Favorite

Manitou Springs launches local business support program 

click to enlarge Natalie Johnson (circa 2015), director of the Manitou Springs Creative District. - COURTESY NATALIE JOHNSON
  • Courtesy Natalie Johnson
  • Natalie Johnson (circa 2015), director of the Manitou Springs Creative District.

A new program is on the way to help Manitou Springs businesses stay open until tourism season replenishes their coffers. At 5 p.m. March 22 at City Hall, 606 Manitou Ave., promoters will launch a revolving loan fund that will make loans of up to $10,000 to Manitou businesses.

While Manitou shops have survived fires, floods and the Great Recession, a year of constant upheaval caused by assorted construction has taken its toll, says Natalie Johnson, director of the Manitou Springs Creative District.

"It's streets, a bridge, underground utilities," Johnson says. "We've had 11 construction projects in the space of the last year."

Two businesses, she says, had to sell but remained open because the buyers continued those businesses. "So we haven't lost anyone yet," she says. But Johnson says Manitou businesses that normally set aside "a little extra" from the summer tourism season to pad the slow winter are falling short.

So far, $55,000 is available via the city, Manitou Chamber and the Manitou Urban Renewal Authority. More help is being sought from others. Also involved in the project are the Pikes Peak Bulletin (the Indy's sister paper), Vectra Bank, Accion and community members.


Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Latest in Local News

All content © Copyright 2018, The Colorado Springs Independent

Website powered by Foundation