Boulder County, in partnership with local government and nonprofit partners, will administer a small business grant program to specific types of businesses in January 2021. Grant funding is coming from the State of Colorado. Awards will range up-to $7,000 as specified in Colorado Senate Bill 20B-001. The application website is open until Jan. 29. Successful grantees will receive their award on or before Sunday, Feb. 21.
The State has specified that eligible businesses are limited to the following types:
- Bars (including breweries, wineries, and distilleries)
- Movie Theaters
- Recreation Centers
Qualifications and Eligibility Criteria to be Considered for Grants (as determined by state legislation)
- Business must have been operating prior to March 26, 2020
- Business that started operations before Jan. 1, 2020 must have experienced at least a 20% reduction in revenue due to the COVID-19 pandemic in 2020
- Businesses that began operations after Jan. 1, 2020, but before March 26, 2020 do not have to meet the 20% revenue reduction criteria to be eligible
- Business must be in good standing with the State of Colorado
- Business must operate in Boulder County, including within any city or town and in unincorporated areas
- Business must be in compliance with public health orders
- ONLY restaurants, bars (including breweries, wineries, and distilleries), caterers, movie theaters, gyms, and recreation centers can apply
Small businesses that have applied for funding from the Colorado Arts Relief Program are NOT eligible to apply for this grant program.
Small businesses that received a grant from a previous round of Boulder County relief grants, any city or town relief grant program, the federal Paycheck Protection Program (PPP), or Economic Injury Disaster Loan (EIDL) program, or other relief program ARE eligible to apply.
Applicants will be required to provide the following information to confirm program eligibility:
- If in Operation in 2019
- 2019 Federal Business Tax Return
- 2019 Colorado State Tax Return
- 2020 Profit & Loss or Revenue Statement that covers the date the business began operating through Dec. 31, 2020
- If NOT in Operation in 2019
- Interim 2020 Profit & Loss Revenue Statement as proof of 2020 revenue loss if operation began before Jan. 1, 2020
- Valid government-issued identification of the applicant (drivers license, ID card, passport, etc.)
- Completed IRS Form W-9 for the applicant business
Funding for this program was provided by the General Assembly of the Governor during the special legislative session in December 2020. A total of $37 million was made available pursuant to SB 20B-001 that provides additional financial assistance to small businesses that state policymakers considered especially hard-hit by the COVID-19 pandemic.