Colorado Startup Loan Fund Introduces New Financing Options to Help Small Businesses Grow

The Colorado Startup Loan Fund, announced today by the Polis Administration and the Business Funding & Incentives Division of the Colorado Office of Economic Development and International Trade (OEDIT), introduces new financing options for small business owners across Colorado looking to start, restart, or restructure a business.

Polis Administration Secures $100M+ Funding to Create and Retain 11,000 Jobs through the State Small Business Credit Initiative Grant

Today, Governor Polis, the Colorado Office of Economic Development and International Trade (OEDIT), Senators Bennet and Hickenlooper, and State Treasurer Dave Young announced that the U.S. Treasury Department has awarded the State of Colorado a State Small Business Credit Initiative (SSBCI) grant. This funding could result in more than $100 million over the next 5+ years to leverage ten times that amount in private financing to help Colorado’s small businesses access the capital they need to invest in their businesses and create new jobs across the state.

Polis Administration Secures Craft Brewing Company for New Northglenn Headquarters

The Polis Administration and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced today that Prost Brewing Company, a Colorado-based craft brewery, has selected the city of Northglenn for its new headquarters and expansion project, including a showcase production facility, distribution center and world-class biergarten.

Boost growth in your Enterprise Zone business with Colorado income tax credits

There’s no time like the present to plan ahead—especially on the heels of tax season. Whether your business experienced unexpected savings or what felt like some surprise bills, this is a great time to think ahead and be ready for next year. With good planning and OEDIT’s Enterprise Zone (EZ) Program, you can earn incentives that can help make your growth strategies a reality.

“You know what? We’re optimistic:” Craig’s Head Start on a Just Transition

At first, the outlook was bleak for the city of Craig when the region’s major employers, two coal-fired power plants and three coal mines, announced that they will be shutting down within the decade. The closures are expected to eliminate at least 1,000 direct and indirect jobs, the equivalent of 100,000 jobs for a city the size of Denver. 

Venture Capital Authority seeking input for new Colorado Diversity, Equity, and Inclusion Fund

The Colorado Venture Capital Authority (VCA) supports access to venture capital for Colorado's entrepreneurs and startup businesses. The VCA is a political subdivision of the state and a Special Purpose Authority like the Public Employees' Retirement Association. The VCA is governed by a board of directors that partners with professional fund managers to deploy its capital and the Office of Economic Development and International Trade (OEDIT) staff provides administrative support to the VCA.