The U.S. Small Business Administration announced Thursday it will move its district office out of Denver.
Under new leadership, the agency said it would relocate six regional offices “out of sanctuary cities,” to “less costly, more accessible locations that better serve the small business community and comply with federal immigration law.”
Denver doesn’t call itself a sanctuary city but its policies fit the commonly used definition.
Besides Denver, the other cities are Atlanta, Boston, Chicago, New York City and Seattle.
An agency spokesperson declined to say if an office will remain in Colorado or how many employees it has in Denver.
Last week, Republican U.S. Rep. Jeff Crank said he would welcome the agency in Colorado Springs, which is in his district.
“The short move to Colorado Springs would allow the SBA to comply with President Trump’s executive orders and (SBA’s new administrator Kelly Loeffler’s) Day One Memo while minimizing reduction in services or loss of personnel,” Crank said in his letter to Loeffler.
According to its 2024 annual performance report, the SBA had 1,770 full-time employees nationwide in fiscal year 2024, plus about 4,000 disaster-funded workers.
SBA has provided loans to thousands of small businesses nationwide, including nearly $15.1 billion for 200,000 loans to Colorado companies as part of the Paycheck Protection Program during the pandemic. About 16% of the loans were made to businesses in Denver.
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