Pikes
Peak Regional Development Corporation (PPRDC) was formed in January,
1976, under the name of the Old Colorado City Development Company.
The organization originated through the cooperative efforts of the
City of Colorado Springs and business persons from the "Westside"
area of the city. Today, the organization is comprised of an independent
advisory Board, an Executive Director and support staff.
PPRDC
was originally formed to provide low interest loans to small businesses
located within a six block area of Colorado Springs' Westside. Since
that time, PPRDC has been certified by the U.S. Small Business Administration
to provide the 504 Loan Program. The Old Colorado City Historical
District stands as a national example of how public and private
funds can be combined to improve an area targeted for redevelopment.
PPRDC
has assisted several hundred small businesses over its history.
PPRDC has been instrumental in promoting local job creation and
redevelopment strategies throughout its service area. Currently,
PPRDC has funds available to assist small businesses through lending
sources referenced below:
-
SBA
504 Loan Program
-
El
Paso County Micro Enterprise Loan Program
To
enhance economic opportunity for all citizens in El Paso and Teller
Counties by providing financial assistance: to create and maintain
jobs; to promote start-up, survival, and growth of businesses; to
assist in redevelopment; and to diversify and strengthen the Counties'
economic base within the limits of the resources available to the
organization.
