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Downtown Development Authority announces to new grant opportunities

by Sandy Hancock on April 19th, 2022 in Business | 0 Comments

FOR IMMEDIATE RELEASE

April 19, 2022

Contact: Katie Frank, Economic Development Manager, 719-886-0088, kfrank@DowntownCS.com

Downtown Development Authority announces to new grant opportunities

                                                                                                                                                            

Colorado Springs, CO – The Colorado Springs Downtown Development Authority (DDA) has announced two new grants for businesses and properties located within the DDA boundaries.

Retail Incentive Grants are designed to diversify the mix of street-level businesses Downtown by fostering entrepreneurship and attracting new business types not currently offered. Applicants must be business owners new to Downtown or those expanding/relocating Downtown. Applicants must provide a new and in-demand retail, restaurant or service type not currently offered Downtown. This can include restaurants offering cuisines not common Downtown, wellness/fitness services not currently offered, and retail concepts that do not yet exist Downtown, with special emphasis on resident-serving business types.

Tree Canopy Grants are designed to supplement funds for properties within the DDA that contribute to creating a robust urban tree canopy. The greatest cost to providing trees in an urban environment is not the tree itself but the proper tree well and support system, which these grants aim to address. Trees are an important element of streetscape design that bring a vitality, vibrancy, and sense of well-being to the urban environment. Trees in an urban setting create a pedestrian friendly experience that: 

  • Removes pollutants from the air, soil, and water 
  • Reduces the urban heat island effect 
  • Provides shade-reducing greenhouse gas emissions, energy savings, and cooling sidewalks 
  • Provides natural filtration and capturing of rainwater supplementing stormwater practices and infrastructure 
  • Carbon sequestration and improved public and mental health 
  • Increases property value  

Full details can be found at www.DowntownCS.com/grants, or by contacting Downtown Partnership at 719-886-0088.

About the Downtown Development Authority

The Downtown Development Authority (DDA) is guided by a mission to build public and private investment partnerships that promote the physical and economic growth of Downtown Colorado Springs. The DDA was created in 2007 when Downtown property owners voted overwhelmingly to tax themselves to provide additional services and improvements in our city center and to help level the playing field on the higher costs of infill construction. The DDA is 120 city blocks, just over 1 square mile and less than 1 percent of the city’s land mass. For more information visit www.downtowncs.com, or contact Downtown Colorado Springs at 719.886.0088.


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