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File #: 21-1289    Version: 1
Type: Bill Status: Passed
File created: 10/22/2021 In control: Finance & Governance Committee
On agenda: 11/22/2021 Final action: 11/22/2021
Title: A bill for an ordinance establishing a new Fund in the Economic Opportunity Special Revenue Fund Series for the "Denver Small Business Investment" program. Establishes the "Denver Small Business Investment" Special Revenue Fund in the Economic Opportunity Special Revenue Fund Series to support programs that bolster small businesses located within the City and County of Denver. The Committee approved filing this item at its meeting on 11-2-21.
Indexes: Zach Rothmier
Attachments: 1. BR21 1289 DOF LB Companion_DEDO_Small Business Investment SRF, 2. Summary of BMO's Bill Requests, 3. CB21-1289_DOF_LB Companion DEDO_Small Bus Inv SRF, 4. 21-1289 Filed Bill_DOF_LB Companion DEDO_Small Bus Inv SRF, 5. 21-1289 - signed, 6. 21-1289 For an ordinance establishing a new Fund in the Economic Opportunity
Finance Item/Grant Request Template

Date Submitted: 10-22-21

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Rachel Bardin
Email: Rachel.Bardin@denvergov.org

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance establishing a new Fund in the Economic Opportunity Special Revenue Fund Series for the "Denver Small Business Investment" program.
Establishes the "Denver Small Business Investment" Special Revenue Fund in the Economic Opportunity Special Revenue Fund Series to support programs that bolster small businesses located within the City and County of Denver. The Committee approved filing this item at its meeting on 11-2-21.
body

Affected Council District(s) or citywide? Citywide

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
This bill request establishes the "Denver Small Business Investment" Special Revenue Fund, number 17805, in the Economic Opportunity Special Revenue Fund Series. This Fund will bolster small businesses located within the City and County of Denver through various investment programs, including but not limited to loans and other investment products, grants, outreach, and technical assistance. It will also support technical business assistance specific to Cannabis Social Equity applicants.

Denver Economic Development & Opportunity will serve as the expending authority for this new fund. The Fund will be appropriated and non-lapsing. It is...

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