The Colorado Enterprise Fund has received a $776,500 grant to support its small-business lending and technical assistance programs statewide.
Colorado Enterprise Fund is among seven Colorado Community Development Financial Institutions (CDFI) to receive a grant from the U.S. Department of Treasury’s Community Development Financial Institutions Fund. Other recipients include Denver -based Mercy Loan Fund, Mile High Community Loan Fund and Triple Bottom Line Foundation, as well as Aurora-based Community Enterprises Development Services. Outside of Denver, First Nations Oweesta Corp. in Longmont and La Plata Homes Fund in Durango received awards.
“We are honored to receive this funding from the CDFI Fund again this year,” says Ceyl Prinster, president and CEO of Colorado Enterprise Fund. “This award will expand our ability to finance businesses that create quality jobs, enhance long-term economic vitality and expand community prosperity to insure more residents benefit from Colorado’s robust economic growth.”
Certified as a CDFI in 1996, the Colorado Enterprise Fund received its first CDFI Fund award of $275,000 in 1997 to increase capital access for small-business owners across Colorado. Since then, Colorado Enterprise Fund has been awarded nearly $10 million to continue that work and expand its focus to increase access to healthy foods and serve more communities of color and businesses located in persistent poverty counties.