Last week, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded $595,654 in a CARES Act Recovery Assistance grant to Colorado State University (CSU) to launch the Planning and Technical Support to Diversify Colorado Economic Opportunities program. This EDA grant will be matched with $150,212 in local investment.

The project will deliver tailored assistance to the San Luis Valley, Northwest Mountains and Mesas, and Southern Colorado regions to increase business startup opportunities and create more resilient regional economies. CSU will provide roadmaps for communities to diversify their economies into sectors with strong potential for growth, help communities use market intelligence to refine their economic and community action plans, and provide a set of entrepreneurs to help local enterprises to start up or grow their networks. 

Read the full release.