Capital for Rural Entrepreneurs
The East Colorado Small Business Development Center (SBDC) helps small businesses across 13 counties east of I-25 start, grow and prosper. They do this through confidential consulting, high quality training and connection to resources. One thing that makes East Colorado SBDC unique is their central role in the University of Northern Colorado’s BizHub Collaborative. The BizHub Collaborative is a virtual incubator extending access to the resources of UNC to the small business community in Eastern Colorado. While businesses in any industry can become a member of the BizHub, they focus on four primary industries: 1) Manufacturing; 2) Health and Wellness; 3) Oil and Gas; and 4) Agriculture and Agritourism. Each BizHub client meets with an assigned consultant team specific to the focus area to identify their goals and to determine business needs. Together, they establish an action plan assuring access to the service, tools and resources of the BizHub including mentorship, business plan development, and the full suite of SBDC services.
Lisa Hudson, Director of the East Colorado SBDC, took the The program provides a virtual incubator services to small businesses. provides online services to small business owners.
Colorado’s Office of Economic Growth and International Trade (OEDIT), in partnership with the Colorado Venture Capital Authority (CVCA), is allocating $9 million to a new investment fund that will provide seed and early-stage investment capital and/or debt to qualified rural businesses in Colorado.
The new fund was created to stimulate and support innovation and economic growth in rural Colorado counties that may have less access to investment resources. Potential industries include value added agriculture, advanced manufacturing, education, health and wellness, tourism and outdoor recreation, energy natural resources, clean tech and technology and information, and others.
“Colorado represents a vibrant model for entrepreneurship and innovation,” said Governor John Hickenlooper, “Our goal is to extend that influence to more rural counties with an investment fund dedicated to their specific growth needs.” Businesses located in more than 54 counties within the state of Colorado are eligible to receive funding from the new Rural Fund. “These rural counties already provide exceptional economic advantages including an educated and motivated workforce, locations with global access, and a collaborative business environment. Access to investment funds will help accelerate growth and innovation” stated Roni K. Wisdom, Rio Grande County Administrator, and CVCA Board Member.