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Tour de Steamboat organizers gave out nearly $50,000 to four local organizations Wednesday morning. This is the first year the annual summer bike ride has given the money locally, and the hope is the move will help the groups stimulate their own fundraising efforts while building the strength of the Tour.

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Tour de Steamboat divvies up nearly $50K in local grants

The Tour de Steamboat board officially handed out the funds raised during its annual summer event, and this year, it was a bit different as the board broke from tradition and doled out the money to local groups.

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