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The Colorado Freedom Report--www.FreeColorado.com 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 |