Oak Creek businesses eligible for grant funding | SteamboatToday.com

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Oak Creek businesses eligible for grant funding

— The town of Oak Creek is one of 35 rural communities in Colorado eligible for $1.7 million in grant funding from the Rural Economic Development Initiative program.

The REDI program is part of the Department of Local Affairs and the Colorado Office of Economic Development and International Trade and "is designed to help create diversity and resiliency in the local economy," according to a news release.

Oak Creek businesses interested in grant funding for facility projects that will create jobs should contact Jane Blackstone, economic development director for the Steamboat Springs Chamber Resort Association, by May 16 at 970-846-8011 or jane@steamboatchamber.com.

The REDI program is designed to encourage "job creation and capital investment in rural communities that are dependent on a single large employer, a state corrections facility or a single dominant at-risk industry," the release states.

According to the release, REDI grants can be used for facility development and workforce training but not for equipment purchases, operating funds or marketing. Public and private can apply.

Facility projects must be associated with new jobs and bring in money from outside the local economy to be eligible.

Proposed projects also will be evaluated for their ability to "create diversity and resiliency in the local economy and the level of community economic hardship," the release states.

"For Oak Creek and many other communities, economic development is synonymous with community development," Oak Creek Town Administrator Mary Alice Page-Allen said in the release. "The REDI grant program has the potential to stimulate business investment, job creation and associated community benefits."

To reach Michael Schrantz, call 970-871-4206, email mschrantz@SteamboatToday.com or follow him on Twitter @MLSchrantz