Decision Diverts Capco Funds ; Money Will Go to State Insurance, Investment

Summary


DENVER - Lawmakers struck a deal Tuesday to dismantle a troubled $200 million economic development program that a state audit revealed did little to create jobs.

The agreement means the effort to reform or abolish the Colorado Certified Capital Company, or CAPCO, program likely will move forward today.

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Decision Diverts Capco Funds ; Money Will Go to State Insurance, Investment

The $200 million in tax credits created by the CAPCO program will be diverted to the state's economic development office and a program that prov...

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