Jobs bills approved in House
DENVER—Democrats got a few more of their jobs bills through the Colorado House on Tuesday.
On near party-line votes, the House approved measures designed to help people find jobs, and employers to create them.
The bills include HB1138, which would create benefit corporations.
Such corporations are designed to free their directors from following strict fiduciary duty to their investors, allowing them to consider matters beyond just earning a profit.
Instead, they can consider a duty to whatever cause their articles of incorporation cite that they intend to serve, such as improving the environment, providing inexpensive health care to clients or forwarding other social issues.
The House also approved HB1123 to allow those signed up to receive unemployment insurance to allow the state to forward their names and contact information to prospective employers, and HB1208, which allows the creative industries division of the Colorado Office of Economic Development and International Trade to provide grant money for infrastructure projects.
The Democrats’ other major jobs bills, including one to offer tax credits to encourage more advance sciences companies to locate in the state, have been awaiting approval in the Senate Appropriations Committee pending release of the latest revenue forecast, which came out on Monday.
That forecast, on which the next year’s state spending plan is based, showed that the state is expected to be flush with money, meaning many of the Democratic jobs bills that require state funding are expected to be approved.