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6:30PM Economic Development Commission (EdComm) Meeting @ City Hall Council Chambers

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Small Business Grant Program

They will discuss a new Small Business Grant Program. As agreed at their last meeting, there will be three criteria for the grant: a $5,000 matching limit, a required question on employee count, and a justification from the business on why they are requesting the grant.

According to the memo, staff has begun contacting Golden small businesses and will continue as follows:

  • Staff intends to email all businesses notifying them of the grant opportunity this week.
  • Staff will also hold in person meetings to promote the grant and receive feedback from the business community through the second half of April.
  • The initial date to begin accepting applications is May 1st with a closing date of June 30th. The grant applications can then be reviewed by staff and brought to the Commission for the July 10th EDCOMM meeting.

Tax Revenues

They will review the December 2024 and January 2025 sales, use, and lodging tax reports, which report the following comparisons to the same month in the previous year:

December 2024

  • Sales tax collections increased 5.98%
  • Use tax collections decreased 26.51%
  • Lodging tax collections decreased 23.9%

January 2025

  • Sales tax collections increased 1.09%
  • Use tax collections decreased 10.81%
  • Lodging tax collections decreased 30.99%

Note: year-over-year comparisons aren't yet available for marijuana taxes, since the stores were just opening last year, but here are the totals for December and January:

  • December MJ tax collected: $46,053
  • January MJ tax collected: $44,370.

More information

Location:

City Hall Council Chambers
911 10th Street   (Map)

When:

6:30PM on Thursday, Mar. 13th

Highlights