Tag: herman malone
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Denver to offer small business loans up to $350K from marijuana sales tax fund
Denver’s Economic Development and Opportunity Department is partnering with the nonprofit Colorado Enterprise Fund to make low-interest small business loans, in a program approved this week by the Denver City Council. “This program puts cash on the barrelhead and sends a clear message that if you want to do business in Denver, you’ll have the…
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Portion of Denver’s marijuana sales revenue to be used for supporting minority-owned businesses
The Herman Malone Fund, named for a longtime minority business activist, received a $15 million investment Monday. The $15 million is 1% of Denver’s cannabis sales tax revenue and increases city investment in woman and minority owned businesses. The Malone Fund by way of the sales tax is expected generate between $4 and $5 million annually according…