Longmont to consider new contracts for economic development groups

LONGMONT — Longmont City Council members are set to consider Tuesday a series of new contracts that would fund economic development organizations in the city. 

The city’s 2020 budget includes funding for:

• Colorado Enterprise Fund: $5,000. The fund “provides loans to hard-to-finance businesses that have been turned down by conventional lenders such as banks and the U.S. Small Business Administration,” according to city documents.
• Boulder Small Business Development Center: $39,925. “The city-SBDC contract began more than 10 years ago as a way to enhance the level of service Longmont businesses receive…