COVID Business Assistance

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Top 10 Small Business (SB) Impacts

#weareinthistogether* Capital Access
* Workforce Capacity/ Payroll
* Facility Remediation/Clean Up Costs
* Insurance Coverage Issues
* Changing Market Demand
* Marketing


#WeAreAllInThisTogether

ALERTS:

Business Impact AssistanceProgram (BIAP)
- apply today! 

PPP Forgiveness Calculator - June 30th application deadline

Practical Guide to Reopening Your Business or Agency - provided by El Paso County Department of Public Health

OPEN Businesses in Fountain - visit list service provided by FV Chamber of Commerce

Colorado Economic Injury Hotline 303-860-5881
COVID SB

Funding Assistance:

Business Impact Assistance Program - sponsored by City of Fountain 
   *The Program is open to small businesses and restaurants with a brick-and-mortar presence within the City’s boundaries, including locally-owned franchises, that can document negative financial impacts resulting from COVID-19 such as increased costs, reduced revenues, reduced operating hours, employee layoffs/furloughs/pay cuts, etc.
*Apply Today!
  

Re-Tooling Workforce Training Grant
- sponsored by Skill Advance CO
* State training funds for employee re-skilling and upskilling training efforts through Colorado First and Existing Industry grants to address COVID-19


Paycheck Protection Loans (PPP) – forgiveness deadline June 30th   
* 8 weeks of cash flow
* Simplified Criteria, Eligibility, and Application Form
Sole Prop., Independent Contractors, Self-Employed are eligible
* Applicable funds for Payroll, Rent, Utilities, Mortgage, etc.
* Forgivable Loan IF rehire/retain employee workforce by end of year
* MUST WORK THROUGH LOCAL BANK INSTITUTION
List of Certified Bank Institutions  
Application Form
 
(4.15.20 SBA Press Release)
Forgiveness Calculator Tool


Local Emergency Relief Fundinghosted by Exponential Impact + Pikes Peak Community Foundation
* Low Interest Loans up to $25,000 - enrollment Now Open
* Any business within El Paso County is eligible (no Size or Type restrictions)
* Mentorship, Resources, and Support Resiliency Services for Small Business community
* Application and FAQ available online



Economic Relief Fund
hosted by State of Colorado
* General Operating Grants up to $25,000
* Rolling every two-week Application Windows – enrollment Now Open
* Application and FAQ available online


COVID19 Small Business Alternative Funding
- State of CO database


Main Street Loans
 - hosted by Colorado Lending Source with State of CO
* $5,000- $25,000 loans with variable interest rates - enrollment Now Open
* Low to Moderate, Under-served Communities eligibility
* Application and FAQ available online 


Pikes Peak Enterprise Zone Business Relief Fund – hosted by El Paso County EDC
*
Grants up to $7,500
City of Fountain businesses are already located within the Enterprise Zone
– MAP IT 
* Eligibility Business Criteria – click here
* Application window closed May 1, 2020



Economic Injury Disaster Loans (EIDL) Advanced
 
* Up to $10,000 
Forgivable Loan IF rehire/retain employee workforce by end of year.
* Online submittal through SBA: https://covid19relief.sba.gov/#/ 



Toolkits: 

#WaitingtoCOhosted by State of CO Tourism Division 

#WeAreStayingSafe signage – sponsored by CS Chamber+EDC

#EnergizeCO sponsored by Coloradans helping Coloradans

Re-Opening per Industry Guidance - hosted by IEDC

Work Environment Public Safety - poster by El Paso County Public Health Department

Practical Guide to Reopening Your Business or Agency - published by El Paso County Public Health Department

Consultant Services with Small Business Experts (free service) - 30+ Consultants via Pikes Peak SBDC

COVID-19 Emergency Loans Small Business Guide + Checklist published by U.S. Chamber of Commerce

Small Business Certification for Employers - published by State of Colorado

Small Business COVID-19 Response Guide – published by Pikes Peak SBDC         

Small Business Resource Guide – published by City of Fountain 



Champions:

Pikes Peak Small Business Development Center (SBDC) – the education source on economic relief funds 

State of Colorado COVID-19 for Employers (CO)    
Economic Injury Hotline: 303-860-5881
Unemployment, Workforce, Wages (FAQ)

El Paso County Department of Health - education, resources, and SOP guidance

Fountain Valley Chamber of Commerce (FVCC) – network and bridge relations for business



Extension Notices: 

IRS Federal Income Tax Deadlines - due date July 15, 2020 

State of CO Income Tax Deadlines - due date July 15, 2020

State of CO Payroll and Tax deadlines - eligible for deferral, contact State Revenue Division

Coloradans Health Care Enrollment extended through April 30, 2020
Review and Select individual health care plans offered through Connect for Health Colorado

Pre-existing SBA Loan hosted by the Small Business Administration (SBA) 
SBA has automatically deferred payments (principle + interest) on those loans through the end of 2020.    Press Release To learn more, please contact your local SBA bank institution that services the pre-existing loan for the business.   



Weekly Roundup Editions:
published by City of Fountain, Economic Development
Avails refreshed content on newly available tools in motion to support Small Business Resiliency.

 June 26th   May 29th   April 24th   March 27th
   May 15th   April 17th   March 18th 
   May 8th  April 10th   
   May 1st   April 3rd  


Survey Tracker:

CO Business Impact Survey - published June 2020 by State of CO

Business Membership COVID-19 Impacts Survey - published 4.9.20 by the Colorado Springs Chamber + EDC (CSCEDC)

Municipal and County Business Response and Recovery Survey - published 4.3.20 by the Economic Development Council of Colorado (EDCC) 




  • Kimberly Bailey, Economic Development/ Urban Renewal Director
  • kbailey@fountaincolorado.org
  • (719) 322-2056
  • 116 S. Main Street, Fountain, CO 80817