Business Funding and Incentives

Today, the Colorado Venture Capital Authority (VCA) and the Colorado Office of Economic Development and International Trade (OEDIT) announced that the VCA has partnered with Avesta Fund to expand access to venture capital for Colorado entrepreneurs and startup businesses. The VCA has committed $3.6 million to Avesta, a venture capital firm that invests in companies working to address climate change and inequality. With the VCA’s investment and matching support from other leading Colorado investors, Avesta Colorado Fund completed its first close totaling $7.2 million.

Today, the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) and the Economic Development Council of Colorado (EDCC) announced 27 recipients of Economic Development Organization (EDO) Action Grants. These one-time grants support initiatives that seek to strengthen and diversify local economies across the state, from La Junta to Mancos and Hugo to Grand Junction. 

The Polis-Primavera Administration and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that defense industry startup Nooks, a veteran-owned Classified-Space-as-a-Service leader, has selected Colorado Springs for expansion. Here, Nooks will open its third and largest national location offering flexible access to classified facilities and associated networks for use by industry and government partners.

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Conejos County has been designated as a Rural Jump-Start Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Yuma County has been designated as a Rural Jump-Start (RJS) Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Kit Carson County has been designated as a Rural Jump-Start (RJS) Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

In his State of the State address, Governor Polis outlined his vision for Colorado and how to address housing challenges. Today, Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) announced the first three recipients of the Innovative Housing Incentive Program (IHIP) grant.

The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Morgan County has been designated as a Rural Jump-Start Zone. This designation is intended to encourage economic development and job creation by offering new businesses or businesses that move to these zones significant financial benefits.

Today, the Colorado Venture Capital Authority (VCA) and the Colorado Office of Economic Development and International Trade (OEDIT) announced that the VCA has renewed its partnership with Greater Colorado Venture Fund (GCVF) to expand access to venture capital for Colorado entrepreneurs and startup businesses. The VCA has committed $11,175,000 to GCVF, which has a proven track record of funding Colorado companies and creating jobs in the state’s rural communities.

The Office of Just Transition (OJT), within the Colorado Department of Labor & Employment, and the Office of Economic Development & International Trade (OEDIT) are partnering to provide Coal Transition Community Grants to communities whose economies have traditionally relied on the coal industry. These grants are intended to support regional economic and workforce development activities that expand local business, create new good-paying jobs, and create more diversified and strong local economies.