Budgets for Colorado's "Economic Development Programs"

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Budgets for Colorado's "Economic Development Programs"

by Ari Armstrong, October 1, 2005

Some controversy has arisen regarding the sources of funding for "economic development" (sic) programs in Colorado, about which I have written. The purpose of this document is simple: to list the various programs listed under "Economic Development Programs" in the Colorado budget, along with money allocated in recent years. The programs are listed in the section for "Governor -- Lieutenant Governor -- State Planning and Budgeting." The information is taken from the annual budgets. (If I subsequently discover some subtlety in the funding not covered by the budget documents, I'll write a follow-up and link to it here.)

From 2001-2005, the legislature allocated $71,413,750 for "Economic Development Programs." Of that amount, $63,948,791 came from general funds, the portion of the budget most under legislative control and tied to state taxes.

2005: Total budget: $13,338,626. General-fund portion: $11,759,450. Please note that the dollar amounts listed below come from the general fund only; for some categories additional funds come from cash funds, cash funds exempt, and federal funds. The only category that shows federal funds is "Small Business Development Centers," in the amount of $1,199,212.

Administration $380,984

Vehicle Lease Payments $5,582

Leased Space $231,540

Business Development $800,994

Grand Junction Satellite Office $61,912

Minority Business Office $110,835

Leading Edge Program Grants $50,976

Small Business Development Centers $63,273

International Trade Office $606,094

Colorado Promotion -- Colorado Welcome Centers $393,660

Colorado Promotion -- Other Program Costs $5,368,783

Economic Development Commission -- General Incentives and Marketing $959,795

Colorado First Customized Job Training $2,725,022

CAPCO Administration $0

Indirect Cost Assessment $0

2004: Total budget: $13,300,443. General-fund portion: $11,733,519. Please note that the dollar amounts listed below come from the general fund only; for some categories additional funds come from cash funds, cash funds exempt, and federal funds.

Administration $386,502

Vehicle Lease Payments $3,762

Leased Space $231,540

Business Development $787,196

Grand Junction Satellite Office $60,353

Minority Business Office $107,843

Leading Edge Program Grants $50,976

Small Business Development Centers $61,854

International Trade Office $598,034

Colorado Promotion -- Colorado Welcome Centers $389,958

Colorado Promotion -- Other Program Costs $5,373,810

Economic Development Commission -- General Incentives and Marketing $956,669

Colorado First Customized Job Training $2,725,022

Indirect Cost Assessment 0

2003: Total budget: $10,744,083. General-fund portion: $9,322,921. Please note that the dollar amounts listed below come from the general fund only; for some categories additional funds come from cash funds, cash funds exempt, and federal funds.

Administration $372,635

Vehicle Lease Payments $11,480

Leased Space $231,540

Business Development $788,355

Grand Junction Satellite Office $60,467

Minority Business Office $108,050

Leading Edge Program Grants $50,976

Small Business Development Centers $62,158

International Trade Office $690,303

Colorado Promotion -- Colorado Welcome Centers $390,860

Colorado Promotion -- Other Program Costs $2,874,129

Economic Development Commission -- General Incentives and Marketing $956,946

Colorado First Customized Job Training $2,725,022

CAPCO Administration $0

2002: Total budget: $17,022,263. General-fund portion: $15,539,548. Please note that the dollar amounts listed below come from the general fund only; for some categories additional funds come from cash funds, cash funds exempt, and federal funds. For 2002, the budget bill -- HB02-1420 -- shows federal funds for two categories. "Small Business Assistance" is shown getting $35,012 in federal funds, and "Small Business Development Centers" is shown getting $1,043,152 in federal funds.

Administration $367,751

Vehicle Lease Payments $12,240

Leased Space $231,540

Business Development $874,932

Grand Junction Satellite Office $67,219

Minority Business Office $178,433

Small Business Assistance $284,740

Leading Edge Program Grants $63,923

Small Business Development Centers $63,040

International Trade Office $905,474

Agricultural Marketing $668,591

Motion Picture and Television Commission Program Costs $329,110

Colorado Promotion -- Colorado Welcome Centers $404,011

Colorado Promotion -- Other Program Costs $5,598,051

Production and Distribution of State Highway Maps $90,000

Economic Development Commission -- General Incentives and Marketing $1,184,459

Colorado First Customized Job Training $3,102,066

Existing Industry Training $1,113,968

2001: Total budget: $17,008,335. General-fund portion: $15,593,353. Please note that the dollar amounts listed below come from the general fund only; for some categories additional funds come from cash funds, cash funds exempt, and federal funds.

Administration $347,886

Vehicle Lease Payments $11,655

Leased Space $231,540

Business Development $850,305

Grand Junction Satellite Office $63,252

Minority Business Office $192,930

Small Business Assistance $280,615

Leading Edge Program Grants $64,569

Small Business Development Centers $60,173

International Trade Office $910,109

Agricultural Marketing $675,344

Motion Picture and Television Commission Program Costs $357,783

Colorado Promotion -- Colorado Welcome Centers $399,555

Colorado Promotion -- Other Program Costs $5,600,000

Production and Distribution of State Highway Maps $100,000

Economic Development Commission -- General Incentives and Marketing $1,189,017

Colorado First Customized Job Training $3,133,400

Existing Industry Training $1,125,220

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