The Colorado Economic Development Commission this week approved $50,000 in funding to help Estes Park Economic Development Corp. to operate its business incubator and accelerator program.
“They fill a very important niche” in the greater Estes Park area by “helping (to) local entrepreneurs get into the start-up system (and running) a really innovative accelerator program,” Office Manager Katharina Papenbrock economic development and international trade. office of rural opportunities, said during the EDC hearing on Wednesday.
The Estes Park Entrepreneurship Center, a division of EDC known as the E-Center, operates the Business Accelerator Services of Estes (BASE) program.
In partnership with Innosphere and the Larimer Small Business Development Center, the program connects entrepreneurs with mentors and resources to help them launch or grow their business.
As Estes Park’s business faces challenges such as the cost of living and an aging population, “whatever we can do to help the younger generation stay and provide them with housing, childcare children and a job that pays a living wage is a huge success for us,” Thomas Cox, EDC E-Center program manager at Estes Park, said.
This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.