Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Colorado. It’s critical that state lawmakers enact policies to support and empower these entrepreneurs, guaranteeing they have access to capital to start and grow their business, affordable and quality healthcare and benefit programs that will make it easier for them to attract and retain talented employees.
Colorado Small Business Owner Highlight
Steve Katsaros has always been an innovator. He began inventing products for the ski industry in his late teens, and went on to earn a Bachelor of Science in Mechanical Engineering (BSME) from Purdue University so he could follow his dream of creating new technologies to improve the world. In the early 2000s, Katsaros came up with his first big invention: the RevoPower, an efficient motorized wheel designed to travel up to 20 miles per hour at over 100 miles per gallon.
Colorado Director Hunter Railey testifed in support of HB19-188 or the Family Medical Leave Insurance Program (FAMLI) Act, which would create a study to assess the feasibility and necessary steps to implement a paid family and medical leave program in Colorado. This study will be crucial in setting up future legislation in the state legislature to create such a plan.
Colorado Director Hunter Railey testifies in support of SB19-173, which would establish the Colorado Secure Savings Plan Board to study the feasibility of a program that allows private-sector employees to contribute to an individual retirement savings account through modest payroll deductions. Such a plan would help small business owners offer retirement savings benefits at no added cost to their business.
Colorado Director Hunter Railey testifies in support of HB19-1168, which authorizes Colorado to seek a state innovation waiver from the U.S.
The Colorado state legislature is considering a bill that would make Colorado the seventh state in the country to establish a program guaranteeing access to paid leave to care for a newborn child or a sick family member. Small business owners and their employees are particularly affected by the current lack of access to paid family leave as many small businesses can’t afford to offer robust benefits, putting them at a disadvantage with their larger counterparts.
On December 15, Small Business Majority released a new scientific opinion poll that found a majority of Colorado small businesses believe business owners should not be allowed to deny services to LGBT individuals based on the owner’s religious beliefs, including for wedding-related services.
Colorado small business owners soundly reject efforts to increase the interest rates lenders can charge on certain consumer loans, and the results of a new Small Business Majority poll of state small business owners strongly suggest state legislators who support such increases would pay the price at the election booth. According to the scientific poll, an overwhelming 90% oppose allowing lenders to increase the interest they can charge on a $3,000 consumer loan from 28% a year to 30% a year and allow increases based on inflation for each subsequent year.
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