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Governor’s Office of Economic Development & International Trade

Governor’s Office of Economic Development & International Trade. Creative Placemaking in Rural Communities. Rural Creating Placemaking Initiatives. Grants with (NEA, State, Private Philanthropy) Change Leader Training (State) Creative Opportunity Counties (NEA, State)

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Governor’s Office of Economic Development & International Trade

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  1. Governor’s Office of Economic Development & International Trade Creative Placemaking in Rural Communities

  2. Rural Creating Placemaking Initiatives • Grants with (NEA, State, Private Philanthropy) • Change Leader Training (State) • Creative Opportunity Counties (NEA, State) • Creative Districts (NEA, State & Local Government, Private Philanthropy) • Creative District Community Loan Fund (State & CDFI) • Space to Create (Local, State, Federal, Philanthropy, Private Investors) • Rural Philanthropy Days (Philanthropic Partners, State & Community Foundations)

  3. Trinidad’s Story in 2012 • Population declined from 30,000 to 9,400 • 20+ years of City budget shortfalls • Loss of mining and extractive industry jobs • Recurring turnover in elected leadership • Young people leave and don’t return • Aging population and infrastructure • Abandoned and blighted buildings

  4. Groundwork between 2013-2016 • Historic Building Analysis (History Colorado) • Downtown Retail Uses & Leakage Assessment (Downtown Colorado Inc.) • Formalized Creative District & Main Street strategies (State agencies) • Updated building codes (Local Government) • Activated Urban Renewal Authority (Local) • Enacted anti-blight ordinance (Local) • Retail cannabis sales approved (State, Local) • Selected as “Demonstration” project for Space to Create

  5. Trinidad’s Success 2012 * Commercial Building Investment $1.2 M • Lodging Tax Collections $150K • Vacancy Rate in Downtown 63% • Commercial Real Estate Trans. 6 sales • General Fund Revenue No growth • Declining population • Abandoned buildings • Blight Today • Commercial Building Investment $37m • Lodging Tax Collections $554K • Vacancy Rate in Downtown 13% • Commercial Real Estate Trans. 42 sales • General Fund Revenue $4.8M increase • New signature events 3 • Acquisition of Fisher’s Peak/state park designation (19,000 acres) $25.4M • Population increase/creative sector attraction • Space to Create demonstration project • Restoration and re-use of historic buildings

  6. Space to Create • Stimulate community & economic development in rural & small towns/9 regions • Affordable live/work, community, retail and commercial space • Partnership among state agencies: Economic Development, CCI, Dept of Local Affairs, Housing, History Colorado • Partnership with philanthropy: Boettcher, Gates, El Pomar and community foundations • First state-led initiative for live/work spaces for creative sector in rural areas • Trinidad: 41 units of live/work space, 20,000s.f. community & retail space ($18M) • Ridgway: 26 units of live/work space, 3000s.f. community space ($10M) • Paonia: Completed Feasibility & Market Studies, assessing project scope • Grand Lake: Completed Feasibility& Market Studies

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