Colorado is looking to get into the small-business-loan sector — not as the actual lender of the money but as a funder of organizations who filter financing applicants and determine which small companies are both viable and deserving of state aid.
Fiona Arnold, the outgoing executive director of the Colorado Office of Economic Development and International Trade, pitched the idea Thursday to the Colorado Economic Development Commission as part of a package of initiatives that she thinks will allow it to respond better to struggling areas of Colorado.
Arnold, who will leave her position at the end of the year, also suggested a scoring system to determine who should get the largest job-growth incentive tax credits, a plan to reserve $10 million in the state’s Strategic Fund to use for the recruitment of major company headquarters and the creation of a bike ride.
The bike ride will be used by major Colorado CEOs as a recruitment tool for expanding out-of-state companies.
Read more at the Denver Business Journal: http://bizj.us/1oyai1
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