DCI had our fourth webinar of the series covering various topics on the response to COVID-19 and how people can support each other while maintaining the CDC’s recommendation of social distancing. Thursday’s webinar included presentations from three DCI partners and members: Kim Woodworth, Operations Director of the Economic Development Council of Colorado (EDCC); Kimberlee Mckee, Executive Director of the Longmont DDA and Chelsea Rosty, Director of Business Innovation for the City of Montrose.
Kim Woodworth shared results and initial lessons from EDCC’s “COVID-19 Municipal and County Business Response and Recovery Survey”, which municipalities from across the state responded to. Kimberlee Mckee discussed Longmont’s COVID-19 Response Plan, and the actions taken by the city and local businesses to galvanize the community during the pandemic. Chelsea Rosty outlined the three-pronged approach that the City of Montrose is utilizing to support business in their community: cooperative marketing grants, a small business emergency loan fund, and a sales tax deferral program for small businesses. which focused on the emergency funding opportunities that are available for businesses during this time of COVID-19.
Kim Woodworth, Economic Development Council of Colorado-Kim Woodworth facilitates the Council’s daily operations, coordinates meetings for the EDCC Board and assists in committee’s work plans, marketing and communications, and event planning and coordination for EDCC’s Drive|Lead|Succeed Conference and bi-yearly Regional Economic Development Forums. Prior to joining the EDCC, Woodworth served as operations manager for the Metro Denver Economic Development Corp. Economic Development Council of Colorado Website
Kimberlee Mckee, Longmont DDA- Kimberlee McKee has been the Executive Director of the Longmont Downtown Development Authority since 2011. Prior to taking this position, she was the President of Downtown Akron Partnership, a Special Improvement District in Akron, Ohio. Through her experience in both a DDA and SID, she has worked with a diverse group of stakeholders and municipal leaders to develop projects, programs and events. Throughout her career she has specialized in strategic programs, marketing and event management. She has been working with the community to implement an Arts and Entertainment District in Longmont and they have been named a Colorado Creative District. Longmont DDA Website
Chelsea Rosty, City of Montrose- In her current role as Director of Business Innovation, Chelsea manages the city’s DART (Development and Revitalization Team) where historic preservation and local business vitality are primary focuses. Through DART, Chelsea handles the administration of the city’s business and workforce housing incentives program. Additionally, Chelsea oversees communication for the city. Chelsea has 13 years’ experience in marketing and community development with an emphasis in community engagement and the outdoor industry. City of Montrose Website
COVID-19 Municipal and County Business Response and Recovery Survey- This survey is based on 40 municipalities and counties in Colorado on their response to the COVID-19 pandemic. The results show that most businesses need flexible funding options rather than traditional loans, and there is still a lot of uncertainty on how long funding will be needed to bridge the COVID-19 induced revenue gap. The most impacted industries in Colorado, so far, are: tourism, retail, small businesses, personal care facilities and primary employers To see the full results of the survey in this link: Survey Results Presentation.
Advance Longmont 2.0 COVID-19 Response- Longmont’s Economic Partner Group is composed of local and regional partners who have worked to coordinate resources on the COVID-19 Business Resource Hub website to help give businesses a single place to find help during the pandemic. Longmont DDA has created slack channels and facebook groups for businesses to communicate directly with each other and share information in the rapidly changing economic landscape. Weekly group virtual meetings with retail, restaurant, breweries, and personal services have been started as well.
Longmont Social Media Campaigns
- Keep Downtown #Strongmont- On April 10th, Share your Longmont swag & spirit, favorite local businesses, memories, places, whatever #Strongmont means to you! For more information visit on the #Strongmont campaign visit the #Strongmont website.
- Downtown Strong Feature- Feature one Downtown Business each day. Other businesses support. Live online "business break" at 3 p.m.
City of Montrose Cooperative Marketing Grants- Montrose has developed a grant program for groups of two to three local businesses to create a joint marketing initiative. The City is offering $1,000 per approved applicant group toward marketing their business. Cooperative Marketing Grant website
City of Montrose Small Business Emergency Loan Fund- The City of Montrose is able to use funds from their now-defunct Downtown Development Authority’s tax increment financing fund to create a $300,000 loan program that is dedicated to providing small businesses with 0% loans and no repayment for at least 12 months. The loans of up to $5,000 per applicant are designed to assist businesses forced to close by state mandate or who have suffered significant financial loss due to COVID-19. City Montrose COVID-19 Business Resource website
City of Montrose Sales Tax Deferral for Montrose- This program allows businesses with less than $2 million in gross annual sales to have the option to delay city sales tax remittance for a 90-day period. The city estimates this move will keep approximately $3 million in the hands of area business owners who are trying to navigate through this difficult time. Sales Tax Deferment Information website
DCI’s Upcoming Event: Colorado Challenge Summit | April 14, 2020 | 1:30 - 4:30 PM
The Colorado Challenge Community Summit will be online due to the COVID-19 situation. Delegates from all over Colorado who are working to turn challenges to opportunities will convene during this virtual summit. We will gather ideas and feedback to ensure DCI continues to have the resources you need! REGISTER HERE