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DEDO to move NEST under business development, pilot NRSA in La Alma Lincoln Park
Summary
DEDO said it will fold its NEST neighborhood work into business development to align resources and use CDBG/NRSA targeting; council members raised concerns about an 80% apparent reduction in NEST funding and asked for data on LMI and staffing.
The Denver Economic Development Opportunity told the City Council Finance & Business Committee that it will consolidate the NEST neighborhood function under business development to concentrate staff and funding and to better marshal Community Development Block Grant (CDBG) and other resources.
DEDO’s presenter said the consolidation is intended to remove internal walls between divisions and provide NEST teams with greater access to grants, lending and technical…
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