Learn More about CDFI's and Small Business Resources in Colorado see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Colorado Enterprise Fund
Colorado Housing Enterprises, LLC
Funding Partners for Housing Solutions
Hospitality Fund I
Hospitality Fund II, LLC
La Plata Homes Fund, Inc.
Mercy Loan Fund
Zion United Credit Union
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.