The Rural Economic Development Initiative (REDI) program is designed to help rural communities comprehensively diversify their local economy and create a more resilient Colorado.
Donor Name: Colorado Department of Local Affairs
State: Colorado
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/21/2022
Size of the Grant: $150,000
Details:
Funding
- $780,000 in funds available for this cycle.
- Applications should not exceed $150,000.
- Funds must be spent by June 30th, 2024.
- Awards will be made by early July 2022.
Types of Eligible Projects
Projects that will be funded include plans, construction, programs, and capacity building. All applications must create and retain jobs, either direct or indirect.
- Job creation and retention
- Both through direct and indirect means.
- Capacity building
- Under special circumstances, DOLA will consider funding local economic development capacity. Staff must be tied to a specific outcome, project, and timeline, which contributes to goals of job creation, business attraction/retention, and economic resilience.
- Economic resilience
- Economic resilience is the ability of a community’s economy and systems that support the economy to withstand disruption and thrive in the face of change.
- Supports entrepreneurial ecosystems
- Entrepreneurial ecosystems provide trainings, networking opportunities, and infrastructure to support local entrepreneurs.
Eligibility Criteria
Rural communities, which are defined as a county with a population of less than 50,000 or a municipality with a population of less than 25,000.
County or municipal governments as well as council of governments may apply with the following eligible entities as a partner:
- Intergovernmental agencies
- Housing authorities
- Economic development organizations
- Nonprofits
- Private employers
- Tribes
For more information, visit Rural Economic Development Initiative Grant.
