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The Larimer County Small Business Development Center is entering 2013 with less money than it would have liked, and without its director, whose resignation will become effective Jan. 25.
The Fort Collins Economic Health Office hoped to earmark $50,000 in city funds for the SBDC in 2013 and another $75,000 in 2014. But the money was not set aside in the final budget.
Fort Collins is the only one of Northern Colorado's largest cities not to provide funding to its local SBDC.
The SBDC is otherwise funded mainly through two sources. First, the organization receives a grant through the federal Small Business Administration. Second, every SBDC in the state must have a "sponsor" that matches the SBA's grant money.
The Larimer County SBDC is sponsored by Front Range Community College and in 2013 will operate under a budget of just under $162,000, according to SBDC Director Deborah Moeck, who tendered her resignation earlier this month.
The dollars...