These are non-profit organizations that lend money to small businesses
1290_ 10/3/12 - We are talking about Jump Start 2012, with Paul Washington, Executive Director in the Office of Economic Development for the City and County of Denver. This is part 2 of this discussion. Paul said, "- In mid October during Denver Startup Week, OED will publish their capital matrix where we have identified all of the investors that have done business or provided capital to Denver based businesses over the last five year period. This matrix has over 100 capital sources, which will be a great tool for the small business community. That's at the venture capital level, angel capital and mezzanine, senior debt financing, it spans the whole gambit of the balance sheet. Additionally Denver OED will identify what they term as their 'big league gazelles'. These are the highest billed companies in Denver that we feel deserve special attention and focus. One of the things we've been learning at the VC roundtable, as well as trips to Silicon Valley, is that it's important for a region to celebrate the successes that have been had for venture backed companies." Paul spoke of a business lending program, but there is one other initiative that they are focused on, to be unveiled in early 2013. This program is called the CDFI Initiative. CDFI = Community Development Financial Institution. These are non-profit organizations that lend money to small businesses, many times when banks cannot. And banks are finding it increasingly harder to lend to the small business community because of the various regulations that have come out since the down turn in 2008 at the federal level...Listen for more details...
RELATED LINKS: Denver OED || JumpStart 2012 Denver || Greenprint Denver || Entrepreneurs || KEYWORDS: Paul Washington, Denver, Office of Economic Development, Jump Start 2012, Business Retention, Small Business Advocacy, Business Recruitment, Sustainable Neighborhood Development, Business Lending, Workforce Development, Key Strategic Projects, bytes=6260927
LISTEN TO: Paul Washington, Executive Director, OED, City & County Denver
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