2 results for “cannabis tax” · proposal
26-0529: A resolution approving a proposed Agreement between the City and County of Denver and Colorado Enterprise Fund, Inc., to fund the Business Investments, Loans and Development Denver Program that will provide affordable loans, grant funding, and business coaching to small businesses seeking to start, restart, restructure, improve upon or grow in their endeavors who have traditionally lacked access to capital markets, citywide.
Approves a contract with Colorado Enterprise Fund, Inc. for up to $9,000,000.00 from the Herman Malone Fund (not exceed $3 Million per program year nor the amount of sales tax dollars collected from cannabis sales in Denver and committed to this Agreement) with an end date of 4-30-2029 to fund the Business Investments, Loans and Development Denver Program (BUILD Denver Program) that will provide affordable loans, grant funding, and business coaching (focused on capital readiness) to small businesses seeking to start, restart, restructure, improve upon or grow in their endeavors who have traditionally lacked access to capital markets, citywide (OEDEV-202582811). The last regularly scheduled Council meeting within the 30-day review period is on 5-18-2026. The Committee approved filing this item at its meeting on 4-21-2026.
0897-2026: To authorize the Director of Development to execute grant agreements with numerous not-for-profit, social service agencies in an amount up to $9,775,000.00 for the Elevate!All Program; to authorize the expenditure of funds prior to the establishment of the purchase order beginning January 1, 2026 through December 31, 2026; to authorize food and or non-alocholic beverages expenditures as part of the standard operating costs for some of these non-profit organizations; to authorize the advancement of funds on a pre-determined schedule during the term of the agreement; to authorize the transfer between object classes in an amount up to $3,701,000.00 and the expenditure in an amount up to $3,475,000.00 within the Hotel Motel Tax Fund, to authorize the expenditure in an amount up to $6,300,000.00 within the Cannabis Host Community Special Revenue Fund; and declare an emergency. ($9,775,000.00)