The Colorado Department of Public Health and Environment and the Colorado Environmental Partnership have partnered with Connected Organizations for a Responsible Economy (CORE) and ColoradoBiz magazine to bring you the 3rd annual Sustainability Champion Awards, sponsored by PAETEC.
The Sustainability Champion Awards recognize individuals and teams who have gone above and beyond required duties in the creation and implementation of a program or initiative that has made a measurable contribution to the environment, the economy and society.
Recipients will be honored at an exclusive event to be held in conjunction with the 2010 Sustainable Opportunities Summit, and will receive special mention in the March 2010 issue of ColoradoBiz magazine.
Who is eligible?
Individuals or teams from the following types of organizations: industry, educational institutions, business, nonprofits and local, state or federal government.
What are the criteria?
Nominees should have a demonstrated commitment to going above and beyond required duties in the creation and implementation of successful sustainability-oriented programs and initiatives.
Successful programs and initiatives demonstrate benefits in the following areas:
- Environment
- Economy
- Society
- Innovation
- Education
How do I nominate someone?
Click here to download a nomination form. Instructions for completion and submission are included in the forms.
What is the deadline?
Please submit your nomination by 4 p.m. on January 14th, 2010.
Tuesday, December 29, 2009
Thursday, December 24, 2009
Colorado Innovation Investment Tax Credit (CIITC)
"Colorado legislator’s recently passed HB 09-1105...creating the Colorado Innovation Investment Tax Credit (CIITC). CIITC provides an income tax credit for investing entities that make investments during calendar year 2010 in small, innovative Colorado companies that are involved in research and development or manufacturing of new technologies, processes, and/or products.
The tax credit is equal to 15% of the investment up to a maximum tax credit of $20,000 per taxpayer id. The maximum tax credit amount for the entire program for the 2010 tax year is $750,000.
The Colorado Office of Economic Development and International Trade (OEDIT) is responsible for implementing and managing this new program. OEDIT has prepared the attached Fact Sheet containing additional information about the program and guidance regarding the application and review process...
Requests for tax credits will be processed on a first come, first serve basis. As such, it is important to get the word out to potential investors and small businesses about this opportunity, especially since there is an annual limit of $750,000...
In the very near future, we will publish the CIITC Fact Sheet, Application, FAQ’s, and other relevant information on OEDIT’s web site. At this time, we do not yet have the specific web address, however once established, it will be accessible through the following link: http://www.colorado.gov/cs/Satellite/OEDIT/OEDIT/1165009699726"
The tax credit is equal to 15% of the investment up to a maximum tax credit of $20,000 per taxpayer id. The maximum tax credit amount for the entire program for the 2010 tax year is $750,000.
The Colorado Office of Economic Development and International Trade (OEDIT) is responsible for implementing and managing this new program. OEDIT has prepared the attached Fact Sheet containing additional information about the program and guidance regarding the application and review process...
Requests for tax credits will be processed on a first come, first serve basis. As such, it is important to get the word out to potential investors and small businesses about this opportunity, especially since there is an annual limit of $750,000...
In the very near future, we will publish the CIITC Fact Sheet, Application, FAQ’s, and other relevant information on OEDIT’s web site. At this time, we do not yet have the specific web address, however once established, it will be accessible through the following link: http://www.colorado.gov/cs/Satellite/OEDIT/OEDIT/1165009699726"
Wednesday, December 9, 2009
Rebate Program Webinars for Energy Service Providers - Registration Required
"Beginning in early 2010, the Governor's Energy Office (GEO) will be offering rebates and incentives for Colorado residents and businesses that install energy efficiency and renewable energy measures in their home or business.
The GEO will be holding a series of webinars and meetings for contractors that wish to learn more about the rebate program. These meetings will provide the rebate criteria, amounts, and details on partnership structure.
Currently scheduled webinars include:
The GEO will be holding a series of webinars and meetings for contractors that wish to learn more about the rebate program. These meetings will provide the rebate criteria, amounts, and details on partnership structure.
Currently scheduled webinars include:
- Solar Rebates: 12/14/2009 9am MST
- Solar Rebates: 12/16/2009 1pm MST
- Wind Rebates: 12/15/2009 3pm MST
- Mechanical and Plumbing Rebates: 12/14/09 1pm MST
- Insulation and Air Sealing Rebates: 12/14/09 3pm MST
- Energy Audit Rebates: 12/15/09 9am MST
Registration is required. For more information and to register, click here.
Tuesday, December 8, 2009
CO-EXist Grant to Promote Cleantech Exports to China and Mexico
"The U.S. Department of Commerce's International Trade Administration (ITA) recently awarded the Colorado Office of International Trade (ITO) $363,135 in matching funds over the next three years to support Colorado companies' exports of clean and environment-related products and services to China and Mexico. The program is part of the Market Development Cooperators Program, or MDCP, which partners grant winners with an ITA team to provide program support.
The ITO is calling the export promotion program CO-EXist, or Colorado Export of Innovative and Sustainable Technologies. CO-EXist was designed to provide financial and business support to Colorado-based small and medium sized companies that manufacture products and/or provide services promoting sustainability, such as water and wastewater infrastructure, air pollution control, energy efficiency, clean and renewable energy infrastructure and generation, waste and hazardous waste management, recycling, monitoring and compliance, green building practices, transportation technologies, and materials and packaging. Program elements include:
The ITO is calling the export promotion program CO-EXist, or Colorado Export of Innovative and Sustainable Technologies. CO-EXist was designed to provide financial and business support to Colorado-based small and medium sized companies that manufacture products and/or provide services promoting sustainability, such as water and wastewater infrastructure, air pollution control, energy efficiency, clean and renewable energy infrastructure and generation, waste and hazardous waste management, recycling, monitoring and compliance, green building practices, transportation technologies, and materials and packaging. Program elements include:
- Marketing cleantech companies at industry trade shows in China and Mexico;
- Hosting missions of in-bound buyers from China and Mexico in Colorado;
- Initiating meetings that partner Colorado companies with Chinese and Mexican buyers during outbound and inbound missions;
- Matching travel funds for Colorado exporters' and foreign buyers' missions;
- Customizing export counseling and market research for Colorado companies;
- Providing technical assistance to exporters, including: legal consultation, business document translations, manufacturing assessments, and other professional services.
The CO-EXist program is expected to help generate over $38 million in cleantech products and services exports over the next three years, supporting hundreds of jobs in Colorado. If you would like more information about the program, then please contact the ITO at 303-892-3850. While the ITO is the lead organization for the CO-EXist program, the following partners will also play an integral role: The Department of Commerce's International Trade Administration (ITA); the U.S. Export Assistance Center, Denver; the U.S. Foreign Commercial Service Offices in Mexico and China; Connected Organizations for a Responsible Economy (CORE); the Colorado Association for Manufacturing and Technology (CAMT); the Colorado Cleantech Industry Association (CCIA); and the City of Denver Office of Economic Development. The World Trade Center, Denver will also provide support.
For the full press release, please click here."
Monday, October 26, 2009
SMA Solar plant to bring hundreds of jobs to Denver
Monday, October 26, 2009
Denver Business Journal - by Cathy Proctor
"SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010.
SMA, based in Niestetal, Germany, manufacturers inverters for solar power systems — the device that converts direct current (DC) electricity, produced by the panels, into alternating current (AC) electricity, which can be used by electrical equipment and sent onto the power grid network. SMA holds about 40 percent of the world’s marketshare for solar panel inverters and manufactures equipment for small, residential-sized systems as well as commercial and large, utility-scale systems.
The company surveyed 10 cities in the United States and chose Denver for its first manufacturing plant outside of Germany — specifically about 180,000 square feet of space at 4701 Havana — due to the building’s access to Interstate 70 and nearby railway lines and the skills of the local workforce, officials said...The company expects to invest about 15 million Euros in the project, nearly $22.3 million at current exchange rates.
About 300 jobs are expected initially, with the average wage of $30,000. The company expects that as demand for the inverters grows that the number of jobs could grow to 700 at the plant, Urbon said...
The state offered SMA about $2 million in incentives, tied to creating jobs in an enterprise zone and helping to pay for training of the new employees. The company also qualifies for a 3 percent investment tax credit, said Jeff Holwell, direction of the business development for the state’s office of Economic Development and International Trade...
SMA didn’t qualify for the state’s newest tax credits for companies that create at least 20 jobs, because HB 1001, sponsored by Rep. Joe Rice, D-Littleton, and signed into law May 4 by Ritter, also requires the jobs pay at least 100 percent of the county’s average wage. In Denver, that’s $59,000, Holwell said...
Denver offered SMA $1 million over five years for job creation and training, said Andre Pettigrew, director of economic development for the city..." [link to full article]
Denver Business Journal - by Cathy Proctor
"SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010.
SMA, based in Niestetal, Germany, manufacturers inverters for solar power systems — the device that converts direct current (DC) electricity, produced by the panels, into alternating current (AC) electricity, which can be used by electrical equipment and sent onto the power grid network. SMA holds about 40 percent of the world’s marketshare for solar panel inverters and manufactures equipment for small, residential-sized systems as well as commercial and large, utility-scale systems.
The company surveyed 10 cities in the United States and chose Denver for its first manufacturing plant outside of Germany — specifically about 180,000 square feet of space at 4701 Havana — due to the building’s access to Interstate 70 and nearby railway lines and the skills of the local workforce, officials said...The company expects to invest about 15 million Euros in the project, nearly $22.3 million at current exchange rates.
About 300 jobs are expected initially, with the average wage of $30,000. The company expects that as demand for the inverters grows that the number of jobs could grow to 700 at the plant, Urbon said...
The state offered SMA about $2 million in incentives, tied to creating jobs in an enterprise zone and helping to pay for training of the new employees. The company also qualifies for a 3 percent investment tax credit, said Jeff Holwell, direction of the business development for the state’s office of Economic Development and International Trade...
SMA didn’t qualify for the state’s newest tax credits for companies that create at least 20 jobs, because HB 1001, sponsored by Rep. Joe Rice, D-Littleton, and signed into law May 4 by Ritter, also requires the jobs pay at least 100 percent of the county’s average wage. In Denver, that’s $59,000, Holwell said...
Denver offered SMA $1 million over five years for job creation and training, said Andre Pettigrew, director of economic development for the city..." [link to full article]
Friday, September 11, 2009
Enterprise Zone Tax Credits
"The [State of Colorado] Office of Economic Development and International Trade (OEDIT) will be holding several meetings around the State to provide information on the Enterprise Zone Program and you are invited to attend.
At these meetings we will provide an overview of Enterprise Zone tax credits, provide an Enterprise Zone legislative update, and have a question and answer session.
These meetings will also provide an opportunity for our office to take input for the program recommendations that OEDIT and the Economic Development Commission are required to provide to the legislature on Senate Bill 09-234.
You are invited to attend the meeting that works best for your schedule:
Grand Junction
Date: September 21, 2009
Time: 10:00am to 12:00pm
Location: The Business Incubator Center - 2591 B ¾ Road, Grand Junction, CO 81503
Durango
Date: September 22, 2009
Time: 10:00am to 12:00pm
Location: La Plata County Fairgrounds - 2500 Main Ave, Durango, CO 81301
Fort Morgan
Date: September 23, 2009
Time: 10:00am to 12:00pm
Location: Morgan County Administration BuildingCounty Commissioner Board Room (lower level) - 231 Ensign Street, Fort Morgan, CO 80701
Denver
Date: September 25, 2009
Time: 10:00am to 12:00pm
Location: World Trade Center - 1625 Broadway, Suite 800 (8th floor), Denver, CO 80202
Please forward this invitation to economic developers, community leaders, tax preparers and businesses in your region. A summary of enterprise zone tax credits and a copy of Senate Bill 09-234, which was signed into law in the last legislative session, is available on our website at www.advancecolorado.com/enterprisezone. Comments or questions on Senate Bill 09-234 or the Enterprise Zone program can be sent to kevin.tilson@state.co.us. We welcome your feedback."
At these meetings we will provide an overview of Enterprise Zone tax credits, provide an Enterprise Zone legislative update, and have a question and answer session.
These meetings will also provide an opportunity for our office to take input for the program recommendations that OEDIT and the Economic Development Commission are required to provide to the legislature on Senate Bill 09-234.
You are invited to attend the meeting that works best for your schedule:
Grand Junction
Date: September 21, 2009
Time: 10:00am to 12:00pm
Location: The Business Incubator Center - 2591 B ¾ Road, Grand Junction, CO 81503
Durango
Date: September 22, 2009
Time: 10:00am to 12:00pm
Location: La Plata County Fairgrounds - 2500 Main Ave, Durango, CO 81301
Fort Morgan
Date: September 23, 2009
Time: 10:00am to 12:00pm
Location: Morgan County Administration BuildingCounty Commissioner Board Room (lower level) - 231 Ensign Street, Fort Morgan, CO 80701
Denver
Date: September 25, 2009
Time: 10:00am to 12:00pm
Location: World Trade Center - 1625 Broadway, Suite 800 (8th floor), Denver, CO 80202
Please forward this invitation to economic developers, community leaders, tax preparers and businesses in your region. A summary of enterprise zone tax credits and a copy of Senate Bill 09-234, which was signed into law in the last legislative session, is available on our website at www.advancecolorado.com/enterprisezone. Comments or questions on Senate Bill 09-234 or the Enterprise Zone program can be sent to kevin.tilson@state.co.us. We welcome your feedback."
Monday, August 24, 2009
$37 Million for Small Business Research and Technology
Source: Wider Opportunities for Women http://www.wowonline.org/
The funding will emphasize investment in clean energy technologies and job creation. The funding is available through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs departments of DOE.
DOE’s SBIR/STTR programs will target U.S. companies with fewer than 500 employees. Small businesses with strong research capabilities in science or engineering are encouraged to apply.
Applications are currently being accepted for topic areas related to improving energy efficiency including:
Read more information about DOE’s SBIR and STTR programs.
For more information read the press release at: http://www.energy.gov/news2009/7824.htm.
The funding will emphasize investment in clean energy technologies and job creation. The funding is available through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs departments of DOE.
DOE’s SBIR/STTR programs will target U.S. companies with fewer than 500 employees. Small businesses with strong research capabilities in science or engineering are encouraged to apply.
Applications are currently being accepted for topic areas related to improving energy efficiency including:
- Advanced building air conditioning and refrigeration, thermal load shifting, and cool roofs
- Water usage in electric power generation and industrial processes
- Power plant cooling
- Advanced gas turbines and materials
- Sensors, controls, and wireless networks
- Advanced water power technology development
- Smart controllers for smart grid applications
- Advanced solar technologies
- Advanced industrial technologies development
- Advanced manufacturing processes
Read more information about DOE’s SBIR and STTR programs.
For more information read the press release at: http://www.energy.gov/news2009/7824.htm.
Friday, August 21, 2009
Advanced Energy Manufacturing Tax Credit (48C)
CCIA members and friends: If you are or will be manufacturing, you might be interested in this announcement.
Christine (Chris) Shapard
Executive Director
Colorado Cleantech Industry Association
www.ColoradoCleantech.com
"The American Reinvestment and Recovery Act of 2009 (ARRA) authorizes the Department of Treasury to award $2.3 billion in tax credits for qualified investments in advanced energy projects, to support new, expanded, or re-equipped domestic manufacturing facilities. The Advanced Energy Manufacturing Tax Credit (MTC) was authorized in Section 1302 of ARRA and requires the Secretary of Treasury to work in consultation with the Secretary of Energy. The MTC is also referred to as Section 48C of the Internal Revenue Code.
The goal of the MTC is to grow the domestic manufacturing industry for clean energy, thereby supporting the larger goals of ARRA to stimulate economic growth, create jobs, and reduce greenhouse gas emissions. In short, the MTC will help secure American leadership in the clean energy sector. The MTCprovides a 30% credit for investments in new, expanded, or re-equipped advanced energy manufacturing projects. Up to $2.3 billion in MTCs will be allocated for advanced energy projects, which will support total capital investments of almost $7.7 billion in new renewable and advanced energy manufacturing projects.
The Department of Energy (DOE) and the Internal Revenue Service (IRS) will review and make determinations on the eligibility and merit of MTC applications. Applicants will receive tax credits based on the expected commercial viability of their project and the ranking of their project relative to other projects.
Rankings based on: expected job creation, reduction of air pollutants and greenhouse gas emissions, technological innovation, and ability to have the project up and running quickly. Technology, geographic & project size diversity, and regional economic development will also be considered when rating projects.
The application period opens August 14, 2009. Preliminary applications are due to DOE September 16, 2009, followed by final applications being due to DOE and IRS on October 16, 2009. By January 15, 2010, IRS will certify or reject applications, and notify the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010.
Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds. Projects must be completed within 4 years of their tax credit acceptance. Eligible investment credits cover future expenditures and do not award past investment. All other applicable sections of the Internal Revenue Code are in force. Section 1302 of the ARRA describes the following advanced energy facilities, for which manufacturing projects would be eligible:
Christine (Chris) Shapard
Executive Director
Colorado Cleantech Industry Association
www.ColoradoCleantech.com
"The American Reinvestment and Recovery Act of 2009 (ARRA) authorizes the Department of Treasury to award $2.3 billion in tax credits for qualified investments in advanced energy projects, to support new, expanded, or re-equipped domestic manufacturing facilities. The Advanced Energy Manufacturing Tax Credit (MTC) was authorized in Section 1302 of ARRA and requires the Secretary of Treasury to work in consultation with the Secretary of Energy. The MTC is also referred to as Section 48C of the Internal Revenue Code.
The goal of the MTC is to grow the domestic manufacturing industry for clean energy, thereby supporting the larger goals of ARRA to stimulate economic growth, create jobs, and reduce greenhouse gas emissions. In short, the MTC will help secure American leadership in the clean energy sector. The MTCprovides a 30% credit for investments in new, expanded, or re-equipped advanced energy manufacturing projects. Up to $2.3 billion in MTCs will be allocated for advanced energy projects, which will support total capital investments of almost $7.7 billion in new renewable and advanced energy manufacturing projects.
The Department of Energy (DOE) and the Internal Revenue Service (IRS) will review and make determinations on the eligibility and merit of MTC applications. Applicants will receive tax credits based on the expected commercial viability of their project and the ranking of their project relative to other projects.
Rankings based on: expected job creation, reduction of air pollutants and greenhouse gas emissions, technological innovation, and ability to have the project up and running quickly. Technology, geographic & project size diversity, and regional economic development will also be considered when rating projects.
The application period opens August 14, 2009. Preliminary applications are due to DOE September 16, 2009, followed by final applications being due to DOE and IRS on October 16, 2009. By January 15, 2010, IRS will certify or reject applications, and notify the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010.
Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds. Projects must be completed within 4 years of their tax credit acceptance. Eligible investment credits cover future expenditures and do not award past investment. All other applicable sections of the Internal Revenue Code are in force. Section 1302 of the ARRA describes the following advanced energy facilities, for which manufacturing projects would be eligible:
- Technologies that create energy from renewable resources (sun, wind, geothermal and other renewable resources)
- Energy storage technologies (fuel cells, microturbines or other energy storage systems used in electric vehicles)
- Advanced transmission technologies that support renewable generation (including storage)
Renewable fuel refining or blending technologies - Energy conservation technologies (advanced lighting, smart grid)
Plug-in electric vehicles & vehicle components (motors, generators) - Property to capture and sequester carbon dioxide
- Other property designed to reduce greenhouse gas emissions
It should be noted this tax credit does not support energy generation projects, but rather the manufacturing facilities that support generation and conservation.
Additional Information
ARRA Statute - Section 48C <http://www.energy.gov/recovery/documents/ARRA_Statute-Section48C.pdf> (pdf) Federal Notice 48C <http://www.energy.gov/recovery/documents/Federal_Notice_48C.pdf> (pdf) IRS Application Form SF3468 <http://www.energy.gov/recovery/documents/IRS_application_form_sf3468.pdf> (pdf)
Applications
48C Preliminary Application <http://www.energy.gov/recovery/documents/48C_Preliminary_Application.doc> (MS Word) Applicant Data Input Spreadsheet <http://www.energy.gov/recovery/documents/Applicant_Data_Input_Spreadsheet.xls> (MS Excel) Submit questions to <mailto:48Cquestions@hq.doe.gov> Submit applications to <mailto:48capplications@hq.doe.gov>"
As with any tax credit, rebate or other financial information contained in this blog, be sure to check with your financial advisor about any implications specific to your business.
Friday, August 14, 2009
REpowerUSA Corp. moves corporate headquarters
"REpower USA Corp., the wholly-owned subsidiary of German wind energy manufacturer REpower Systems AG (WKN 617703), will have a new US headquarters location beginning in early September. The US office for all administrative, sales and project management functions, previously located in Portland, Oregon, will move to Denver, Colorado. The company will make the official announcement at a press conference in Denver today which will be attended by the CEO of REpower USA, Steve Dayney, by the Governor of Colorado, Bill Ritter, and by the Mayor of the City and County of Denver, John Hickenlooper... REpower is also one of the first companies to take advantage of Colorado's new Job Growth Incentive Fund (House Bill 09-1001), demonstrating that even in these tough times, Colorado is an attractive place for companies to do business and for employees and their families to live, work and play..." [source: MDEDC]
Tuesday, August 11, 2009
Weatherization Program
The Colorado Governor's Energy Offices provides free energy efficiency services based on income. How does this program apply to businesses? One way is if your business has employees that are income-eligible for this program, you can help them reduce their utility costs--akin to giving them a raise without sacrificing your bottom line--and help improve the health and welfare of those employees. In addition, any efficiency-related building costs that are not covered under this program may be eligible for grants.
For employees who don't qualify under the income guidelines of this program, they may eligible for tax credits. More information about these credits are available on GEO's website.
For employees who don't qualify under the income guidelines of this program, they may eligible for tax credits. More information about these credits are available on GEO's website.
Monday, August 10, 2009
Business Retention Surveys
Staff of the Denver Office of Economic Development are currently conducting business expansion and retention surveys in Denver. These surveys are intended not only to assess Denver's business climate but also to examine the compiled results to determine how we can better meet the needs of the business community.
Surveys can be conducted one-on-one (please contact me for an appointment), over the phone (720.913.1657), via email (please place "BRE" in subject line) or online. All Denver businesses are highly encouraged to participate in this survey and provide their much needed input.
Surveys can be conducted one-on-one (please contact me for an appointment), over the phone (720.913.1657), via email (please place "BRE" in subject line) or online. All Denver businesses are highly encouraged to participate in this survey and provide their much needed input.
Wednesday, August 5, 2009
Xcel Energy Launches Incentives for IT Managers to Go Green
Source: GreenerComputing, Published July 13, 2009
"MINNEAPOLIS, Minn. -- Xcel Energy is hoping to lighten the load on its grid by encouraging IT managers to implement energy efficiency programs.
The company's new Data Center Efficiency program, currently available in Minnesota and Colorado, will offer significant incentives to cutting the energy drawn by servers, storage and cooling.
Xcel will pay for up to 75 percent of the cost of a company's data center energy efficiency study, and will refund up to $400 per kilowatt saved by the data center energy efficiency projects implemented by a firm..." [link to remainder of this article]
For more green-IT related information, visit my Delicious green-IT bookmarks.
"MINNEAPOLIS, Minn. -- Xcel Energy is hoping to lighten the load on its grid by encouraging IT managers to implement energy efficiency programs.
The company's new Data Center Efficiency program, currently available in Minnesota and Colorado, will offer significant incentives to cutting the energy drawn by servers, storage and cooling.
Xcel will pay for up to 75 percent of the cost of a company's data center energy efficiency study, and will refund up to $400 per kilowatt saved by the data center energy efficiency projects implemented by a firm..." [link to remainder of this article]
For more green-IT related information, visit my Delicious green-IT bookmarks.
Tuesday, August 4, 2009
Denver intends to solicit proposals
NOFA DESCRIPTION: The City and County of Denver intends to solicit proposals for the following program areas:
For other procurement opportunities, please see my read my other related posts.
- Housing Development and Housing Services
- Neighborhood Development and Neighborhood Services
- Economic/Business Development and Services
For other procurement opportunities, please see my read my other related posts.
Army Venture Capital Fund
(Source: CleanTech.org)
"Clearly modeled after the CIA's In-Q-Tel fund (http://www.in-q-tel.com/), the U.S. Army issued a Broad Agency Announcement (BAA) to solicit proposals for the operation and management of a not-for-profit, Venture Capital Corporation (VCC). The objective is to improve the business relationships between the entrepreneurial community of high technology innovators and the U.S. Army. This is expected to accelerate the transition of innovative technology into the Army by creating greater awareness on the Army's part concerning commercial technology development and in the entrepreneurial community concerning the Army's potential as a technology customer willing to accept innovative solutions to its requirements. The focus initially will be on companies and programs developing power and energy technology applicable to the requirements of the individual soldier.
The BAA was issued Aug 29, and the deadline for proposals was just extended from Sept 30 to Oct 15. UFTO will follow this story with great interest. (I am advising a local VC firm who plans to submit a proposal.) "
"Clearly modeled after the CIA's In-Q-Tel fund (http://www.in-q-tel.com/), the U.S. Army issued a Broad Agency Announcement (BAA) to solicit proposals for the operation and management of a not-for-profit, Venture Capital Corporation (VCC). The objective is to improve the business relationships between the entrepreneurial community of high technology innovators and the U.S. Army. This is expected to accelerate the transition of innovative technology into the Army by creating greater awareness on the Army's part concerning commercial technology development and in the entrepreneurial community concerning the Army's potential as a technology customer willing to accept innovative solutions to its requirements. The focus initially will be on companies and programs developing power and energy technology applicable to the requirements of the individual soldier.
The BAA was issued Aug 29, and the deadline for proposals was just extended from Sept 30 to Oct 15. UFTO will follow this story with great interest. (I am advising a local VC firm who plans to submit a proposal.) "
Rocky Mountain Clean Tech Open (RMCTO)
"The Rocky Mountain Clean Tech Open (RMCTO)is both a business plan competition for early stage clean tech startups, and a thriving community of clean tech entrepreneurship. The competition enables entrepreneurs to turn clean technology ideas into thriving businesses. Events and workshops build a vibrant network of clean tech companies and supporters in the Rocky Mountain region which is comprised of Colorado, New Mexico, Utah, Wyoming and Montana."
Saturday, August 1, 2009
Stimulus Funding
In an effort to learn about various ARRA funding opportunities available, here's a list of the various sites to monitor:
DOE Issues New Loan Guarantee Solicitations For Innovative Energy Projects And New Transmission
E-bulletin from Hogan & Hartson's Focus On Climate and Clean Energy, Hogan & Hartson LLP, 07.31.2009
On July 29, the Department of Energy (DOE) issued two solicitations for roughly $30 billion in loan guarantees: one for innovative technologies and a second, smaller solicitation for transmission projects. The solicitations are generally similar to those issued by DOE in 2008 under the Title XVII loan guarantee program, but there are some important differences designed to enable both DOE and the applicants to understand more quickly the likelihood a guarantee will be granted. Reportedly, in the fall, DOE will offer a further loan guarantee opportunity to projects employing established renewable energy technologies that have bank financing in hand...[link to article]
On July 29, the Department of Energy (DOE) issued two solicitations for roughly $30 billion in loan guarantees: one for innovative technologies and a second, smaller solicitation for transmission projects. The solicitations are generally similar to those issued by DOE in 2008 under the Title XVII loan guarantee program, but there are some important differences designed to enable both DOE and the applicants to understand more quickly the likelihood a guarantee will be granted. Reportedly, in the fall, DOE will offer a further loan guarantee opportunity to projects employing established renewable energy technologies that have bank financing in hand...[link to article]
Discarded E-Waste Could Be Put to Work in Medicine
Interesting article by GreenerComputing Staff, published July 14, 2009:
YORK, UK -- An announcement from the University of York's Green Chemistry Centre of Excellence offers a highly innovative potential use for e-waste, one that also brings a cradle-to-cradle mindset to disposing of technology...[link to remainder of this article]
YORK, UK -- An announcement from the University of York's Green Chemistry Centre of Excellence offers a highly innovative potential use for e-waste, one that also brings a cradle-to-cradle mindset to disposing of technology...[link to remainder of this article]
Carbon Calculators
Ok, ok I'll admit, I'm a carbon calculator collector. There could be worse hobbies. To be honest, I'm not sure why there are so many and have yet to compare them. But for those of you who are searching, here's a list of a few I've come across (so far). Happy calculating!
Denver's 'green' affordable housing standard effective 1/1/10
Effective January 1, 2010 the Denver Office of Economic Development will require developers (who seek its funds to help build affordable housing in Denver) to meet the Enterprise Communities (EC), Green Communities (GC) criteria.
These criteria are intended to "significantly reduce the impact on water quality, air pollution, global warming and the depletion of natural resources – while simultaneously lowering operating costs and maintenance needs", as well as contribute to the physical health and well-being of people.
Information about grants and loans for green building can also be found on EC's site.
Efforts are underway to provide developer applicants with informational resources to help them meet GC criteria, such as information about green vendors, suppliers, and products. The State of Colorado's green vendor product list (in development), and EPA's Energy Service & Product Providers list are potential sources to procure products for building green. As a vendor of these products, you may want to look into how to get on these lists.
More information about general green building practices, companies, and products can be found on my Delicious green-building list of websites.
These criteria are intended to "significantly reduce the impact on water quality, air pollution, global warming and the depletion of natural resources – while simultaneously lowering operating costs and maintenance needs", as well as contribute to the physical health and well-being of people.
Information about grants and loans for green building can also be found on EC's site.
Efforts are underway to provide developer applicants with informational resources to help them meet GC criteria, such as information about green vendors, suppliers, and products. The State of Colorado's green vendor product list (in development), and EPA's Energy Service & Product Providers list are potential sources to procure products for building green. As a vendor of these products, you may want to look into how to get on these lists.
More information about general green building practices, companies, and products can be found on my Delicious green-building list of websites.
Friday, July 31, 2009
Research
Sources to find competitive intelligence, market data, demographics, labor information, etc:
- City of Denver's records and documents
- City of Denver's licenses and permits
- City of Denver's Business Summary
- Colorado Secretary of State business licenses
- Colorado Automated Licensure Information System Online (ALISON)
- Denver Public Library list of databases, including ReferenceUSA (library card required)
- MDEDC's cost of living index (click on "Cost of Living Index" along right margin)
- Hoovers
- Yahoo Finance
- NAICS: The North American Industry Classification System is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
- Newseum: The Newseum displays these daily newspaper front pages in their original, unedited form. Some front pages may contain material that is objectionable to some visitors. Viewer discretion is advised.
- ZipSkinny: US Census data by zip code
- Colorado Labor Market Information (LMI)
- State of Colorado Employment laws
- Bureau of Labor Statistics
- O-Net (job descriptions, salary information, etc.)
DBTAC Rocky Mountain ADA Center provides information on the Americans with Disabilities Act (ADA) to Colorado, Utah, Montana, Wyoming, North Dakota and South Dakota. Disability Navigators are also available at Colorado Workforce Centers for employer questions, incentive information, and technical assistance.
Manpower Research Center "Economists, journalists, university researchers and think tanks are among the thousands of thought leaders who closely follow Manpower research products, utilizing our data to help them assess and forecast the health and direction of the world’s labor markets."
HR Village: Human Resources Toolkit, Download Business Forms, Human Resources Software, Job Descriptions, HR Legal Guides, Employee Handbook Ideas, HR Faqs, Read Articles, HR Resources, Build Your Knowledge, Education
my other blog about Colorado Energy Careers
Thursday, July 30, 2009
Employee Housing
- Denver's Office of Economic Development works with many partners to provide a variety of housing options and programs, including workforce and affordable housing.
- Metro Denver Economic Development Corporation housing information and cost of living index (click on "Cost of Living Index" along right margin)
Find sites for your business
- Siting assistance provided by Denver Office of Economic Development
- City of Denver owned properties for sale
- Metro Denver Economic Development Corporation GIS
- State of Colorado Prospects.com
- Denver Business Journal's commercial real estate search site
- Xceligent nationwide provider of property and listing information for the commercial real estate industry
- Development Alliance's portal
- officespace.com free listing service that allows for public access
- Creative Spaces (free Web portal designed to advertise space to creative businesses, artists and arts organizations to search for and promote available performance, rehearsal, studio, business and housing space that meet their unique needs)
- OED Business map (input a Denver address to determine whether it is eligible for tax credits or small business loans "RLF/NBR")
Workforce Incentives & Tax Credits
Wage Subsidy
Denver employers that offer a formal training program for entry-level employees can apply to receive 50-100% wage subsidies for up to six months. Potential trainees are pre-screened based on employer's requirements. The Youth Employment Program (ages 14-21) may also have subsidies available.
Workforce Recruitment
In addition to free access to Colorado's state-wide job bank (ConnectingColorado) workforce recruitment and/or candidate pre-screening is available at many centers across the state. Of the approximately 300,000 registered jobseekers in the workforce system pool, about 20% are currently employed, and at any given time, approximately 25% of the particpants in the Adult Dislocated Worker WIA Programs have at least a Bachelors Degree, and another 25% have some college or an Associate Degree. For more information about the diverse demographics, please contact lynn.sargent@denvergov.org or contact a business representative at a center near you.
CRC/WorkKeys Assessments
The CRC is an effective tool for pre-screening recruits, gauging skill-building needs of current employees, or as part of an internal promotion process. CRC certifies the skills of employees and recruits in three categories: applied math, locating information, and reading for information (an Applied Technology module is also be available to certify knowledge levels in Electricity, Fluid Dynamics, and Mechanics). These assessments are harder than most people assume. Related tutorials for all modules are also available. Assessments are administered by many Colorado Workforce Centers, including Denver's. Denver employers must register. Contact Lynn Sargent for more details, or to schedule an appointment to try the assessment to discover how it meets your pre-screening needs.
Training
Training is a smart investment in human capital, can lead to greater efficiencies, and employees often view it as a benefit. Colorado businesses can save training costs by using free computer and other skills training at Denver workforce centers for their existing employees. Customized training is also available for training of new technologies, introduction of new production or service procedures, or any additional skills required to upgrade to a new job/classification (click here for more information on Customized Training).
Training Grants
The Colorado First and Existing Industry grants are jointly administered by the Colorado Office of Economic Development & International Trade (OED-IT) and the Colorado Community College System (CCCS). Maximum grant award of $800 per employee. CCD's Performance Solutions is one of the organizations that can assist businesses with writing their grant application.
Workforce Investment Act (W.I.A.)
Jobseekers enrolled in WIA may receive tuition assistance for attending WIA-approved training courses, and financial assistance for "supportive services", such as steel-toed boots and other PP&E if these items are required by the employer to secure employment. Refer to the beginning of my Schools post to learn how to access the database of WIA approved training providers.
WOTC Tax Credits
Tax credits for hiring Welfare Recipients, Veterans receiving food stamps, TANF recipients, jobseekers receiving vocational rehabilitation to learn new careers, and other populations.
Enterprise Zone Projects
Up to 25% state tax credit for monetary donations/in-kind contributions (excluding membership fees) to non-profits certified as an EZ Contribution Project.
Free Fidelity Bonding
Helps alleviate employers concerns that at-risk job applicants would be untrustworthy workers by allowing them to secure fidelity bonds to indemnify them for loss of money or property sustained through the dishonest acts of their employees.
Denver employers that offer a formal training program for entry-level employees can apply to receive 50-100% wage subsidies for up to six months. Potential trainees are pre-screened based on employer's requirements. The Youth Employment Program (ages 14-21) may also have subsidies available.
Workforce Recruitment
In addition to free access to Colorado's state-wide job bank (ConnectingColorado) workforce recruitment and/or candidate pre-screening is available at many centers across the state. Of the approximately 300,000 registered jobseekers in the workforce system pool, about 20% are currently employed, and at any given time, approximately 25% of the particpants in the Adult Dislocated Worker WIA Programs have at least a Bachelors Degree, and another 25% have some college or an Associate Degree. For more information about the diverse demographics, please contact lynn.sargent@denvergov.org or contact a business representative at a center near you.
CRC/WorkKeys Assessments
The CRC is an effective tool for pre-screening recruits, gauging skill-building needs of current employees, or as part of an internal promotion process. CRC certifies the skills of employees and recruits in three categories: applied math, locating information, and reading for information (an Applied Technology module is also be available to certify knowledge levels in Electricity, Fluid Dynamics, and Mechanics). These assessments are harder than most people assume. Related tutorials for all modules are also available. Assessments are administered by many Colorado Workforce Centers, including Denver's. Denver employers must register. Contact Lynn Sargent for more details, or to schedule an appointment to try the assessment to discover how it meets your pre-screening needs.
Training
Training is a smart investment in human capital, can lead to greater efficiencies, and employees often view it as a benefit. Colorado businesses can save training costs by using free computer and other skills training at Denver workforce centers for their existing employees. Customized training is also available for training of new technologies, introduction of new production or service procedures, or any additional skills required to upgrade to a new job/classification (click here for more information on Customized Training).
Training Grants
The Colorado First and Existing Industry grants are jointly administered by the Colorado Office of Economic Development & International Trade (OED-IT) and the Colorado Community College System (CCCS). Maximum grant award of $800 per employee. CCD's Performance Solutions is one of the organizations that can assist businesses with writing their grant application.
Workforce Investment Act (W.I.A.)
Jobseekers enrolled in WIA may receive tuition assistance for attending WIA-approved training courses, and financial assistance for "supportive services", such as steel-toed boots and other PP&E if these items are required by the employer to secure employment. Refer to the beginning of my Schools post to learn how to access the database of WIA approved training providers.
WOTC Tax Credits
Tax credits for hiring Welfare Recipients, Veterans receiving food stamps, TANF recipients, jobseekers receiving vocational rehabilitation to learn new careers, and other populations.
Enterprise Zone Projects
Up to 25% state tax credit for monetary donations/in-kind contributions (excluding membership fees) to non-profits certified as an EZ Contribution Project.
Free Fidelity Bonding
Helps alleviate employers concerns that at-risk job applicants would be untrustworthy workers by allowing them to secure fidelity bonds to indemnify them for loss of money or property sustained through the dishonest acts of their employees.
Technical Assistance
- Denver's Business Assistance Center and business events calendar
- Colorado Small Business Development Center (SBDC) Network
- Denver Public Library Small Business Resources
- Denver Business Journal's Small Business Center
- U.S. Department of Commerce International Trade Administration
- Entrepreneur's "65 Indispensable Websites for Business Owners"
Chambers of Commerce & Related Associations
For networking, procurement opportunities, resource referrals, etc.
- RMMSDC (Rocky Mountain Minority Supplier Diversity Council)
- Black (Colorado Springs)
- Hispanic (Colorado Springs)
- Latina (Pueblo)
- list of associations from W3W3
Green & Clean Tech Business Lists
- Connected Organizations for a Responsible Economy (CORE)
- Colorado Cleantech Industry Association (CCIA)
- Greener Denver Vendor list
- Environmental Defense Fund (EDF)
- Colorado Energy Directory
- Energy Star Partner list
- State of Colorado Environmental Leadership Program members list
- State of Colorado vendors (all vendors; green list may be available 1/1/10)
- ReDirect Guide
- Denver EcoMetro Directory
- Visit Denver's Green Vendor Directory
- DNC Vendor Directory
- City of Denver's Recycling Directory
- City of Boulder's Construction & Deconstruction Waste, Reuse & Recyling Guide
- City of Boulder's PACE certified business list
- Locally Owned Colorado Businesses list
- U.S. Green Building Council Member directory
- Green Spaces' Denver's Green Route
- my Delicious list of green businesses in Colorado
Incubators, Tech Transfer, VC Sources...
- The National Alliance of Clean Energy Business Incubators
- CleanLaunch
- CORE/NREL Colorado Cleantech Initiative
- UC Denver Bard Center for Entrepreneurship
- UC Boulder Deming Center for Entrepreneurship
- University of Colorado System Tech Transfer Office
- Denver/Rockies chapter of the Keiretsu Forum
- Business Venture Funds
- Venture Capital Authority
- Guide to Federal Incentives and Programs Available to Investors
- my Delicious list of VC companies and sources
- also see my Green Grants post
Business Plans
Why write a business plan? It helps to organize your thoughts on paper and forces you to think about strategies you may not have considered. For example, what is your target market? Where are your customers located? How do you intend to market to customers and how much will that marketing cost?
Business plans also require you to formulate financial statements so you'll have a better idea of how much it will cost to start and maintain your business. Remember that a business plan is a living document and should be updated as your business grows. In addition, most (if not all) lenders will require you to have one in order to receive a business loan.
Several organizations in Colorado assist entrepreneurs with writing business plans:
- Denver Metro Small Business Development Center (SBDC)
- Rocky Mountin MicroFinance Institute (RMMFI) (they also do small business lending)
Sample plans to peruse:
- Denver Public Library database access (with library card) to the "Business Plans Handbook" (collection of actual business plans compiled by entrepreneurs seeking funding for small businesses--scroll down the list on this website and click on the title) Note: DPL also assists with research required for your plan.
- Free sample business plans from BPlans.com
- Business plan requirements for gap loans from City
Bids & Procurement Opportunities
Following is a list of links to various municipal websites containing bidding and RFP information. Please visit the sites often to look for new opportunities and/or register on their email subscription service, if available.
If you need assistance and would like your proposal reviewed prior to submission, contact the Colorado Procurement Technical Assistance Center.
http://www.work4denver.com/
Denver Purchasing Department
Denver Parks & Recreation
Denver Public Works Department
Denver International Airport
Denver Museum of Nature & Science
Denver Environmental Health Deparment
Denver Water
Better Denver Bond Projects
State of Colorado Governor's Energy Office - Solitications
State of Colorado Purchasing Office
State of Colorado Department of Transportation "Procurement Road Map"
City of Englewood
Aurora Housing Authority
Denver Urban Renewal Authority
Denver Public Schools
Denver Public Schools - Facility Management & Use
Rocky Mountain E-Purchasing
RTD
Export trade leads
National RFPs for renewable power
National Renewable Energy Laboratory (NREL)
Xcel Energy (there is also an Xcel Energy Rep on SADBOC)
Denver Housing Authority (DHA Monthly Contractor/Vendor Meeting--designed for you to learn about the process of doing business with DHA--last Friday of Every Month, 9:00 am - 11:00 am, 777 Grant St. You must call Melanie Williams at 720.932.3068 to reserve your spot. Walk ins will not be accepted. )
Innovators Guide
Department of Homeland Security
Transportation Security Administration - Small and Disadvantaged Business Office
University of Colorado Procurement Service Center - a great resource for procurement and payables functions for the University's campuses (Boulder, Colorado Springs, and Denver).
If you need assistance and would like your proposal reviewed prior to submission, contact the Colorado Procurement Technical Assistance Center.
http://www.work4denver.com/
Denver Purchasing Department
Denver Parks & Recreation
Denver Public Works Department
Denver International Airport
Denver Museum of Nature & Science
Denver Environmental Health Deparment
Denver Water
Better Denver Bond Projects
State of Colorado Governor's Energy Office - Solitications
State of Colorado Purchasing Office
State of Colorado Department of Transportation "Procurement Road Map"
City of Englewood
Aurora Housing Authority
Denver Urban Renewal Authority
Denver Public Schools
Denver Public Schools - Facility Management & Use
Rocky Mountain E-Purchasing
RTD
Export trade leads
National RFPs for renewable power
National Renewable Energy Laboratory (NREL)
Xcel Energy (there is also an Xcel Energy Rep on SADBOC)
Denver Housing Authority (DHA Monthly Contractor/Vendor Meeting--designed for you to learn about the process of doing business with DHA--last Friday of Every Month, 9:00 am - 11:00 am, 777 Grant St. You must call Melanie Williams at 720.932.3068 to reserve your spot. Walk ins will not be accepted. )
Innovators Guide
Department of Homeland Security
Transportation Security Administration - Small and Disadvantaged Business Office
University of Colorado Procurement Service Center - a great resource for procurement and payables functions for the University's campuses (Boulder, Colorado Springs, and Denver).
Green Grants
- Governor's Energy Office: "NEED" grant and other renewable energy grants
- Department of Agriculture Business & Cooperative programs and grants
- Department of Energy - Alternative Fuels Data Center: Funding for petroleum displacement programs and financial opportunities specific to alternative fuels and advanced technologies
- Small Business Innovation Research (SBIR) program
- other Federal government grants
- my Delicious bookmarks for other green-grants and green-incentives
Disadvantaged Business Enterprises (DBE), Women Business Enterprises (WBE), Minority Business Enterprises
Construction Empowerment Initiative (CEI)
Offers certification for construction-related Small Business Enterprises (SBE), Disadvantaged Business Enterprises (DBE), Women Business Enterprises (WBE), Minority Business Enterprises (MBE), Airport Concessionaire Disadvantaged Business Enterprises (ACDBE), and Small Business Enterprise Concessions (SBEC). Certification helps these businesses compete for city funded projects (it doesn't guarantee a bid award, only reduces competition). Free CEI training is available every Friday 9-11am, though you must RSVP. A non-refundable application fee and annual renewable fees apply. This program may be expanded in the future for non-construction products and services (outside of the DIA concessionaire program).
Hub Zone
The HUBZone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses. These preferences go to small businesses that obtain HUBZone (Historically Underutilized Business Zone) certification.
State of Colorado Minority & Women Business Resources
Offers certification for construction-related Small Business Enterprises (SBE), Disadvantaged Business Enterprises (DBE), Women Business Enterprises (WBE), Minority Business Enterprises (MBE), Airport Concessionaire Disadvantaged Business Enterprises (ACDBE), and Small Business Enterprise Concessions (SBEC). Certification helps these businesses compete for city funded projects (it doesn't guarantee a bid award, only reduces competition). Free CEI training is available every Friday 9-11am, though you must RSVP. A non-refundable application fee and annual renewable fees apply. This program may be expanded in the future for non-construction products and services (outside of the DIA concessionaire program).
Hub Zone
The HUBZone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses. These preferences go to small businesses that obtain HUBZone (Historically Underutilized Business Zone) certification.
State of Colorado Minority & Women Business Resources
see also the Chambers post
Loans
Denver's Strategic Investments Lending Programs: RLF & NBR
- Revolving Loan Fund (RLF)
- Neighborhood Business Revitalization (NBR)
Must be in one of seven Denver targeted commercial districts; provides gap financing up to 50% of project costs to an unlimited amount (over $500k requires City Council approval).
Find out if your business is located in the Denver-specific RFL or NBR zones, by entering the address at Denver Office of Economic Development's Business Summary GIS.
OTHER LENDING SOURCES:
Seedco Financial
SBA 504 Mortgage Loan and SBA 7(a) Loan programs
Below market rate, long-term financing on commercial and industrial fixed assets. Can also be used to help small businesses adopt green practices / fund green improvements (click here for SBA's "Going Green" brochure.)
SBA America’s Recovery Capital (ARC) loans: 100-Percent Guarantee ARC Loan Program to Help Struggling Businesses
Rocky Mountain MicroFinance Institute
Business development services and flexible microloans in an effort to support an entrepreneur in creating economic self-sufficiency through business ownership
Colorado Alliance for Microenterprise Initiatives
Financing under $50k; call 303-592-4064
Manufacturing Revenue Bonds
Provides favorable tax-exempt Private Activity Bond financing targeted to small manufacturers in Colorado. The program provides for the financing of real estate, machinery, and equipment associated with expansion projects specific to manufacturers. Borrowers must meet all eligibility thresholds and federal tax code requirements, and often must compete for available volume, which is capped statewide under federal rules.
Peer-to-Peer Lending
Various networks exist to help borrowers find lenders, such as those mentioned in this NPR article.
Accion International
The mission of ACCION International is to give people the tools they need to work their way out of poverty. By providing microloans, business training and other financial services to poor men and women who start their own businesses, ACCION's partner lending organizations help people work their own way up the economic ladder, with dignity and pride.
Guaranty Bank & Trust
- Revolving Loan Fund (RLF)
Must be in Denver's RLF zone; this gap financing program works by lending up to 25% of project costs, thereby inducing banks to provide the bulk of the financing for small businesses. $25k-$350k, below market rates (contact Denver OED Strategic Investment staff for rate information 720.913.1999).
- Neighborhood Business Revitalization (NBR)
Must be in one of seven Denver targeted commercial districts; provides gap financing up to 50% of project costs to an unlimited amount (over $500k requires City Council approval).
Find out if your business is located in the Denver-specific RFL or NBR zones, by entering the address at Denver Office of Economic Development's Business Summary GIS.
OTHER LENDING SOURCES:
Seedco Financial
Small businesses, nonprofits and developers; loans up to and exceeding $1.5 million
Small business, nonprofits, individuals, and housing developers; $100k-$20m
Small business, startups, and childcare businesses; micro-loans of $1k-$250k
SBA 504 Mortgage Loan and SBA 7(a) Loan programs
Below market rate, long-term financing on commercial and industrial fixed assets. Can also be used to help small businesses adopt green practices / fund green improvements (click here for SBA's "Going Green" brochure.)
SBA America’s Recovery Capital (ARC) loans: 100-Percent Guarantee ARC Loan Program to Help Struggling Businesses
Rocky Mountain MicroFinance Institute
Business development services and flexible microloans in an effort to support an entrepreneur in creating economic self-sufficiency through business ownership
Colorado Alliance for Microenterprise Initiatives
Financing under $50k; call 303-592-4064
Manufacturing Revenue Bonds
Provides favorable tax-exempt Private Activity Bond financing targeted to small manufacturers in Colorado. The program provides for the financing of real estate, machinery, and equipment associated with expansion projects specific to manufacturers. Borrowers must meet all eligibility thresholds and federal tax code requirements, and often must compete for available volume, which is capped statewide under federal rules.
Peer-to-Peer Lending
Various networks exist to help borrowers find lenders, such as those mentioned in this NPR article.
Accion International
The mission of ACCION International is to give people the tools they need to work their way out of poverty. By providing microloans, business training and other financial services to poor men and women who start their own businesses, ACCION's partner lending organizations help people work their own way up the economic ladder, with dignity and pride.
Guaranty Bank & Trust
SBA Preferred Lender; loans for working capital, equipment, debt consolidation and real estate loans of $100k-$1m, term of 7-25 years; contact Jim Ocken or Suzanne Bastin at 303.296.9600
Baxter Fain-Debt & Equity Finance
Baxter Fain-Debt & Equity Finance
Loans for individuals or companies that own or wish to purchase commercial and residential real estate. Acquisition financing, refinancing existing debt, owner-occupied financing, and multi-family financing; amounts of $3m and up, term of 3-20 years.
Wells Fargo
SBA Preferred Lender. Refer to website for more information.
Other sources of access to capital include stimulus funding, grants, and venture capital.
Wells Fargo
SBA Preferred Lender. Refer to website for more information.
Other sources of access to capital include stimulus funding, grants, and venture capital.
Reduce Expenses
EnergyStar
See also: Worforce incentives post
Free online training to help you improve the energy performance of your organization. No travel, no lost time out of the office, and no cost — EPA makes it easy to get the information you need today. Join your colleagues to better understand how EPA can help you lower operating costs, improve your energy management program, and expand your professional development. Industry specific information available for: Government, Healthcare, Higher Education, Hospitality/ Entertainment, Industrial, K-12, Real Estate/ Multifamily, Retail, Small Business, Congregations, Service & Products Providers, Utilities & Energy Efficiency Program Sponsors and Water/Wastewater Utilities
Foreign Trade Zones
Two zones in metro Denver--one near Stapleton and one near DIA--allow manufacturers using imported parts to expedite customs and reduce or eliminate some fees or tariffs. Businesses can also apply to create a zone of their own.
Job Creation Performance Incentive Fund & Enhanced Incentive
Provides a performance-based incentive payment to qualifying companies that have created net new jobs paying above average wages. The program is designed to support and encourage new business development, business expansions and relocations that have generated new jobs throughout the state.
Performance Contracting
State of Colorado's business contracting model which uses utility savings to pay for renewable energy and/or energy efficiency building upgrades/retrofits.
DsireUSA
Incentives for Renewables and Efficiency
Solar Energy Industries Association
Solar tax credit information
Alternative Fuels and Advanced Vehicles Data Center
Colorado incentives for using Alternative Fuel Vehicles. Includes the Petroleum Reduction Planning tool to help fleets, consumers, and business owners create a strategy to reduce conventional fuel use in fleet and personal vehicles. Your business could also help station decision making by adding your green fleet information for the Station Locator
Xcel Energy Business Rebates
Rebates for replacing or updating your cooling system, increasing efficiency in your compressed air system, choosing energy-efficiency measures that exceed standard options but aren’t covered under the standard energy conservation programs, energy audits of your facility, free consultation, computer modeling and verification of measures, for new buildings, additions and/or major renovations; purchase and installation of automated building controls that lower a facility’s coincident demand during peak (workday) hours or provide energy savings during off-peak periods, purchasing and installing energy-efficient lighting equipment in new construction facilities, motor efficiency, recommissioning...Small and medium sized businesses can also request an energy efficiency workshop.
Denver Water
Denver Water offers several rebates for qualifying commercial customers using select commercial, industrial and institutional equipment. Denver Water offers incentive contracts for both indoor and outdoor water-saving projects to help offset the cost of installing or upgrading equipment and landscape. Projects could encompass a variety of ideas, such as eliminating single-pass cooling, modifying a building’s cooling tower, planting low-water-use plants and replacing inefficient irrigation systems. Contact conservation@denverwater.org for details about this program. Denver Water also offers free water-use audits. Call 303-628-6009 to schedule an audit.
Tax Deductions for Commercial Buildings
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
Other tax credits (including ARRA and energy-related) from IRS information center
FREE Energy Audits from CSU Students for Manufacturers
CSU students can provide FREE energy audits for manufacturers. Led by Professor Mike Kostrzewa, the audit team consists of undergraduate mechanical engineering students, most with about a year or so of energy auditing experience. We spend one day at a plant to tour the facility and the production process, brainstorm for recommendations, and collect data to support those recommendations. We then prepare a report that includes the energy savings, cost savings, and implementation costs associated with all recommendations that have a payback of less than about three years. Over the nearly 24 years that this program has been at CSU, about 50% of our recommendations have been implemented by our 622 customers. To qualify, a plant needs to spend at least $100,000/yr in energy bills. We ask for copies of the last 12 months electric and gas bills in advance of the scheduled site visit so we can do a baseline analysis. More Information: Visit link or contact Mike Kostrzewa at michael@engr.colostate.edu.
Denver Business Advisors
A free public service created to assist emerging businesses as they navigate the challenges of small business ownership (legal matters, finance, accounting, management, sales, marketing). Requirements for application: Colorado-based company in business for at least 3 consecutive years, annual sales exceeding $1 million, primary shareholder acts as managing principal and DBA will make final determination of eligibility.
ARRA funds to be administered by the Governor's Energy Office (be sure to sign up for e-newsletter updates on funding opportunities). For other ARRA fund-tracking websites, please visit my Stimulus Funding post
.Foreign Trade Zones
Two zones in metro Denver--one near Stapleton and one near DIA--allow manufacturers using imported parts to expedite customs and reduce or eliminate some fees or tariffs. Businesses can also apply to create a zone of their own.
Job Creation Performance Incentive Fund & Enhanced Incentive
Provides a performance-based incentive payment to qualifying companies that have created net new jobs paying above average wages. The program is designed to support and encourage new business development, business expansions and relocations that have generated new jobs throughout the state.
Performance Contracting
State of Colorado's business contracting model which uses utility savings to pay for renewable energy and/or energy efficiency building upgrades/retrofits.
DsireUSA
Incentives for Renewables and Efficiency
Solar Energy Industries Association
Solar tax credit information
Alternative Fuels and Advanced Vehicles Data Center
Colorado incentives for using Alternative Fuel Vehicles. Includes the Petroleum Reduction Planning tool to help fleets, consumers, and business owners create a strategy to reduce conventional fuel use in fleet and personal vehicles. Your business could also help station decision making by adding your green fleet information for the Station Locator
Xcel Energy Business Rebates
Rebates for replacing or updating your cooling system, increasing efficiency in your compressed air system, choosing energy-efficiency measures that exceed standard options but aren’t covered under the standard energy conservation programs, energy audits of your facility, free consultation, computer modeling and verification of measures, for new buildings, additions and/or major renovations; purchase and installation of automated building controls that lower a facility’s coincident demand during peak (workday) hours or provide energy savings during off-peak periods, purchasing and installing energy-efficient lighting equipment in new construction facilities, motor efficiency, recommissioning...Small and medium sized businesses can also request an energy efficiency workshop.
Denver Water
Denver Water offers several rebates for qualifying commercial customers using select commercial, industrial and institutional equipment. Denver Water offers incentive contracts for both indoor and outdoor water-saving projects to help offset the cost of installing or upgrading equipment and landscape. Projects could encompass a variety of ideas, such as eliminating single-pass cooling, modifying a building’s cooling tower, planting low-water-use plants and replacing inefficient irrigation systems. Contact conservation@denverwater.org for details about this program. Denver Water also offers free water-use audits. Call 303-628-6009 to schedule an audit.
Tax Deductions for Commercial Buildings
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
Other tax credits (including ARRA and energy-related) from IRS information center
FREE Energy Audits from CSU Students for Manufacturers
CSU students can provide FREE energy audits for manufacturers. Led by Professor Mike Kostrzewa, the audit team consists of undergraduate mechanical engineering students, most with about a year or so of energy auditing experience. We spend one day at a plant to tour the facility and the production process, brainstorm for recommendations, and collect data to support those recommendations. We then prepare a report that includes the energy savings, cost savings, and implementation costs associated with all recommendations that have a payback of less than about three years. Over the nearly 24 years that this program has been at CSU, about 50% of our recommendations have been implemented by our 622 customers. To qualify, a plant needs to spend at least $100,000/yr in energy bills. We ask for copies of the last 12 months electric and gas bills in advance of the scheduled site visit so we can do a baseline analysis. More Information: Visit link or contact Mike Kostrzewa at michael@engr.colostate.edu.
Denver Business Advisors
A free public service created to assist emerging businesses as they navigate the challenges of small business ownership (legal matters, finance, accounting, management, sales, marketing). Requirements for application: Colorado-based company in business for at least 3 consecutive years, annual sales exceeding $1 million, primary shareholder acts as managing principal and DBA will make final determination of eligibility.
ARRA funds to be administered by the Governor's Energy Office (be sure to sign up for e-newsletter updates on funding opportunities). For other ARRA fund-tracking websites, please visit my Stimulus Funding post
See also: Worforce incentives post
Jobs creation calculator for ARRA funds
ACEEE Creates Job Calculator for Energy-Saving Stimulus Projects, July 14, 2009,
Source: Clean Edge News
Source: Clean Edge News
$2 Million in ARRA Funded Grants Now Available...
...Through the New Energy Economic Development (NEED) Grant
The GEO is now accepting applications for the first round of American Recovery and Reinvestment Act funded New Energy Economic Development (NEED) Grants. These grants provide funding to advance energy efficiency and renewable energy for commercial and industrial projects, including residential applications, throughout the state of Colorado.
Applications are due on August 28th.
Information can be found in the partnership opportunities section on the GEO Web site under "N".
The GEO is now accepting applications for the first round of American Recovery and Reinvestment Act funded New Energy Economic Development (NEED) Grants. These grants provide funding to advance energy efficiency and renewable energy for commercial and industrial projects, including residential applications, throughout the state of Colorado.
Applications are due on August 28th.
Information can be found in the partnership opportunities section on the GEO Web site under "N".
SBA's 100% Guarantee ARC Loan Program
SBA News Release
Release Date: May 18, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-30
Internet Address: http://www.sba.gov/news
SBA Launches New 100-Percent Guarantee ARC Loan Program to Help Struggling Businesses
WASHINGTON – Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced today by SBA Administrator Karen G. Mills.
Beginning on June 15, SBA will start guaranteeing America’s Recovery Capital (ARC) loans. ARC loans are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing qualifying debt. ARC loans are interest-free to the borrower, 100 percent guaranteed by the SBA, and have no SBA fees associated with them.
“These ARC loans can provide the critical capital and support many small businesses need to make it through these tough economic times,” said Administrator Mills. “Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most. This will help viable small businesses continue to grow and thrive and create new jobs in communities across the country.”
As part of the Recovery Act, the ARC program was created as a no-interest, deferred payment loan to help small businesses that have a history of good performance, but as a result of the tough economy, are struggling to make debt payments.
ARC loans will be disbursed within a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. Repayment will not begin until 12 months after the final disbursement. Borrowers don’t have to pay interest on ARC loans. After the 12-month deferral period, borrowers will pay back the loan principal over a period of five years.
ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit www.sba.gov
You can receive all of the SBA’s News Releases via email. To subscribe, visit http://web.sba.gov/list and select “Press Office.
Release Date: May 18, 2009
Contact: David J. Hall (202) 205-6697
Release Number: 09-30
Internet Address: http://www.sba.gov/news
SBA Launches New 100-Percent Guarantee ARC Loan Program to Help Struggling Businesses
WASHINGTON – Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced today by SBA Administrator Karen G. Mills.
Beginning on June 15, SBA will start guaranteeing America’s Recovery Capital (ARC) loans. ARC loans are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing qualifying debt. ARC loans are interest-free to the borrower, 100 percent guaranteed by the SBA, and have no SBA fees associated with them.
“These ARC loans can provide the critical capital and support many small businesses need to make it through these tough economic times,” said Administrator Mills. “Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most. This will help viable small businesses continue to grow and thrive and create new jobs in communities across the country.”
As part of the Recovery Act, the ARC program was created as a no-interest, deferred payment loan to help small businesses that have a history of good performance, but as a result of the tough economy, are struggling to make debt payments.
ARC loans will be disbursed within a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. Repayment will not begin until 12 months after the final disbursement. Borrowers don’t have to pay interest on ARC loans. After the 12-month deferral period, borrowers will pay back the loan principal over a period of five years.
ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit www.sba.gov
You can receive all of the SBA’s News Releases via email. To subscribe, visit http://web.sba.gov/list and select “Press Office.
Saturday, June 27, 2009
Tax Credits
To see if your business is located in the Denver-specific tax credit zones, enter the address at Denver Office of Economic Development's Business Summary GIS.
Additional incentives on Metro Denver Economic Development Corporation's MetroDenverGIS
Enterprise Zone (EZ) State Tax Credits
Credits for a variety of activities such as creating new jobs, providing employee healthcare benefits, training employees, research and development, investing in capital, contributing in-kind or financial donations to an EZ certified non-profit , etc.; must be located within an EZ zone. For assistance with Denver's EZ zone, contact Denver's Business Assistance Center (720) 913-1715.
NMTC (New Market Tax Credits)
Use tax credits to raise equity for real estate investment; permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs).
Credits for a variety of activities such as creating new jobs, providing employee healthcare benefits, training employees, research and development, investing in capital, contributing in-kind or financial donations to an EZ certified non-profit , etc.; must be located within an EZ zone. For assistance with Denver's EZ zone, contact Denver's Business Assistance Center (720) 913-1715.
NMTC (New Market Tax Credits)
Use tax credits to raise equity for real estate investment; permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs).
Energy-related tax credits:
- Tax Deductions for Commercial Buildings: A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
- Various incentives for R&D, and energy production/conservation provided in H.R. 1424 (such as the Bicycle Commuter tax credit mentioned in U.S. News and World Report's blog.)
- Federal Tax Credits for Energy Efficiency
- Other tax credits (including ARRA and energy-related) from IRS information center
Additional incentives on Metro Denver Economic Development Corporation's MetroDenverGIS
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