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Business Improvement Grant Program

Grants to Colorado Businesses for Capital
Investments in Eligible Communities

Agency Type:

Local

Funding Source:

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Town of Silverthorne

Deadline Date:

02/21/20 5:00 PM

Description:

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Grants of up to $10,000 to Colorado businesses for capital investment projects in eligible communities. Funding is intended to enhance the local business community. Funding is also intended to improve the exterior of individual businesses. Eligible projects should benefit the Silverthorne community.

The two-track program provides grants to businesses via a competitive application review process. 

  • Track 1: The Town will consider providing Site Enhancement Grants to businesses that wish to install traditional site improvements such as facade improvements, art installations, and other architectural upgrades. Eligible improvements include, but are not limited to:
    • Architectural Enhancements
    • Lighting
    • Landscaping and Parking Area Improvements
    • Signage
    • Art
  • Track 2: The Town will also consider Economic Development Grants to businesses that undertake capital investments (excluding working capital) that bring one or more of the following to Silverthorne:
    • Addition of jobs to the local economy 
    • A unique amenity
    • A regional draw
    • Addition of vitality to the Town Core or other commercial district
    • Diversification to the Town’s the economic base

Eligible uses of Economic Development Grants include, but are not limited to, new construction of building/fixed assets and building expansion.

New in 2020: For projects which provide a business-specific benefit that would not benefit the community beyond the life of the business (for instance, business signage or industry specific equipment), the Town may elect to provide grant funds in installments over a period up to four years. 

GrantWatch ID#:

GrantWatch ID#: 179772

Estimated Total Program Funding:

$40,000

Estimated Size of Grant:

Grants will be awarded in amounts up to $10,000; however, applications in excess of $10,000 may be considered for projects that provide exceptional benefit.

Term of Contract:

Site enhancement grants: Site improvement work must be completed within six months of approval, or an extension must be requested.

Economic development grants: Capital Investments must be completed within 6 months of approval, or an extension must be requested.

Additional Eligibility Criteria:

The two-track program provides grants to businesses.

For both grant types:
- All properties located in commercially zoned areas are eligible to apply. (Applicants must be in good standing with Town. Properties with outstanding code violations, delinquent sales taxes, or expired business licenses are not eligible to apply.)
- Grants are available to owner or tenant (if tenant, a minimum of two years must be remaining on lease, or an option to renew current lease, and written landowner permission must be provided.)

Specific guidelines for Site Enhancement Grants can be found at https://www.silverthorne.org/home/showdocument?id=8962#page=2.

Specific guidelines for Economic Development Grants can be found at https://www.silverthorne.org/home/showdocument?id=8962#page=3.

Pre-Application Information:

Timeline:
- Application Opens: Friday, January 3, 2020
- Application Deadline: Friday, February 21, 2020 at 5:00 p.m.
- Grant awards will be announced no later than April 1, 2020.

Applicants are encouraged to review their proposed projects with Town staff prior to application submission to gain an understanding of any Town codes that may be relevant to a particular project.

Grant requests that include matching funds from a business will generally be given preference in the review process as the Town values a shared investment in economic development projects.

Grant funds will be provided to a business upon completion of their project. Funding timing may be adjusted, for instance 50% up front and 50% upon completion, if specific project constraints warrant.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Completed applications can be sent to edac@silverthorne.org or:
Silverthorne Business Grant Program
PO Box 1309
Silverthorne CO, 80498

Applications may also be hand-delivered to Town Hall.

If you have questions regarding the Silverthorne Business Grant Program, please contact the Town Manager’s Office at 970-262-7305.

URL for Full Text (RFP):

Geographic Focus:

USA: Colorado: Silverthorne

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