BEC to provide city, county economic development services

BOULDER – The city of Boulder has renewed its contract with the Boulder Economic Council to work on a number of economic vitality initiatives.

Unlike the last contract, which was $5,500 per month, the two sides agreed to a time-and-materials contract at a rate of $175 per hour to a maximum of $3,000 per month. The contract runs through 2007.

Specific services include:

_ Development and management of the Boulder Owner-Occupied Loan Pool. The loan pool is part of the city’s business incentive program. Companies can apply for loans to help them buy their buildings with a 5 percent down payment instead…