The Trinidad Office of Economic Development is committed to offering support to local businesses, while attracting outside entrepreneurs and investors who are committed to providing needed services, products and employment opportunities to Trinidad and Las Animas County. Known historically as a "boom or bust" town with heavy reliance on the energy sector it is the mission of Trinidad's Office of Economic Development to diversify the economy with key sectors of focus being outdoor recreation and the creative industries with a strong focus on our historic and cultural assets. Through major projects like the new State Park at Fisher's Peak, the Space to Create, and the restoration of historic buildings on Main Street and Commercial Street, we are reestablishing Trinidad's identity, as a beautiful community with lots of opportunities for outdoor recreation and a strong entrepreneurial ecosystem. Trinidad is truly a land of opportunity for individuals and businesses of all sizes, and the city is quickly reclaiming it's position as the economic hub of Southeastern Colorado.
Economic Development Studies
To better identify key areas of economic development within the city, the City of Trinidad requisitioned a series of studies to pinpoint what issues need improvement, what industries are best suited for Trinidad's growth and what recommendations leading experts have for creating momentum in implementing these suggestions.
The City of Trinidad is committed to promoting economic growth, revitalization, and general community improvement using municipal planning tools, such as economic incentives and programs. To create a guiding framework for decisions regarding the use of public resources to stimulate economic activity, the City of Trinidad has established this policy to orient the consideration and use of economic incentives in a manner that is consistent with the City’s investment and provides an ongoing improvement of the quality of life for area residents and visitors.
Economic Development Programs
Space to Create Commons Business Development Incubator Program - The City of Trinidad Economic Development Department has created a business development program for new businesses that choose to locate within the Space to Create Commons. The program aims to assist new businesses in succeeding in their ventures by providing a progressive rental subsidy program that will offer free rent for a business during their first three months in operation and subsidized rent for the first two years.
A grant is money awarded to businesses, organization, or individual in need. Unlike loans, grants don't have to be paid off. The money is not being borrowed. There is no interest attached. Grants are GIVEN to businesses with no expectation of return if the predetermined obligations of the grant are met. However, in many cases grants require extensive reporting on how the funds were used and recipients may be asked to provide additional documents, presentations, and invoices verifying the grants level of success. Click here to see all available local, state, and federal grant opportunities available for business and organizations in Trinidad, Colorado.
These available business funds can be used for expansion-related expenses, including new equipment purchases, facility purchases or rentals, marketing initiatives, and other business activities. You also benefit from leveraging your loan amount if your company is already successful. A business loan, by definition, is money or a line of credit a business or individual gives to another business for its startup or operations. A business needs to pay back the loan, usually in installments.
Economic Development Newsletter
The Economic Development Newsletter aims to keep residents up to date on the latest News, Resources & Events in Trinidad, and Las Animas County. Each day, the Trinidad City leaders and staff work diligently to ensure a quality environment for the City's future. For more than 146 years, residents and businesses have been choosing the City of Trinidad because of its dedication to maintaining its reputation as one of the most beautiful, culturally & historically rich, business-friendly communities in the country.
To contact the Economic Development Director, please call 719-846-9843
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