COVID Business Assistance

5-Star Program  - effective Feb. 2, 2021 

The State program at the local EPC level is available to restaurants, gyms and fitness centers, personal services, and indoor events. Certified businesses can enjoy increased capacity limits at one level higher on the state’s COVID-19 dial framework. 

Apply today to become a 5-Star Certified Business for your customers!


Survey Tracker:  Biz Pulse Survey 4 - published July 2021 by EPC 

ALERTS:

Business Loan Fund SB and Start-Ups -  EPC EZ - Applications Now Open

CLIMBER Loan Fund
by State of CO - Applications Now Open 

CO Arts Relief Grant
by State of CO - Applications Now Open 

#UPSKILL Workforce Readiness Program
by PPWFC

Colorado Economic Injury Hotline       303-860-5881
COVID SB

Funding Assistance:

Business Loan Fund - Enterprise Zone designation eligibility 
El Paso County continues its commitment to startups and local small businesses with a relaunch of a Business Loan Fund program, launching effective June 4, 2021. The Business Loan Fund will provide loan funding to private, for-profit small businesses and startups in El Paso County, who otherwise may not be able to access financing through conventional lenders. Borrowers will have access to loan funding, and wrap-around support services such as education, consulting and/or mentorship, and technical assistance services. Now Accepting Applications, click here to learn more. 
* Businesses must be located with in an Enterprise Zone designation area - Map it here



CLIMBER Loan Fund - sponsored by State of Colorado
Small businesses with 5-99 employees that were financially stable before the pandemic but now need help to survive may apply for 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. Now Accepting Applications, click here to learn more.



CO Arts Relief Grant - sponsored by State of CO
Applications are Now Open. This fund has two separate grant applications, one for businesses and organizations and one for individuals of the Arts. You may only apply for one. If you are unsure which one you qualify for, please review the eligibility requirements. Click Here to learn more. 



Restaurant Revitalization Fund
- sponsored by SBA
The SBA program provides funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023;  click here to learn more.



Paycheck Protection Loans (PPP)
(effective in 2021)
* 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
Forgiveness Calculator Tool
Rules and Regulations(August 2020)


Pikes Peak Small Business COVID Relief Grants - sponsored by PPACG
A grant program to provide additional financial assistance to hardest-hit businesses. The program is funded by the State of Colorado, which has specified that eligibility for the funding is limited to restaurants, bars (including breweries, wineries, and distilleries), caterers, movie theatres, gyms, and recreation centers. To qualify, businesses in those categories must have experienced at least a 20% reduction in revenue due to the COVID-19 pandemic since March 26, 2020. Grant awards will be a maximum of $7,000 each. Apply by March 5, 2021 - click here to learn more. 


Survive & Thrive 2.0 Grants - sponsored by Exponential Impact 
This partnership provides up to $20,000 in grants to eligible small businesses and holistic programming to provide participants with both financial resources and community support to build back stronger. If awarded funds, business owners are expected to participate in the 2-month program and can expect their funds in two tranches, one at the start of the program and one upon completion. Apply by Feb 28, 2021 - click here to learn more. 


El Paso County Regional Relief Business Fund

A competitive grant application process through the new, multi-million dollar EPC Regional Business Relief Fund as part of their Response, Recovery, Resiliency efforts. These grants (up to $20k) will assist small business most in need with their business related costs incurred due to the COVID-19 economic disruption - click here to learn more  


Business Impact Assistance Program - 
sponsored by City of Fountain 
The Program was 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.



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


Economic Relief Fund
hosted by State of Colorado
* General Operating Grants up to $25,000
* Rolling every two-week Application Windows
* 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
* 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


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: 

5-Star Program: effective Feb. 3, 2021 - The State program at the local EPC level is available to restaurants, gyms and fitness centers, personal services, and indoor events. Certified businesses can enjoy increased capacity limits at one level higher on the state’s COVID-19 dial framework.  Apply today to become a 5-Star Certified Business for your customers!

SizeUP: a free business intelligence tool to grow your business

COVID-19 Data Tracking - website hosted by the CO Department of Health and Public Safety

#WaitingtoCOhosted by State of CO Tourism Division 

#WeAreStayingSafe signage – sponsored by CS Chamber+EDC

#EnergizeCO sponsored by Coloradans helping Coloradans

EPC Approved Variances Matrix - hosted by El Paso County Public Health Department

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 


Workforce:

#UPSKILL 2020 - sponsored by the PPWFC of El Paso County
The program provides FREE training resources to the community, resources are available to businesses, employees, and the unemployed seeking new employment opportunities. Learn more online

   
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


Champions:

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

CSCEDC Small Business Roundtable - Colorado Springs Chamber+EDC

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



Notices: 

EPC Health 2021 Retail Food Establishment License Fees Waved

ALERT: Malicious Cyber Spoofing COVID-19 Loan Relief web page and phishing emails (scam notice)

IRS Federal Income Tax Deadlines

State of CO Income Tax Deadlines

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

Coloradans Health Care Enrollment
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
This condensed content was provided to City of Fountain businesses during Spring - Fall 2020 to aid Small Business Resiliency through the height of the COVID-19 pandemic.

 June 26th   May 29th   April 24th   March 27th
   May 15th   April 17th   March 18th 
 Aug 28th   May 8th  April 10th   
   May 1st   April 3rd  


Survey Tracker:

Pulse Survey #4 - published July 2021 by EPC

Pulse Survey #2 - published January 2021 by EPC

Pulse Survey #1 - published September 2020 by EPC 

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