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City of Denver lends a hand to small business

An article from the Rocky Mountain News, reports that the city of Denver announced May 1 the Denver Neighborhood Marketplace Initiative, a pilot program from the Office of Economic Development aimed at strengthening neighborhood business districts and their surrounding communities and helping small businesses grow. According to the OED, more than half the city's general fund comes from retail sales taxes on small businesses and many of the retail establishments are in smaller business districts outside Denver's downtown core. Economic development administrator Bo Martinez said the city chose five districts to participate in the pilot program, using a set of performance criteria that categorized each district's current state of development as somewhere along the spectrum between challenging and thriving. The city is partnering with Social Compact, a Washington-based nonprofit that will help Denver develop a plan to be used to attract investment in neighborhood development. Also, the city has formed a Business District Alliance to represent the city's diverse group of small-business operators and property owners in the various districts, Martinez added.
http://www.rockymountainnews.com/news/2008/aug/21/city-lends-a-hand-to-small-business/

www.judesandvall.com
Posted Tuesday Aug 26

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