On April 15, 2016 Governor Hickenlooper signed into law Colorado House Bill 16-1011. This law modifies Colorado Revised Statutes, 32-1-1004. It removes language that limited economic development activities of metropolitan districts unless the valuation of commercial property in the district exceeded $1,250,000,000. With the removal of this language, Pueblo West and other Colorado special districts are now able to engage in economic development activities that include business recruitment, increased marketing efforts, and efforts to expand economic growth.
This new law will have an important impact on this community’s ability to attract business and grow the local economy. Due to a lack of local retail establishments, Pueblo West residents currently spend an estimated $122,153,000 per year outside of our community. With the governor’s signature today, the District is able to begin efforts that lead to more local jobs and to this money being spent in our community.
The Metropolitan District welcomes the passage of this bill and the possibilities it provides for the future of Pueblo West. We would like to thank Governor Hickenlooper, the Southern Colorado Legislative Delegation and the Colorado General Assembly for their rapid action on this important issue.
For further information contact:
District Manager, Pueblo West Metropolitan District
109 E. Industrial Blvd
PO Box 7005
Pueblo West, CO 81007