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Boulder Booming With Small Businesses

Couple with dog

Explore the wide range of opportunities available through city partnerships 

Don’t let the name fool you – small businesses are a big deal in Boulder. The city benefits greatly from its small business owners and entrepreneurs, and those benefits are returned in favor in a wide variety of ways.

Did you know … ?  

  • 95% of businesses in Boulder employ less than 50 people.
  • More than 80% of the city’s businesses have fewer than 20 employees.
  • Nationally, more than 50% of the populations owns or works for a small business.
  • The small business sector creates about two-thirds of new jobs in the United States each year.
  • A “small business” is widely considered to have fewer than 500 employees (according to the U.S. Small Business Association).

Following on the heels of National Small Business Week (May 5-11), the City of Boulder and partners shined the spotlight on the wealth of resources available to this integral sector of the community.

Boulder Small Business Development Center (SBDC): Offers free consulting, low-cost workshops and connections, helping entrepreneurs and small businesses succeed. Just last year, SBDC provided 602 businesses with over 2,900 hours of one-on-one consulting assistance.

Boulder Microloan Program: Provides loans to small businesses that may not qualify for financing through traditional sources. Last year, the program made 16 loans totaling $479,000 to Boulder area small businesses.

Boulder Chamber/Boulder Economic Council: Offers research and market information; business formation, relocation and expansion assistance; networking; workforce development and more.

There are also several city departments and projects focused on the success of Boulder’s small businesses. Community Vitality provides information and resource referrals for startups and growing businesses, offers incentive programs and coordinates with organizations that serve small businesses across Boulder. The library offers online classes, business databases and workspaces, including the BLDG 61 makerspace often used by entrepreneurs. The Climate + Sustainability Division helps businesses find innovative ways to achieve energy efficiency, waste reduction and other sustainability goals, and many other departments serve small businesses and/or source locally.

A successful and thriving small business sector benefits not just the Boulder community, but surrounding areas as well. For any budding entrepreneurs or those thinking about launching a business, Boulder is here to support that vision.

Visit bouldercolorado.gov/business/small-business-support to explore the wide range of opportunities available to small businesses in Boulder.

Check out this recent video about the Small Business Development Center