FUNDING

Provided by the Colorado Office of Economic Development and International Trade & Region 10 

 

 

Job Training Grant Programs
 
Colorado FIRST / Existing Industry Customized Training Programs

The Colorado FIRST and Existing Industry grants are jointly administered by OEDIT and the Colorado Community College System. Colorado FIRST grants are for companies that are relocating to or expanding in Colorado and provide funds only to net new hires. Existing Industry grants focus on providing assistance to established Colorado companies in order to remain competitive within their industry, adapt to new technology and prevent layoffs. The programs increase transferable job skills that support both the company’s economic competitiveness and enhance worker's resumes and long-term employment opportunities.

 

The Colorado FIRST deadline for annual applications is generally the first week in August. The Existing Industry deadline for annual applications is generally the third week in August. If program funds remain available, a second application round may occur.

 

View the fact sheet to learn more about the grants and eligibility.

 

To apply for a job training grant, please contact a West End Community College Grant Representative. For more information, contact us.

 

Strategic Fund Incentive Program

The Strategic Fund Incentive program supports and encourages new business development, business expansions and relocations that have generated new jobs throughout the state. In some cases, the Strategic Fund may also be able to provide support for initiatives led by non-profit entities pertaining to key industries or regional development.

 

Requirements

A business may receive funding if it proposes to create new jobs in Colorado that are maintained for at least one year. A business must also meet the requirements below:

 

  • Strong level of local matching commitments ($1:$1 requested)

  • Potential for economic “spinoff” benefits, such as attracting suppliers, generating tourism/travel activity, high prestige, or a large expansion initiative

  • Capital investment, relative to the number of jobs

  • Responds to a special local economic event, such as replacing recent lay-offs

  • Inter‐state competitive factors

  • Headquarters in Colorado

  • Other unique conditions

 

Additional consideration may be given to businesses that do not meet the EDC’s minimum 100% annual average wage rate requirement if additional criteria are met. View the Strategic Fund Incentive fact sheet.

 

Public Infrastructure Grants

The Infrastructure Assistance program is designed to create new permanent jobs and retain existing jobs, primarily for low‐ and moderate‐income persons. This federally-funded program encourages new business development, expansions, and retentions of businesses located in non‐entitlement cities and counties.

 

Eligible Projects

Typically, eligible improvements are owned and/or maintained by a public or quasi‐public entity. Funds may be provided for the construction and/or improvement of:

 

  • Water Lines & Wastewater Facilities

  • Sewer Lines, Sewage Treatment Facilities

  • Roadways

  • Natural Gas‐Line Services

  • Electric Power Services

  • Railroad Spurs

  • Lighting

  • Sidewalks

  • Alternative Power Sources such as Solar

 

For more information on Infrastructure Assistance, click here for a fact sheet.

 

To find out if you are an eligible applicant or to obtain an infrastructure application, please contact us.

 

 

Film Incentive Program

The Office of Film, Television & Media attracts and facilitates content creation in the state in order generate economic growth and job creation in all of its communities.  The office administers a 20%  performance-based rebate.

 

Requirements

 

  • Applications must be submitted prior to production activity and approved by the Economic Development Commission

  • A Colorado production company must have qualified local expenditures of at least $100,000. An out-of-state production company must have at least $1 million in qualified local expenditures (the exception being television commercials and video game productions, which must have qualified local expenditures of $250,000)

  • The production company’s workforce must consist of at least 50% Colorado residents

  • The production company must hire a Colorado CPA to perform an independent audit of qualified local expenditures

 

More information can be found at www.coloradofilm.org