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Rural Economic Development Initiative (REDI) Program

Grants to Colorado Government Agencies to Promote Job
Growth and Strengthen the Economy in Rural Communities

Agency Type:

State

Funding Source:

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Colorado Department of Local Affairs (DOLA)

Deadline Date:

05/21/21

Description:

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Grants to Colorado government agencies for economic development programs and development of organizational capacity in rural communities. Applicants must contact the funding source prior to submitting an application. Funding is intended to support plans, construction, programs, and capacity building that will create and retain jobs, either directly or indirectly.

Projects that will be funded include plans, construction, programs, and capacity building.

  • Job creation and retention - Both through direct and indirect means.
  • Capacity Building - Under special circumstances DOLA will consider funding local economic development capacity. Staff must be tied to a specific outcome, project, and timeline, which contributes to goals of job creation, business attraction/retention, and economic resilience. Communities will have to illustrate economic hardship and inability to fund staff within their budget.
  • Economic resilience - Economic resilience is the ability of a community’s economy and systems that support the economy to withstand disruption and thrive in the face of change.
  • Supports entrepreneurial ecosystems - Entrepreneurial ecosystems provide trainings, networking opportunities, and infrastructure to support local entrepreneurs.

All projects should be identified as a priority for the community within a comprehensive and holistic approach.

GrantWatch ID#:

GrantWatch ID#: 151148

Estimated Total Program Funding:

$780,000

Estimated Size of Grant:

In past cycles, REDI grants have ranged between $8,000 and $150,000. This is DOLA’s recommended funding range for applicants.

Term of Contract:

Awards will be made mid to late July 2021. Funds must be spent by June 30th, 2023.

Additional Eligibility Criteria:

- Rural communities, which are defined as a county with a population of less than 50,000 or a municipality with a population of less than 25,000.
- County or municipal governments as well as council of governments may apply with the following eligible entities as a partner:

- Intergovernmental agencies
- Housing authorities
- Economic development organizations
- Nonprofits
- Private employers
- Tribes

REDI funds cannot be used to support staff’s existing, ongoing work.

Pre-Application Information:

Submission Deadline: May 21st, 2021

Please contact your Regional Manager to discuss project development prior to submission.

Match for Capacity Building: 75/25 year 1; 50/50 year 2 grant/match

Match for Accelerator and Inccubator programs: 75/25 year 1; 50/50 year 2 grant/match

Match is required. DOLA’s Regional Managers will work with communities to determine the appropriate level of match based on financial data, typically resulting in 20% to 50% match.

REDI webinar video: https://drive.google.com/file/d/1sJbdXKsomz1i1a5hThP8YHS4is6aYhiS/view

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://dola.colorado.gov/grants_portal/

REDI Program Manager:
Kate Guibert
kate.guibert@state.co.us
720-822-7803

DOLA Regional Managers: https://cdola.colorado.gov/regional-managers

If you have any questions regarding the online application, please call (303) 864-7720 or email DLG at: dola_dlg_helpdesk@state.co.us

URL for Full Text (RFP):

Geographic Focus:

USA: Colorado

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