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Legislative session appropriates more than $220 million to power Colorado's economic recovery via OEDIT programming | Colorado Office of Economic Development and International Trade


 
Legislators also approved $25 million in supplemental funding for OEDIT to be used for the Strategic Fund and Advanced Industries - key economic tools for the State. The Strategic Fund supports and encourages new business development, business expansions and relocations that generate new jobs throughout the state. In some cases, the Strategic Fund may also provide support for initiatives led by non-profit entities pertaining to key industries or regional development. The Advanced Industries Accelerator Grant Program or the “AI program” accelerates economic growth through grants that improve and expand the development of seven advanced industries in Colorado. These industries include advanced manufacturing, aerospace, bioscience, electronics, energy and natural resources, infrastructure engineering, and technology and information. ....

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$8.6 million Advanced Industries Awards Accelerate 36 Colorado Start-ups | Colorado Office of Economic Development and International Trade


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DENVER – May 20, 2021 – A Colorado company with an innovative container system technology to help eliminate the spread of varroa mites and create optimal conditions in the winter for honeybees was among 36 Colorado start-ups approved for funding as part of the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program. A total of $8,567,756 was approved this grant cycle for Proof-of-Concept and Early Stage Capital and Retention Grants to support Colorado’s advanced industries.
“As Colorado begins its recovery from the economic impact of the COVID-19 pandemic, support of the economic engines that are the advanced industries is more important than ever,” said  Katie Woslager Senior Manager – Advanced Industries. “These projects expand the Colorado innovation ecosystem, creating jobs, expanding industries and driving investment into the state.  ....

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