Development fund to benefit rural counties

DENVER – Colorado’s Office of Economic Development and International Trade and the Colorado Venture Capital Authority will allocate $9 million, and perhaps as much as $3 million more, to a rural economic development investment fund.  

The agencies created the new fund to benefit innovation in rural areas that might not have access to other funding sources. Industries that could benefit include value-added agriculture, advanced manufacturing,  health and wellness, tourism and outdoor recreation, energy and natural resources, clean tech, technology and information, according to a press release announcing the program.

OEDIT and CVCA are seeking qualified candidates to manage the fund, via an RFP process. Qualified candidates and firms can access the Rural Fund Manager RFP  on the state’s website and the deadline for responses is Nov. 1, 2017, with a decision by Jan. 2, 2018. Click here for more information about Colorado’s Rural Fund or to download the Fund Manager RFP.

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