The Denver Office of Economic Development (OED) has issued two notices of funds available under a part of the Obama administration’s economic stimulus package. The program is known as Community Development Block Grant-Recovery (CDBG-R). The OED is soliciting proposals for business lending projects and community/neighborhood improvements.
Aout $1.4 million is available for projects supporting business start-up and expansion, and roughly $850,000 is available for neighborhood revitalization projects such as:
• block beautification
• installation and upgrade of parks and playgrounds
• community centers
• tree planting
Here’s OED Executive Director André Pettigrew: “In shaping our CDBG-R strategy, we placed an emphasis on making as many funds as possible available to our small business community. We have seen a very strong need for greater access to capital among our businesses, and we’re fortunate to have these extra funds to leverage within our community to create jobs and stimulate the economy.”
Funding proposals are due October 29, 2009. For more information, including specific business lending criteria, application process and to view the notices of funding availability, visit www.milehigh.com.
To date, the City and County of Denver has received $55 million in ARRA funding for a variety of projects and programs. For more information visit www.denvergov.org/stimulus.
