By SPARCC, October 2019
In the nonprofit world, it can take up to a year or more to get the money together to fund a program or development. So, when Jose Esparza, executive director of BuCu West Denver, a local economic development nonprofit, saw an opportunity to help a startup company expand in the predominantly blue-collar, Latino neighborhood of Westwood, he knew what he was up against.
A building had just become available that would be perfect for the growing bottling company, but he needed money to make an offer, and he needed to act fast.
Esparza turned to Mile High Connects, the lead organization for SPARCC Denver. Mile High Connects is a coalition of 23 philanthropic, nonprofit, and grassroots organizations in Denver that, through the SPARCC initiative, is able to offer funding and technical assistance to nonprofits. BuCu had received a $165,000 capital grant from SPARCC for a different project that was not yet under way, but Esparza wanted to divert that money for the bottling company building.
Comments (0)