ACCESS TO CAPITAL & OTHER RECOVERY PROGRAMS
OEDIT - Good Business Colorado
OCTOBER 25, 2021
Leslie Hylton, Director of Government Affairs
leslie.hylton@state.co.us
Navigating OEDIT Resources
Arts Relief &
Community Revitalization
Colorado Arts Relief Grant - https://oedit.colorado.gov/colorado-arts-relief-grant
Applications open until November 2, 2021.
This program provides $15.5 million in a second round of funding to support arts, cultural and entertainment artists, crew members, and organizations affected by the COVID-19 pandemic.
Colorado Community Revitalization Grant - https://oedit.colorado.gov/colorado-community-revitalization-grant
Application open until EOY 2022.
This program provides $64 million in gap funding for mixed use projects in creative districts, historic districts, main streets or neighborhood commercial centers that advance creative industries and local creative sector jobs.
Contact: Margaret Hunt, margaret.hunt@state.co.us; 303.892.3870
Meeting & Events Incentive
Applications now open -- promotional video, toolkit
The Meeting and Events Incentive provides a 10% cash rebate against eligible hard costs for hosting meetings and events in Colorado that take place between July 1, 2021 and December 31, 2022. The minimum rebate is $3,500 and the maximum rebate is $100,000. The program’s goal is to increase tourism industry recovery by incentivizing meeting and event planners to:
https://www.destinationcolorado.com/coloradomeetingincentive/
Contact: Tim Wolfe, tim.wolfe@state.co.us; 720.788.5227
Business Foundations Technical Assistance Program
Applications now open (and ongoing) - https://oedit.colorado.gov/business-foundations-technical-assistance-program
This program provides technical assistance and support to businesses with 19 or fewer employees. The Small Business Development Centers are administering the program and developing multiple rounds (access to capital, marketing, and financial), which will be paired up with the Start-Up Loan fund.
Round 1 provides 50 $1,2000 grants for clients to use to establish a formal legal entity after the completion of a the program.
Contact: Joey Jenkins, joey.jenkins@state.co.us; 303.892.3862
Colorado Startup Loan Fund
Applications will open in 2022 - https://oedit.colorado.gov/colorado-startup-loan-fund
This program provides $40 million to small businesses seeking capital to start, restart, or restructure a business. Loans and small grants will be made available through a host of lenders that work in communities throughout the state. OEDIT will work with community partners to reach underserved entrepreneurs and small businesses owners.
Contact: Jeff Kraft, jeff.kraft@state.co.us
Energize Gap Fund
Only applicants who have previous applied for the Gap Fund may receive this new round of funding.
In 2020, this fund gave $25 million in support to small businesses and nonprofits. More than 10,000 businesses applied to this fund and requested more than $110 million in relief. In 2021, the legislature provided an additional $15 million in state funds to give more funding to organizations that already applied but did not receive funding in 2020.
Contact: Jeff Kraft, jeff.kraft@state.co.us
CLIMBER Small Business Loan Fund
Applications now open - https://climber-colorado.com/
The Colorado Loans for Increasing Mainstreet Business and Economic Recovery (CLIMBER) fund provides $250 million to small businesses with working capital loans between $30,000 and $500,000. Below-market interest rates and a 1-year deferred payment option make the program a secure recovery option for small businesses.
Contact: Jeff Kraft, jeff.kraft@state.co.us
Rural Jump-Start Grants
Applications now open - https://oedit.colorado.gov/rural-jump-start-program
Businesses that establish new operations in specified Rural Jump-Start Zones will be eligible to receive up to $20,000 and up to $2,500 per net new hire. In RJS Zones that are Tier 1 Just Transition Communities, New Businesses are eligible for up to $40,000 and $5,000 per net new hire.
Contact: Andrea Blankenship andrea.blankenship@state.co.us