Several investments recently made in the Region’s communities for tourism, creative industries, housing

Several of the region's communities have recently received substantial investments from state and local funding sources in the way of grants for a variety of projects to enhance the economic vitality of their communities. The stories below describe how they are using the funds to enhance tourism, creative arts, and housing.

Success Story

Partnership in Summit County creates Summit Biz: Training program for entrepreneurs and business owners The Summit Prosperity Initiative (SPI), a partnership in Summit County created to enhance economic prosperity has created the Summit Biz Program to provide business training for entrepreneurs looking to start a business and business owners looking to grow their business. Since…

Partnership in Summit County develops training program for entrepreneurs and business owners

The Summit Prosperity Initiative (SPI), a partnership in Summit County created to enhance economic prosperity has created the Summit Biz Program to provide business training for entrepreneurs looking to start a business and business owners looking to grow their business.  Since September of 2020, five cohorts have been held with 44 graduates from the program.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Partnership and capacity building at work to support older adults in Eagle County

Golden Eagle has provided 36 units of housing for low-income older adults since 1986. NWCCOG has helped secure a USDA Housing Preservation Grant to fund improvements to this housing development over the years since 2009, resulting in over $180,000 in funds.

Red Cliff Broadband Program

Cliff never felt so far from civilization as when cell phones and broadband be-came standard tools for living and working. Town doggedly pursued broadband to bring the modern era to it’s citizens for close to a decade, and didn’t get far until NWCCOGs program came along. After nearly 4 years of assistance from NWCCOG and…

What you’ll need to apply:

The Colorado Small Business Development Network offers FREE on-line training videos to help you start and grow your business. It would be very beneficial to take some time to view some of these videos as you prepare your loan application – click HERE to view the videos.

Documents needed at closing:

The USDA Rural Development has awarded the NWCCOG EDD $47,000 to establish a business loan fund. This fund will support the development of small and emerging businesses in the NWCCOG Region.

Loan funds from this program can be used for:

  • expansion
  • acquisition
  • startups
  • equipment
  • inventory
  • working capital

In order to qualify you must:

  • Be located in one of the five NWCCOG Counties: Eagle, Grand, Jackson, Pitkin, Summit
  • Be a for-profit business
  • Have gross revenues less than $1 million. Gross revenues are defined as revenue of a business before deductions for any purpose, except for sales returns. In the case of a manufacturing or merchandising business, gross revenue means gross profit (i.e., gross sales or gross receipts less cost of goods sold).  Please provide this information for the last 12 months (if existing business) or projected for the next 12 months (if new business).
  • Have fewer than 50 employees
  • Provide documentation of not being able to obtain credit elsewhere.

Loan terms:

  • Loans may range from $5,000 – $47,000
  • Interest rate is determined during the approval process, but will be very competitive
  • Loan term varies – max 10 years