The Larimer County in the state of Colorado has allocated $59,000 dollars for a variety of economic development programs.
The purpose of the economic development programs will be to expand jobs and the small business sector.
The Commissioners of the county approved the four programs that will expand the Larimer County.
Another Commissioner named Steve Johnson was not supportive of 3 programs but supported 1 program. The Director of the Workforce Center Joni Friedman elaborates on how the 4 programs will assist entrepreneurs and a variety of small businesses as the surrounding unemployed community is assisted with an increase of jobs in the Larimer County. When current and new businesses are expanded, the amount of jobs is also increased in a region.
The 4 economic development programs include:
- $22,000 dollars allocated towards the establishment of a program which will assist small businesses with data and research so that they can properly thrive in the Larimer County.
- $20,000 dollars will be utilized for a position with the Economic Development Corporation in Colorado. The position will involve assisting the small towns and attracting/managing investments.
- $12,000 dollars in Scholarships will be used to assist businesses and entrepreneurs who want to successfully launch products and ventures.
- $5,000 dollars will be given to the Workforce Summit. The Summit helps to identify skill shortages within companies and to properly train job seekers with establishing those particular skills.
The third Commissioner who did not support the majority of the programs pinpointed the benefits of allocating money to the Workforce Summit but did not see any advantage with the other programs. Commissioner Steve Johnson does not support allocating money towards programs in tough and stringent times. The other two Commissioners think the money will benefit the community in a positive manner.
Overall, the economic development program will help build up the struggling community of Larimer County.