Weekly Policy Update: Colorado BioScience Association’s Annual Day at the Capitol
By: Colorado BioScience Association Date: 02/18/2022
During our annual Day at the Capitol event, members heard about CBSA’s state advocacy efforts and the issues impacting Colorado’s life sciences ecosystem this legislative session. Lieutenant Governor Dianne Primavera delivered keynote remarks and our national partners at BIO and AdvaMed provided federal advocacy updates.
Members also had the opportunity to hear directly from our elected officials on the importance of Colorado’s life sciences community to the state, along their legislative priorities this session. We were fortunate to hear keynote remarks from Lieutenant Governor Dianne Primavera, where she outlined the administration’s policy victories to help ensure Coloradans have access to affordable health care including the creation of Prescription Drug Affordability Board (PDAB) last session through SB21-175.
CBSA President & CEO Elyse Blazevich introduces Lt. Governor Dianne Primavera.
Sponsors of CBSA’s legislative priority this session, HB22-1149, which will reauthorize the Advanced Industries Investment Tax Credit, joined the event for a roundtable discussion on the bill. HB22-1149, along with reauthorizing the program, will increase the tax credit’s annual cap from $750,000 to $4 million resulting in a 433% increase.
Representative Shannon Bird, HD-35 (Adams County) and Representative Mike Lynch, HD-49 (Larimer & Weld Counties) participate in a roundtable discussion with CBSA Vice President Michael Crews.
In addition to protecting and growing the Advanced Industries Investment Tax Credit, CBSA highlighted its 2022 state policy priorities at the event, which include:
- Protect Patient Access to Health Innovation
- Strengthen Incentives for Innovation
- Increase Capital and Growth
- Promote a Favorable Tax and Regulatory Environment
- Cultivate an Educated Workforce
- Promote Strategies to Improve Public Health
- Advance Industry Priorities within the Colorado State Budget