The Journal
The Region 9 Economic Development District of SW Colorado Inc. has been approved for a Rural Microentrepreneur Assistance Program loan and grant through USDA Rural Development.
This funding will help meet Region 9’s growing loan program demand, provide lending capital for startup businesses, businesses needing smaller amounts or those that have a funding gap with their local bank. The grant portion will allow Region 9 to offer technical assistance services to the businesses they serve.
The grant funding totals $75K, and the loan funds total $300K and will serve the five counties of Archuleta, Dolores, La Plata, Montezuma and San Juan.
Region 9 is a nonprofit corporation led by a 26-member board of directors that in addition to loan funds, administers the Enterprise Zone Tax credit program, provides socio-economic data, and provides a variety of technical assistance to support economic development goals and priorities.
Learn more at www.scan.org.