Denver Direct: OMG, it’s the Denver Capital Matrix
Monday, October 22, 2012
OMG, it’s the Denver Capital Matrix
Ed note: When the bureaucrats don’t know what to do they always print up a “directory” for those not in the know. These quickly go out of date and become useless. Kudos however for working the word MATRIX into the name. It’s really just a list of 250 firms.
City of Denver Releases New Small Business Funding Directory
“Denver Capital Matrix” details funding sources for Denver entrepreneurs and small businesses
DENVER, CO — Monday, October 22, 2012 — Mayor Michael B. Hancock and the Denver Office of Economic Development (OED) Executive Director Paul Washington today announced the release of the Denver Capital Matrix, a new resource directory of funding sources for Denver small businesses and entrepreneurs.
“We heard the business community loud and clear when they said they need increased access to capital,” said Mayor Michael B. Hancock. “By compiling these resources, the city is helping to raise awareness about the different types and providers of financing available and to ultimately help spur our start-up and small business growth.”
The Denver Capital Matrix is one piece of the Hancock Administration’s Peak Enterprise initiative, a business toolkit to help small businesses and local companies compete and succeed in Denver.
The matrix identifies more than 250 funding sources, including traditional bank lending, venture capital firms, private equity firms, angel investors, mezzanine sources and others that have funded Colorado businesses. The matrix provides contact information and categorizes the investment focus of each listed organization.
“During Denver Startup Week, we’re proud to launch this new resource to help foster a stronger environment for our small business community,” said OED Executive Director Paul Washington. “Small business provides the greatest opportunity for job creation today. Our matrix is designed to help promising businesses to expand and thrive in Denver and in return help Denver deliver a diverse economy.”
Data sources for the Denver Capital Matrix include the National Venture Capital Association, S&P Capital IQ and the Colorado Bankers Association.
The Denver Office of Economic Development (OED) is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.
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