Community Foundation And Larimer County Providing Funds For Estes Area Economic Recovery
This week the Estes Park Economic Development Corporation (“Estes Park EDC”) thanked the Community Foundation of Northern Colorado and Larimer County for their financial support of two projects concerning flood recovery. These grants to the Town of Estes Park are in partnership with Estes Park EDC.
Business Recovery Coordinator Program: The Community Foundation awarded $29,500 to the Town of Estes Park in partnership with Estes Park EDC to hire a Business Recovery Coordinator. The Coordinator will conduct outreach to local businesses to assist them in obtaining access to flood-related grants, loans and financing opportunities, as well as benefit from free business consulting. “By having a local coordinator, we can greatly enhance access to the Colorado SBDC network through the Larimer SBDC,” said Jon Nicholas, Interim President/CEO of the Estes Park EDC.
The state of Colorado shortly will be announcing the availability of millions of dollars in additional grants and loans to businesses adversely affected by the flood through Community Development Block Grant-Disaster Recovery funds (CDBG-DR funds). It is anticipated that businesses that want to apply for grants and/or loans through the CDBG-DR programs will be required to register with the Colorado SBDC as a client and go through free consulting to ensure their applications are complete. “Having a Business Recovery Coordinator in Estes Park will greatly help businesses access the CDBG-DR program, as well as other grants and loans available for their success,” Nicholas said.
Economic Recovery Strategy Program: The Larimer County Commissioners and the Community Foundation have each committed $10,000 toward an economic recovery strategy program for the Estes Valley and nearby communities. The flood as well as recent wildfires have highlighted Estes Park’s dependence on one major industry (tourism) as a vulnerability. The $20,000 in local funds will be used as a match for a federal grant to plan and implement an economic diversification strategy for Estes Park. Experiences in other communities demonstrate that planning for economic resilience is a key part of disaster recovery.
“The Board of Larimer County Commissioners realize how important flood recovery is for Larimer County residents and the Town of Estes Park and Estes Park EDC can help move that recovery along,” said Larimer County Commissioner Chair Tom Donnelly.
The Town of Estes Park is a partner of Estes Park EDC for both projects, providing expertise and resources for grant administration.
About the Community Foundation of Northern Colorado-The Community Foundation is a nonprofit, public foundation working to build permanent endowments for the benefit of charitable causes and organizations in Northern Colorado. It manages more than 350 individual charitable funds and $80 million in assets. It serves a unique leadership role by bringing people and resources together around important local issues. More than 40 local nonprofit organizations have their endowments housed with the Community Foundation, and many individuals and businesses have established donor advised funds.