The second round of applications for the 2021 Pikes Peak Small Business Relief Program will close on March 5th at 5:00 PM. The program aims to help small businesses who are struggling to sustain operations by providing critical funding necessary to maintain their workforce and recover from the negative impact of the COVID-19 pandemic. Unlike loans, small businesses awarded this grant won’t have to pay it back and there are no restrictions on use of proceeds.
“During these times, I know that so many deserving small businesses have been struggling- and I cannot tell you what a difference this money will make for Mountain Pie CO to be able to help keep us going,” said Administrator Tara Campbell of Mountain Pie Co, a first round grant recipient. “This grant will allow us to pay rent so we can focus on moving forward as the food industry begins to reopen and hopefully continue on a path where we all get to put the pandemic in our rearview. We are thrilled to keep moving ahead and contributing to our community.”
This COVID-19 relief funding is available to local businesses through the passage of Senate Bill 20B-001 passed during the Colorado special session of the legislature in December 2020.
The program is available to businesses in El Paso County in one of the following categories:
• Bars (including breweries, wineries, and distilleries with attached sales rooms)
• Movie theatres
• Recreation centers with physical locations
To be eligible, businesses in those categories must have experienced at least a 20% reduction (measurable in several ways) in revenue due to COVID-19 mandated restrictions and have been operating since at least March 26, 2020. Grant awards will be a maximum of $7,000.
The Pikes Peak Area Council of Governments and El Paso County partnered with Colorado Enterprise Fund (CEF) to help administer the program and distribute the funds locally. Through CEF, the 10-minute application can easily be completed online with documents that should be readily accessible for any business.
For more information on eligibility requirements, a comprehensive list of FAQs and further details on the grant program, visit the 2021 Pikes Peak Small Business Relief Program website at https://coloradoenterprisefund.org/PikesPeakSmallBusinessReliefProgram.
About the Pikes Peak Area Council of Governments
The Pikes Peak region’s 16 local governments join together in PPACG to collaborate on issues that cross political boundaries and to reach solutions that benefit the entire region. PPACG’ focuses on regional planning for transportation, aging issues, military impact planning and air and water quality.
About Colorado Enterprise Fund
Founded in1976, Colorado Enterprise Fund (CEF) provides loans up to $1 million to finance small businesses and startups unable to obtain funding through traditional banks. CEF has disbursed $93.7 million in startup and growth capital to more than 2,600 businesses and created or retained more than 2,904 jobs in the state. A nonprofit Community Development Financial Institution (CDFI), CEF is based in Denver with lending and advisory services available statewide. For more information, visit www.coloradoenterprisefund.org.