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BUSINESS LINE E-EDITION
May 2017

Welcome to the first e-Edition of the Region 9 Business Line!  

The Business Line aims to inform the R9 community of the status of our initiatives, programs, activities and successes.  We hope to send out information quarterly, and welcome any story ideas or feedback you may have.  On behalf of Team 9, I invite you to send the Business Line along to those you think would benefit from our materials.

You have received this e-newsletter because of your involvement with our organization, and may unsubscribe at any time.

Thanks, and I look forward to hearing from you!

Laura Lewis Marchino
Executive Director

laura@scan.org

Loan Client Spotlight:
The Chip Peddler's
Recipe for Growth

Durango Snack Werks founder and Region 9 loan client Neil Hannum forges a new road to snack food success after bouncing back from a serious accident.

Above: Neil Hannum, 'The Chip Peddler,' on his favorite mode of transportation

Neil Hannum didn't have a cherished family recipe when he started producing Chip Peddler tortilla chips. Hannum was more interested in creating a locally-sourced product that does business in a responsible way.  But using local ingredients shouldn't limit a company's growth. Hannum knows a product is considered 'local' if it's sourced and packaged within a small geographic area.  But what if he could adhere to that model in several areas across the country?  He could explore and share the flavors of several regions instead of just one, and stay true to his founding principles.  He calls it the 'hyperlocal' concept, and says it's an emerging niche in the snackfood industry that could launch The Chip Peddler to the next level of growth.
Hannum was in a serious bicycle accident in 2016 that left him unable to run his business for several weeks.  Hannum says the support he and his family experienced during that time was incredible, including loan payment flexibility from Region 9.  His gratitude to the southwest Colorado community reinforces his commitment to investing in his local economy.  "Our region is so dependent on oil and gas, tourism and government jobs.  I wanted to support and grow our economy around a different industry."  That includes giving back to bicycling-based causes and keeping dollars as local as possible.  Find The Chip Peddler's tortilla chips at Durango-area retailers, both locations of Zia Taqueria, and on their website.
Region 9 updated retail data for each of our five southwest Colorado counties and found that Bayfield, Pagosa Springs and Durango are comparing positively to other communities their size, and that Cortez and Ignacio are also trending well.  

The Southwest Colorado Comprehensive Economic Development Strategy (CEDS) document has also been updated.  This document contains data about the overall health of our communities, identifying both positive and negative trends relating to population, infrastructure, county government and more.  The CEDS data is made available for use by local governments, community entities and respective economic development organizations to improve our economic conditions in the region.

Both documents can be found under the regional data tab at scan.org.

Meet Team 9!

Kaitlyn Randolph

San Juan County Recovery Coordinator
sanjuancoordinator@scan.org
Joined R9: January 2017

As SJC Recovery Coordinator, Kaitlyn helps support resiliency efforts to assist Silverton businesses successfully navigate the community's transition through the long-term Superfund cleanup.  

Region 9 to Administer $1.5M in Rural Business Loan Funds

Grant Will Create Jobs & Business Start Ups in 13 Colorado Regions
Above: Start-ups based in rural sections of Colorado such as Dolores County could receive loans from the new grant.

Region 9 Economic Development District has been chosen to administer $1.5 million dollars in rural business loan funds that will be distributed throughout the 13 rural regions of Colorado in the next two years. 

Based on the budgeted amount of $1.5 Million and an average loan size of $50,000, 28 loans will be made in rural Colorado.  Based on our proposal to create/retain one job per $15,000 loaned, at least 90 jobs will be created, equal to almost 360 jobs being created in our urban areas.  This number comes from the Colorado State Demographer that states on average, 1 job in rural Colorado has the same impact as 4 jobs in Denver and the Front Range.

The funds are a Grant from the Economic Development Commission (EDC) provided via the Office of Economic Development and International Trade (OEDIT) to support small business and start up lending around Colorado.  OEDIT provides loans to under-served and statewide small businesses in Colorado, particularly in the rural counties where Region 9 and the Partner Loan Funds have an established track record of collaboration and a delivery system in place. 

The regions’ Business Loan Fund Administrators meet twice a year to share best practices and work to move the economic success needle forward across the state.  The strength of this initiative stems from the BLF Administrators having a physical presence in the rural communities that they serve.

Visiting Productions Boost Local Economy
And the Region 9-supported Four Corners Film Office aims to keep it that way.
 
A feature film shooting on location in Silverton
photo courtesy: The Silverton Standard & Miner
The 4 Corners Film Office aims to bolster our local economy through the facilitation of talent and services for local and visiting film and multimedia productions.  The hiring of local crew and vendors, renting of local equipment, and usage of our scenic regional filming locations all contribute to the economic boost our area gets when a project is filmed here.  But we need your help to supplement our service directory and location gallery!

Do you have a skill useful in the production world?
From sound techs to actors, catering to hair & makeup, visiting productions need all sorts of services.  Make sure your free listing in the 4CFO Production Guide is up to date so everyone knows you're available for hire.
 
Do you own a scenic ranch or unique property?
The 4CFO receives frequent requests for specific landscapes or outbuildings where a scene or commercial can be shot.  These productions pay location fees for the use of these properties.  List your property in our free location gallery!
To sign up for the 4CFO Newsletter to stay in the know about production employment opportunities, Film Office mixers, workshops and events to get you connected to all the key players, go to 4cornersfilmoffice.org.
Region 9 Economic Development District of Southwest Colorado
970.247.9621 p
970.247.9513 f
295 Girard Street, Suite A
Durango, CO 81303
scan.org

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Region 9 Economic Development · 135 Burnett Dr. Unit 1 · Durango, Colorado 81301 · USA

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