
Infrastructure Assistance
Purpose
The infrastructure assistance program is designed to create new permanent jobs and retain existing jobs, primarily for low- and moderate-income persons. This program encourages new business development, expansions and retentions of businesses located in non-entitlement cities and counties (that shall minimize, to the extent practicable, displacement of existing businesses and jobs in neighborhoods).
Funding Source
The funds utilized for this program are federal funds from the US Department of Housing and Urban Development; therefore, there are federal requirements which must be met. The Office of Economic Development (through an interagency contract with the Department of Local Affairs) may provide infrastructure assistance in support of specific businesses through an eligible city or county that is willing to take the financial risk in order to create or retain jobs. Additionally, all other businesses which will create or retain jobs as a result of the improvements may be required to comply with the program's primary objective, creation or retention of jobs for low-to-moderate income benefit.
Eligible Projects
Typically eligibly improvements are owned and/or maintained by a public or quasi-public entity. Funds may be provided for the construction and/or improvement of:
Requirements
Eligible applicants are non-entitlement cities and counties. Contact the Colorado Office of Economic Development (OEDIT) to determine applicant eligibility. The eligibility requirements include:
Terms
Process
A business should contact their local government where the project is located as federal guidelines require the local government to make an application for funding in support of the business. Prior to submitting a pre-application, the applicant and the business must complete an application workshop and a specific project consultation with OEDIT staff. In some cases, it may be possible to request an individual project consultation in place of the required workshop; however, this determination must be made on a case-by-case basis as time allows. The applicant and the business requesting assistance must complete a pre-application which is submitted to OEDIT. If the pre-application is recommended for funding by the Governor'sFinancial Review Committee, the applicant is invited to submit a formal application which is due within 45 days of such notice. For further information or to obtain an infrastructure application (pre-application and formal application), please contact:
For further information, please contact:
Ken Gabriel, Manager, CDBG Business Programs
Colorado Office of Economic Development & International Trade
1625 Broadway, Suite 2700
Denver, Colorado 80202
(T) (303) 892-3840
(F) (303) 892-3848
1 (800) 659-2656 TDD
Secondary Contact:
Alice Kotrlik, Deputy Director
Colorado Office of Economic Development & International Trade
1625 Broadway, Suite 2700
Denver, Colorado 80202
(T) (303) 892-3840
(F) (303) 892-3848
1 (800) 659-2656 TDD