Two members of Colorado’s congressional delegation have introduced new legislation to help spur business innovation.

On Friday, U.S. Sen. Cory Gardner was one of a group of senators to introduce the IMPACT Act, a measure to determine the impact the “opportunity zones” created in the 2017 Tax Cuts and Jobs Act.

The 2017 law, known for cutting taxes for the wealthy, also established 8,764 census tracts as qualified opportunity zones, where investors in capital in those communities can receive tax benefits. The average poverty rate in opportunity zone tracts is 29%.

Gardner, in a statement, said that the new bill would provide “new data on Opportunity Zones, so we can make them as effective as possible at encouraging investment, inciting growth and extending opportunities for communities.”

There would be a requirement to provide two reports in the next decade on each census tract’s progress, as well as for investors to report their activity. CO-Invest, a project of the state’s Office of Economic Development & International Trade, lists all of the investment opportunities in Colorado – from a cleaners in Fort Morgan to vacant industrial land in Grand Junction.

Also on Friday U.S. Rep. Jason Crow introduced the Small Business Innovation Voucher Act, which would enable small businesses to join up with universities or research laboratories to pursue federal grants for research and development.

“Ensuring a dynamic marketplace of ideas begins with a diversity of businesses working together to build the next generation of technology,” said Crow in a statement.

The act would create “vouchers,” in the form of grants used to create a “novel product or service.”

The legislation would give priority to businesses owned by women, veterans, rural residents and people of color. It authorizes $10 million, to be disbursed in grants ranging between $25,000 and $100,000.