Small businesses in Colorado get $100 million boost

Colorado secured $100 million in funding to create and retain jobs. Gov. Jared Polis made that announcement on Friday.

The money comes from the U.S. Treasury Department in the form of a state small business credit initiative.

The money will go to various groups including:

• Venture Capital Authority which helps businesses owners access venture capital
• Cash Collateral Support Program which helps small business lending
• Climber Fund which helps those businesses hit the hardest by the pandemic