I hope you are all enjoying summer in Colorado. While the state legislature is not in session there are a number of developments impacting cleantech in Washington DC and some key deadlines for several Advanced Industry state incentives CCIA has worked hard to put into place and also to preserve year after year.
Federal Coal Bailout Update
Our federal partner the
Advanced Energy Economy
, along with a diverse group of energy advocates, has recently released a study by the Brattle Group showing how much the aging coal and nuclear power plant bailout would cost. While there are a variety of scenarios about how it could all play out, the cost is in the tens of billions of dollars. This bailout would distort utility markets, harm ratepayers, businesses and undermine the ability of innovative energy technologies to complete.
to view this important study.
Cleantech Business Incentives
Our policy team has worked hard to help create these programs and every year guards them through the budget process so please look and see if they can assist your company.
Check below to see if your company could benefit from some of these important programs. Some of these incentives run on a first-come-first-serve basis, are capped at a set amount per year and are open to several different innovative business sectors so utilize them while you can. Other programs like the Advanced Industries Accelerator grant program have revolving deadline dates throughout the year (like Sept. 7 for early stage and proof-of-concept grants).
Advanced Industries Investor Tax Credit
– Incentivizes Colorado investors to invest in Colorado companies. This program is first-come-first-serve and capped annually each calendar year at $750,000.