Economic Development Funding Eligibility & Constraints
GrantID: 59990
Grant Funding Amount Low: $5,000
Deadline: Ongoing
Grant Amount High: $250,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Business & Commerce grants, Community/Economic Development grants, Employment, Labor & Training Workforce grants, Small Business grants.
Grant Overview
Building Data Systems for Informed Economic Development
This grant focuses on establishing data systems that streamline economic development efforts in Colorado communities. The funding is dedicated to the creation of centralized databases capable of gathering and analyzing data related to local business needs and economic opportunities. Funding does not support direct service delivery to consumers or non-data-related programming, ensuring that resources are solely allocated towards infrastructure establishing robust data frameworks.
For instance, a local economic development agency could apply for this funding to develop a data management system that consolidates information on local businesses, economic trends, and community needs. This data can be utilized to identify gaps in services or resources, allowing for more targeted economic initiatives. Additionally, a nonprofit focused on community revitalization might leverage funding to analyze demographic shifts and business growth patterns, improving their strategic planning and outreach.
Organizations that should apply for this grant include local governments, planning agencies, and economic development nonprofits dedicated to enhancing data accessibility. However, applications may not be well-suited from entities that primarily focus on immediate community services without a structured approach to data utilization for broader economic strategies.
In terms of alignment, organizations must articulate how their proposed data systems will facilitate improved decision-making and policy development in economic initiatives. The funding emphasizes the importance of collaboration between various local entities, encouraging an integrated approach to using data for economic development.
Eligible Regions
Interests
Eligible Requirements
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