What does DFAB mean in FUNDS
DFAB is an acronym for the Development Fund Advisory Board, a group created by the El Paso County to improve and develop economy in the region. The board is responsible for advising on economic development efforts related to housing, workforce development, and tourism. Its members are appointed by the county commissioners and include representatives from various sectors of the business community. DFAB meets regularly to discuss projects, strategies, and initiatives to support growth in El Paso County.
DFAB meaning in Funds in Business
DFAB mostly used in an acronym Funds in Category Business that means Development Fund Advisory Board (El Paso County, CO)
Shorthand: DFAB,
Full Form: Development Fund Advisory Board (El Paso County, CO)
For more information of "Development Fund Advisory Board (El Paso County, CO)", see the section below.
Benefits
The DFAB helps to create a strong economy in El Paso County through its research-driven strategic planning process. The Board also works with other organizations such as chambers of commerce, businesses, non-profits, and local government agencies to identify funding sources for various economic development proposals. By creating partnerships among different stakeholders, the DFAB increases efficiency while still providing transparent decision making processes. Additionally, DFAB provides objective evaluations of projects before they move forward, ensuring that only viable projects receive funding and resources.
Essential Questions and Answers on Development Fund Advisory Board (El Paso County, CO) in "BUSINESS»FUNDS"
What is the Development Fund Advisory Board?
The Development Fund Advisory Board (DFAB) is an El Paso County, Colorado board charged with making recommendations concerning the expenditure of funds from the county's Economic Development Fund. The board consists of seven members appointed by the Board of County Commissioners and representatives from various county departments. DFAB reviews grant applications and makes decisions regarding whether or not to award the grant funds.
What does DFAB do?
DFAB reviews applications for grants from the Economic Development Fund and makes recommendations to El Paso County Commissioners on how to allocate those funds. The board also works with applicants in developing their projects so they have greater likelihood of success. Additionally, DFAB provides guidance to applicants that are awarded funding throughout their project implementation process.
Who are the members of DFAB?
The board consists of seven members appointed by El Paso County commissioners as well as representatives from various county departments. Each board member is chosen for their knowledge, experience, and expertise in economic development-related fields such as community development, business ownership, finance, urban planning, agriculture, tourism development and more.
How often does DFAB meet?
DFAB generally meets monthly at its regularly scheduled meetings on Thursdays at 4pm at Centennial Hall located at 200 S Cascade Ave in Colorado Springs, CO 80903 unless otherwise noted on its meeting notice agenda (which can be found online).
How can I apply for a grant form the Economic Development Fund?
In order to apply for a grant from El Paso County’s Economic Development Fund you must first complete a Pre-qualification Form which can be found on our website and submit it along with any relevant supporting documents as required by said form before applying for a grant application through our web portal available online. After completing the application process you will then need to appear before DFAB during one of its regularly scheduled meetings in order to discuss your proposal further with them and other stakeholders.
Is there a fee associated with submitting an application for a grant from the Economic Development Fund?
No! There is no fee associated with submitting an application or appearing before DFAB at one of its meetings. All services related to applying for grants are free-of-charge thanks to generous funding provided by El Paso County taxpayers.
Can I get assistance if I need help completing my application?
Absolutely! You may reach out to an expert at DFAB who will be able to provide assistance throughout your entire application process including helping you fill out all necessary forms, providing guidance on ensuring that your project has maximum chance of success if funded and more! You may also attend one of our free pre-application workshops held prior to each meeting which provides helpful tips on how best prepare your application package prior submission!
Are projects outside El Paso County eligible for funding through these grants?
Grants received through this program must be used within El Paso County only and priority is given those projects that enhance economic development activities within county boundaries but may also include non-county locations as long as those locations are closely tied or linked in some way to activities that directly benefit El Paso residents or businesses based in El Paso Country.
Final Words:
The Development Fund Advisory Board (DFAB) is an important part of the El Paso County's economic development strategy. By connecting public and private organizations together and facilitating sound investments in economically beneficial ventures, DFAB supports continued growth in El Paso County. Through this collaborative effort between stakeholders across industries and regions within the county, DFAB provides an important foundation for strengthening the local economy.