Policy Advocacy Wins for Colorados Hispanic Community in 2024

The Colorado Hispanic Chamber of Commerce (COHCC) has a long history of influencing public policy to benefit Hispanic residents and businesses. 2024 marked a landmark year with several key wins at the state legislature.

1. Small Business Capital Access Act

COHCC lobbied for the creation of a $15 million revolving loan fund specifically for Hispanic‑owned small businesses. The fund provides low‑interest loans up to $250,000, with a simplified application process.

• Projected impact: 200 new businesses launched within the next two years.
• How to apply: Visit the Funding portal for eligibility criteria.

2. Education Equity Funding Bill

Through a coalition of education advocates, COHCC secured $5 million for after‑school STEM programs targeting Hispanic students in underserved districts.

Key components:

1. Funding for robotics kits and coding curricula.
2. Professional development for bilingual teachers.
3. Scholarships for community college enrollment.

3. Workforce Development Incentive

The state introduced a tax credit for employers who hire recent Hispanic graduates into skilled trade positions. COHCC helped shape the credit structure, ensuring it covers apprenticeship wages for up to two years.

• Benefit: Encourages businesses to create pathways for youth into high‑paying trades.

4. Health Care Access Expansion

COHCC partnered with the Colorado Department of Public Health to expand a mobile clinic program in Latino neighborhoods, adding three new locations in 2024.

Services include:

• Preventive screenings
• Spanish‑language health education
• Connection to insurance enrollment assistance

How These Wins Translate to Real‑World Benefits

Each policy change directly supports COHCC’s mission:

• Economic Growth: Access to capital fuels entrepreneurship.
• Education & Workforce: Scholarships and training prepare the next generation of innovators.
• Health & Well‑Being: Better access reduces disparities.

Next Steps for Members

Members can take advantage of these new resources by:

• Applying for the small business loan fund.
• Registering students for after‑school STEM programs.
• Partnering with employers to claim the workforce tax credit.
• Encouraging community members to use mobile health clinics.

Get Involved in Ongoing Advocacy

COHCC’s policy team continues to monitor upcoming legislative sessions. Sign up for the Advocacy Newsletter to stay informed and join future grassroots campaigns.

These 2024 victories are a testament to what a united community can achieve. Together, we’ll keep building a more prosperous and equitable Colorado.