Dennis Apuan

 
FOR IMMEDIATE RELEASE
Wednesday, October 14, 2009

For more information:
Abigail Vacanti (303) 866-4882
Jack Wylie (303) 866-3005
Katie Reinisch (303)866-2774

COLORADO
MAJORITY COMMUNICATIONS
STATE CAPITOL

SEN. MORSE, REP. APUAN CONGRATULATE
1ST CO SPRINGS BUSINESSES TO GET LOANS

DENVER Today, Colorado Springs legislators Senator John Morse (D) and Rep. Dennis Apuan (D) congratulate the first 5 Colorado Springs businesses to obtain a loan thanks to the Colorado Credit Reserve Program. Governor Bill Ritter personally congratulated these businesses at Terry's Art Boulder Street Gallery in Colorado Springs. In addition, the owners of four other Colorado Springs businesses that received CCR loans took part in the event:

· Dirt Doctor Enterprises, Colorado Springs (Service/Cleaning)

· The Mail Solutions, Colorado Springs (Service/Mail Store)

· Maintenance Done Right, Colorado Springs (Service/Maintenance)

· P.E.A.C.E. Productions, Colorado Springs (Retail/Service)

I'm so proud of these Colorado Springs businesses, said Senator John Morse (D-Colorado Springs).  These loans prove that their hard work is creating jobs, and contributing to our economy and our community. They have shown that Colorado Springs is the best place to live and build a business.

"These micro-loans provide a needed jump-start for the economy of Colorado Springs. They will help our local businesses expand, meet payroll, and create jobs in a time when small businesses desperately need access to capital. Colorado Springs is grateful for the helping hand that's not a hand-out, said Rep. Dennis Apuan (D-Colorado Springs).

The Colorado Credit Reserve Program, SB 67, was sponsored by Sen. Rollie Heath (D-Boulder) and Rep. Sarah Gagliardi (D- Arvada). The revised CCR Program passed last session will leverage $2.5 million in public funds into $50 million in loans for an estimated 250 businesses. Loans will range from micro-loans of a few thousand dollars up to a maximum of $500,000.

The first 23 loans in the Colorado Credit Reserve Program were made last month totaling $404,917. Of the 23 businesses, 17 are women- or minority-owned businesses. Last month, the Governor visited Desert Ceramics in Aurora, which is receiving a $20,595 loan.

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