of the total approved, $5,000 will be made available for startup costs, with a request for a much bigger allocation to follow as the scope of the program becomes more defined, said Jeff Kraft, director of business funding and incentives at the Colorado Office of Economic Development. “This is just a floor request, a preliminary stake in the ground,” Kraft said.
Employee-owned Businesses Receive Boost From Colorado Commission
Aldo Svaldi, Denver Post: Politics
Thu, 04/18/2019 - 3:33pm
Topics: colorado economic the employee commission john kovacs colorado small business rocky mountain farmers union interfaith alliance jeff kraft colorado office this thursday s edc colorado housing finance small boomer halisi vinson related articles but vinson economic development employee ownership gov jared polis kovacs kovacs small rocky mountain employee kraft vinson state program percent center fund workers number defaulted executive costs cut strategic request director companies limited million money members
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