City and County of Denver - Denver Economic Development and Opportunity (DEDO)
08/05/22 5:00 PM MST
Grants and in-kind technical assistance to Colorado businesses in eligible locations to support Coronavirus (COVID-19) recovery and promote future resilience. Funding is intended to assist local small businesses that have been impacted by the pandemic. Businesses may receive stabilization grants, activation grants, anti-displacement grants, and technical support through the program. Requests will be accepted from qualifying applicants located in the City and County of Denver.
Small businesses need support, technical assistance, and tools to support their recovery from the COVID-19 pandemic, and to withstand future economic shocks. Recognizing this, Denver is implementing the Business Impact Opportunity Fund, a program that provides strong and efficient support to small businesses as they work on bouncing back from the economic strife caused by the public health crisis.
This program is designed to address specific challenges faced by small businesses that have been negatively impacted by the COVID-19 public health crisis and who, as a result, often more severely experience these challenges and systemic barriers. These challenges include:
The following are the types of grants the program provides.
Mitigate specific operating challenges exacerbated by the pandemic, such as depletion of cash reserves, loss of customers due to COVID precautions, continued supply chain and staffing issues.
Establish/renew leases (for a minimum of 12 months) in specific, designated commercial corridors where business closures (resulting from the pandemic) have produced vacancies, service gaps and/or conditions of blight. Under this grant category, existing and new businesses located in the designated commercial corridors may seek financial assistance for eligible expenses, such as security measures and equipment to provide building and surrounding security.
Note: If awarded, eligible activities such as establishing/renewing a lease or purchasing and installing security equipment/measures must be planned to occur after May 16, 2022 and within 180 days of receipt of grant. Disbursement of this grant for purposes of security equipment/measures will be on a reimbursement basis to the business upon providing supporting documentation evidencing eligible expenses.
Alleviate revenue losses resulting from publicly funded construction projects or partial relocation assistance in cases where a business has no option but to relocate as a result of impending new development.
Note: Disbursement of this grant for the purpose of relocation will be on a reimbursement basis to the business upon providing supporting documentation evidencing eligible expenses.
The program's technical assistance will include the following components:
GrantWatch ID#: 187434
The Business Impact Opportunity Fund will provide assistance to small businesses through a combination of grants and technical assistance. Regardless of the grant category selected by and awarded to the business, the grant amount is the same for each category and is based on the annual gross revenue tier.
- $7,500 for businesses with annual gross revenue equal or less than $100,000
- $15,000 for businesses with annual gross revenue equal or greater than $100,001
Applicants may apply for a one-time grant.
Activation Grants: Eligible activities such as establishing/renewing a lease or purchasing and installing security equipment/measures must be planned to occur after May 16, 2022 and within 180 days of receipt of grant.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
To apply online: https://webportalapp.com/sp/login/2022_arpa_fund_application_round2
For questions and application assistance, contact:
USA: Colorado: City and County of Denver
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