Colorado Springs officials are looking into ways how the city's utilities can be used to improve economic development.
The Colorado Springs City Council notes that it's worth examination, but incentives to business should not be offered at the expense of ratepayers. The more rates get spread to more customers, the better the rates will be, according to Bill Cherrier, utilities chief financial officer. Utilities should be involved and it plays a role that really brings great benefit, not only to the community but to the customers.
Federal Programs Related to - Community Development, General/Other
Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones
Social investment arm of The Big Issue magazine, Big Issue Invest (BII), has loaned £75,000 to a Salford-based social enterprise, Social adVentures, to help it acquire a local day care nursery – Cheeky Monkeys.
How Utilities of Colorado Springs Be Utilized for Economic Development