Economic Development: Assistance for Rural Communities

Economic Development Assistance for Rural Communities SB 18-005 Neutral S. 2nd Reading Sen. Kerry Donovan, D-Vail; Rep. Dylan Roberts, D-Eagle Morgan Cullen mcullen@cml.org SB 18-005 authorizes the executive director of the Department of Local Affairs (DOLA) to coordinate nonmonetary resources to assist with job retention or creation in rural communities experiencing a significant economic event, such as a plant closure or layoffs. The bill initially authorized $500K per year for three years to support these local governments. Unfortunately, the money for this legislation was stripped out of the bill during a hearing at the Senate State Affairs Committee. Since the bill no longer provides any resources to local governments and directs the Director of DOLA to perform activities the department is already conducting, CML has withdrawn its support for the legislation. CML will support the legislation if funding is put back in the bill.