Unlocking Federal and State Resources for Your Small Business | Online Event with Governor Jared Polis

01/28/2021 12:54 PM | Morgan Pierce (Administrator)

On Monday, January 25th Governor Jared Polis and the Colorado Office of Economic Development and International Trade (OEDIT) hosted a Support For Colorado Small Businesses meeting to share the current and future federal and state resources available to small businesses. We heard from theSmall Business Administration about PPP funds, shuttered venues operating grants, and economic injury disaster loans. We also heard from theDepartment of Local Affairs regarding their state small business relief program and from Colorado Small Business Development Center regarding their COVID relief technical assistance program.

Small Business Administration Federal Relief Programs

  • SBA Core Program Temporary Incentives 

  • SBA Debt Relief Continuation

  • Economic Inquiry Disaster Loan (EIDL) Programs

  • Shuttered Venues Operator Grant

  • Paycheck Protection Program (PPP)

Click here to visit the Small Business Administration COVID relief website 

State Small Business Relief Program - Department of Local Affairs (DOLA)

  • Businesses in 32 counties are eligible based on COVID restrictions

  • Restaurants, Bars, Caterers, Movie Theaters and Gyms/Recreation Centers are eligible

  • Businesses must be headquartered in Colorado with at least one employee

  • Show a 20% decline in revenue due to capacity restrictions

  • These funds are grants that are not expected to be repaid

    • Businesses that have revenue less than $500,000 = eligible for $3,500 in grant money

    • Businesses that have revenue between $500,000 & 1 million = eligible for $5,000 in grant money

    • Businesses that have revenue between 1 million and 2.5 million = eligible for $7,000 in grant money

  • Apply directly to your local government 

Click here to visit the Department of Local Affairs (DOLA) website

Colorado Small Business Development Center 

  • 15 centers located across Colorado

  • They offer services in many different languages

  • Free COVID relief technical assistance

    • Virtual consulting and workshops

    • Business assessments

    • Technical assistance for federal and state COVID relief loan and grant applications

Click here to visit the Colorado Small Business Development Center website

Watch the video recording here!

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