Join the Conversation: Help Prioritize Denver's Economic Recovery Fund

Published on May 20, 2021

RISEWeb.png

Mayor Michael B. Hancock is inviting Denver residents to share their feedback online and through four tele-townhalls on priorities for investment in the city’s economic recovery.

The city is set to receive $308 million over the next two years from the American Rescue Plan Act and has proposed a $400 million General Obligation Bond to fund job-creating infrastructure projects. The combined $700M-plus in funding will support residents and industries hit hardest by the pandemic, revitalize businesses, create thousands of good-paying jobs and stimulate the economy through infrastructure and workforce development. The General Obligation bond will require City Council referral and voter approval.

“We intend to get our economy moving again, build back better and sustain this recovery, especially for those workers and businesses in sectors that will be foundational to our success in the wake of this pandemic,” Mayor Hancock said. “Engaging our residents to help determine what will be included in this package and where funding will be directed will help us to make the broadest impact across our city not just over the next several months, but for years into the future.”

“Residents know what resources will have the greatest impacts for them and their neighborhoods,” said Denver City Council President Stacie Gilmore. “We want to hear how the community, especially those hit hardest by the pandemic, would prioritize stimulus recovery dollars. It is crucial that we are intentional during this process about reaching and listening to diverse perspectives to achieve an equitable, long-term recovery plan.”

The economic recovery strategy focuses on community and business supports as well as infrastructure investments to build back Denver’s economy in a way that is equitable, sustainable, and supports communities most impacted by the pandemic.

“We know certain industries were hit harder than others, like construction, restaurants, hospitality, and tourism workforce,” said Chief Financial Officer Brendan Hanlon. “These same industries are major employers of people of color and women—who already face higher unemployment and lower job opportunities. We’re taking advantage of federal and state stimulus packages, but we’re also deploying our own through a General Obligation Bond to ensure a long-term and comprehensive recovery strategy.”

The General Obligation Bond would fund capital infrastructure projects across the city. For every $10 million spent on construction, 130 jobs are created resulting in $20 million in economic activity. The proposed $400 million bond is poised to support thousands of good paying jobs for workers up and down the supply chain.

Residents will be asked to weigh on infrastructure categories as well as business and community supports through quick polls, surveys, open forums, and telephone town halls. The tele-townhalls will be held on both weekdays and weekends during daytime and evening hours and in multiple languages to ensure all residents will have a voice in their economic recovery. Telephone townhalls will dial-out to households, but residents are encouraged to register ahead of time to receive a call.

Telephone Town Hall Dates:

  • Wednesday, May 26 at 9 a.m.
  • Thursday, June 3 at 6:30 p.m.
  • Saturday, June 5 at 9 a.m.
  • Sunday, June 6 at 11 a.m.

Residents can dial in to a meeting as well:

  • To join the telephone town hall in English, call 1-888-400-1932
  • To join the telephone town hall in Spanish, call 1-888-400-9342
  • Translation and interpretation options for Vietnamese and Amharic will be available as well through the engagement website.

 

The city will convene a diverse group of stakeholders to serve on a Stimulus Investment Advisory Committee. The committee will review public, agency, and City Council feedback, and use the community’s guidance to inform potential funding proposals. The General Obligation Bond will have an additional stakeholder committee which will use the public feedback to identify infrastructure projects that best meet the goals and desires of the community to create sustainable economic recovery.

To provide feedback and follow the progress, residents are encouraged to visit www.risetogetherdenver.org.

###

About RISE Denver

Rebuilding for an Inclusive and Sustainable Economy (RISE) is Mayor Michael B. Hancock’s plan to move our economy from the rescue to the recovery phase of the COVID-19 pandemic. The plan focuses on the economy, our unhoused and unsheltered neighbors, and overall community safety. Learn more at here.

 

Tagged as: