Areas Served: Target areas in Denver, Colorado
The NBR and NMI program works by assisting entrepreneurs in starting or expanding their businesses in targeted Denver neighborhoods.
The Denver Office of Economic Development provides gap financing, technical assistance, permitting assistance and design consultation to enhance investment opportunities in NBR and NMI target areas.
Older business districts such as South Broadway, Santa Fe Drive, Highlands Square and others have experienced an economic renaissance as a result these Denver programs.
Primary Goals – To stimulate the revitalization of older neighborhood commercial districts designated as NBR and NMI target areas by the City and County of Denver.
– To provide economic opportunities in Denver for new and expanding neighborhood serving businesses, including minority and women owned businesses.
– To enhance the quality and level of goods and services available in Denver’s low and moderate income residential neighborhoods.
– To create permanent jobs for low- and moderate-income Denver residents.
City loan proceeds can be used for a variety of project costs, including real estate acquisition, new construction, rehabilitation, equipment purchases, and working capital.
City funds cannot, however, be used for refinancing of existing debt.
Contact InformationCity of Denver
Address: 201 W Colfax Ave
City: Denver
State: Colorado
Website:
http://www.denvergov.org/content/denvergov/en/denver-office-of-economic-development/build-your-business/financing.html
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