The Colorado Department of the Treasury has announced the formation of the first Board of Directors for the Building Urgent Infrastructure and Leveraging Dollars (BUILD) Authority, a new entity aimed at financing critical infrastructure projects across the state.
Colorado State Treasurer Dave Young will chair the 13-member board. “Colorado deserves dependable, flexible financial tools to tackle our urgent infrastructure challenges,” said Young. “With the Board now in place, BUILD can begin its work to finance and foster more resilient and sustainable communities across the state.”
The BUILD Authority was created through SB25-081 to provide communities with coordinated funding options for projects such as water system upgrades, road repairs, clean energy development, and school improvements. The authority has powers to issue tax-exempt bonds, originate loans and grants, and attract both public and private investment for regional initiatives.
A key focus of BUILD is supporting community-driven economic development. The authority plans to back projects that strengthen local economies, help meet sustainability targets, expand opportunities in underserved areas, and encourage long-term growth. Projects funded by BUILD will also prioritize strong labor standards along with workforce training and apprenticeship programs.
The board consists of representatives from state government, local government, organized labor, finance, and the private sector:
– Dave Young, Colorado State Treasurer
– Tana Lane, Colorado State Architect
– Kyle Mullica, State Senator (SD-24)
– Byron Pelton, State Senator (SD-1)
– Tamara Pogue, Summit County Commissioner
– Anna Bertanzetti, City and County of Broomfield
– Mark Heller, Colorado Educational and Cultural Facilities Authority
– Nathan Cooper, SMACNA Colorado
– Jason Wardrip, Colorado Building Construction and Trades Council
– Jeremy Ross, IBEW 68
– Bessie Conty, Colorado Public Employees’ Retirement Association (PERA)
– Dawn Bookhardt, Butler Snow
– Kevin Erickson, MidWestOne Bank
Quarterly public meetings for the board will start on December 17. More information about the program is available at treasury.colorado.gov/build-program-board.
The Department of the Treasury manages public funds for Colorado residents from receipt through disbursement. Its staff is responsible for safeguarding these funds with diligence comparable to managing their own finances. Further details can be found at colorado.gov/treasury.
