Energize Colorado Gap Fund Grant
The Energize Colorado Gap Fund will provide nearly $50M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $50,000 loan for a possible combined total of $65,000 in financial assistance. Anyone eligible is welcome to apply, preference will be given to small businesses majority-owned by minority, women or veterans and or located in a rural area, and that have not been successful in pursuing and/or receiving funds from other federal, state and local assistance programs such as the Paycheck Protection Program.
Small businesses/enterprises – Colorado sole proprietors and registered small businesses in good standing with the state and nonprofits who support small businesses.
Small businesses and nonprofits must have fewer than 25 employees. An employer may use its off-season employee count.
Priority will be given to the following, but all eligible Colorado-based micro and small businesses may apply:
Black, Indigenous, People of Color, Veteran-owned, Woman-owned or rural businesses
Rural areas are defined as:
A county with a population of less than fifty thousand people
A municipality with a population of less than fifty thousand people that is located ten miles or more from a municipality with a population of more than fifty thousand people
The unincorporated part of a county located ten miles or more from a municipality with a population of more than fifty thousand people
Those that have not been successful in pursuing and/or receiving funds from other federal, state, and local assistance programs such as the Paycheck Protection Program.
IRS classified nonprofit charities and associations. Specifically, those supporting economic development, small businesses, and tourism and those supporting our priority businesses will qualify. In general, nonprofits that provide direct services to small businesses are eligible as are non-profits in the tourism sector as defined in SB20-222. Nonprofits that provide services to individuals, though critically important, are not the focus of the Gap Fund.
Eligible Nonprofits Include:
Economic Development Organizations
Chambers of Commerce
Local Visitor Bureaus
Cultural Events & Facilities Organizations
Performing Arts Organizations
Film Festival Organizations
Outdoor Recreation and Access Organizations
$15,000 from grant award
$20,000 from loan
To be announced.
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.