|
|
File #:
|
23-496
Version:
1
|
Name:
|
|
|
Type:
|
Informational Report
|
Status:
|
Filed
|
|
On agenda:
|
|
Final action:
|
9/25/2023
|
|
Title:
|
Exponential Impact update on the impact of the Survive and Thrive and Accelerator programs
Presenter:
Vance Brown, Executive Director, Exponential Impact
|
Title
Exponential Impact update on the impact of the Survive and Thrive and Accelerator programs
Presenter:
Vance Brown, Executive Director, Exponential Impact
Body
Summary:
Exponential Impact’s Survive & Thrive Program began out of an acute need to support businesses that were struggling with the adverse effects of the COVID-19 pandemic. As financial first-responders, XI distributed $2.3 million in low-interest, non-recourse loans to 132 small businesses in Colorado Springs before any federal funding was disbursed, resulting in $156 million in economic impact.
In addition to access to funding, Survive & Thrive provided local businesses with access to programming, mentorship, and community. Since 2020, XI has completed another 2 iterations of the Survive & Thrive program which has had a significant and exponential impact on the City of Colorado Springs.
Background:
N/A
Previous Council Action:
N/A
Financial Implications:
N/A
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
N/A
Recommended Action
Proposed Motion:
N/A
Summary of Ordinance Language
N/A
|
The City of Colorado Springs is committed to making its websites accessible to the widest possible audience. We are constantly working to increase the accessibility and usability of our online technology. We strive to maintain conformance to Web Content Accessibility Guidelines (WCAG) 2.1 as well as U.S. Federal Government Section 508 Guidelines. The City of Colorado Springs will be evaluating this site on a regular basis, and it will continue to evolve and improve over time as new technologies emerge. Documents created by third parties may not meet all accessibility criteria. If you experience difficulty accessing the information contained within this webpage, please contact the Office of Accessibility at 719-385-5169.