Business Resources & Grant Programs
SBA Paycheck Protection Program
Beginning January 13, 2021, Second Draw applications will be accepted for the SBA Paycheck Protection Program. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations. To apply, businesses must have previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses, have no more than 300 employees, and demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
Restaurant & Bar Special Sales Tax Deduction
On November 25, 2020, Governor Polis announced that certain restaurants, bars, and mobile food vendors may be eligible for state sales tax relief. In special session, the General Assembly enacted House Bill 20B-1004, which permitted a limited special deduction from state taxable sales and allowed retailers to retain and spend the resulting state sales tax.
Colorado Winter Outdoor Grant
The Colorado Outdoor Winter Dining Grant Program assists Colorado-based restaurants that are experiencing financial hardship because of the Covid-19 crisis and state and local regulations limiting the number of customers in indoor spaces. Recipients must use the grant funds to purchase items needed to maintain outdoor dining spaces for patrons during colder weather.
Colorado Farm & Food Systems Respond & Rebuild Fund
The Colorado Farm & Food Systems Respond & Rebuild Fund has a third round of grants available, made possible by the Colorado Department of Agriculture. About $1 million is available for producers, processors, and intermediaries affected by the COVID-19 pandemic. Applications are open through Nov. 9, 2020.
Rural Theaters COVID-19 Support Initiative
Colorado’s Office of Film, Television and Media has partnered with the Boettcher Foundation, El Pomar Foundation, Gates Family Foundation, and The Colorado Educational and Cultural Facilities Authority to create the Rural Theater COVID Support Program. The grant program provides rural theaters with a vital source for economic relief for rent, mortgage and utility hardships suffered during the COVID-19 pandemic. The grant program is funded with $200,000 in Colorado philanthropic foundation funding matched with $200,000 from Colorado’s Economic Development Commission’s Strategic Fund. Applications are open through December 11, 2020.
Colorado Arts Relief Fund
The Colorado Arts Relief Fund for individuals will provide grants up to $2,500 designed to assist arts, culture, and entertainment artists and crew members who are experiencing income loss due to government-mandated closures and have been unable to generate meaningful income to replace income lost through the cancellation of events, classes, performances, and other related work.
General operating support grants to arts, culture, and entertainment businesses and organizations who operate under a business model in which ticket sales and/or physical foot traffic direct a significant portion of total annual revenue that has been financially affected by venue closures due to the pandemic are also eligible to apply.
CO POP Program for Local Landlords & Property Managers
Landlords can receive support to cover delinquent rent through the State of Colorado’s Property Owner Protection (POP) program. Many local landlords are taking advantage of this program, submitting brief paperwork each month and receiving regular batches of rent assistance from the state. Landlords can also apply for multiple months in arrears, if needed. The POP program is for residents with incomes up to 100% AMI and who reside in single family, multi-family or mobile home parks. It is not for subsidized units. Landlords can apply directly to DOLA and rent must be within the fair market rates listed on their site.
Energize Colorado Gap Fund
The Energize Colorado Gap Fund will provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance. The application is not currently available, it will launch this month and will be accessible through this web page. Application deadline extended until Wednesday, October 28 at 5 pm. Sign up here to receive updates about the Gap Fund.
Energize Colorado COVID Safety System and Certification program
This program is designed to help you take proactive measures to protect your business with the COVID Safety System and Certification program and COVID Check Colorado.
The COVID Safety System and Certification program was designed to help ensure that businesses, schools, and municipalities in Colorado follow CDC/state/local public health guidelines. With the safety system, you are able to protect your employees and customers, and importantly, this will help you to mitigate the liability exposure that you may be subjected to should an outbreak occur in your facility.
Eastern Colorado Small Business Loan Program
For business located in rural Weld County communities (with a population less than 50,000. ) Colorado Lending Source in partnership with ZOMALAB and the Gates Family Foundation have established the Eastern Colorado Small Business Loan Fund with the goal to protect jobs and invest in our communities in the short, medium, and long-term. This fund was created to offer affordable loans to rural Colorado businesses and non-profits in eastern Colorado affected by the COVID-19 crisis.
Upstate Colorado Revolving Loan Fund
This loan program partners with local banks to provide loans to companies in need of funding for expansion projects that require capital that supports investment in equipment and primary job creation.
This loan fund is administered by Upstate Colorado Economic Development. The RLF and was developed to assist businesses locating/expanding in rural Weld or Larimer Counties by providing short-term (5-7 years) “gap” financing of up to 45% of project costs up to $500,000. The business must be creating/retaining jobs.
Local Recovery Programs
Greeley Area Recovery Fund
Erie Small Business Emergency Relief Grant
Weld County Workforce Center
Employment Services of Weld County is a comprehensive workforce center which connects resources for employment, education, and training services. Employment Services of Weld County offers these services at the local, state, and national level.
To speak with a staff member, please use the below contact information: Business Services/Employer Support: 970-400-6714
Additional Workforce Resources:
As a response to COVID-19, onwardco.org has been launched by Bitwise Industries in direct collaboration with the Governor’s Office, state agencies, and community partners. This is a website that will connect people with services, funds and jobs during this crisis. By using the best and brightest of our state, we can all get through this together. Please visit the website and share with anyone who is struggling, or may need help.
East Colorado SBDC
The SBDC is here to help businesses who have been affected by recent disasters in Colorado including response to the current health crisis. Our consultants and partners including the SBA and the Colorado Office of Economic Development and International Trade provide services to assist with disaster loan applications, long term planning, insurance navigation, physical and economic loss estimations, business preparedness and more.
Recovery Information in Northern Colorado
The intent of NoCoRecovers.com is to provide a single source of up-to-date information on potential funding resources available to support the business community of Northern Colorado. The mission is to provide businesses streamlined access available resources and “peer” advice to develop their own response to the COVID-19 pandemic. Site information features: A marketplace for Northern Colorado small business safety gear, information on additional federal, state and local funding sources, downloadable collateral for the Keep “NoCo OPEN“ campaign as well as additional news updates.