SCAPE News

SCAPE receives $60,000 RBEG Grant

Region 9 receives $60K from USDA for SCAPE

The Region 9 Economic Development District of SW Colorado, Inc. has received a Rural Business Enterprise Grant (RBEG) through USDA for the Southwest Colorado Accelerator Program for Entrepreneurs (SCAPE).  Region 9 has been awarded $60 thousand dollars from USDA and is the only Colorado organization to receive RBEG funds in this fiscal 2014 cycle.

The grant funding will help support the SCAPE program which offers in-depth mentoring, office space and an equity investment to help new ventures enter markets and raise capital. Since beginning in 2013, the program has graduated 6 business ventures creating 8 jobs and leveraging $465,000 in investment. The program goal is to create and develop high growth, job creating companies in Southwest Colorado.

“SCAPE is an additional tool in the tool box that identifies the emerging businesses that need intensive mentoring and capital investment to put them on the growth company track,” said Laura Lewis Marchino, assistant director of Region 9.  “We greatly appreciate USDA Rural Development for their support of such an innovative project in a rural area.”