COVID Business Assistance

Energize Colorado Gap Fund - opens August 31st 

Energize Colorado announced applications for grants and loans through the Energize Colorado Gap Fund will open on Monday, August 31, 2020.  

Small businesses with fewer than 25 full-time employees can apply for support through a mixture of grants and loans, up to a maximum of $15,000 in grants and $20,000 in loans for a possible combined total of $35,000 in financial assistance. Click here to learn more.

Application Information
The application process is not first-come, first-served and will be distributed in phases. Applicants are encouraged to be thoughtful in their responses as not all applications are guaranteed approval.
 
Questions about the Gap Fund?
You can call the Energize Colorado hotline at 1-800-471-0628. It is open seven days a week from 6 am to 6 pm. You can also email GapFundSupport@energizecolorado.com


ALERTS:

Business Impact Assistance Program (BIAP) - New Eligibility Criteria apply today! 

EPC Regional Relief Business Fund - apply through September 7, 2020


PPP Forgiveness Calculator

PPP Forgiveness Regulations - effective August 2020


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!  New Eligibility Criteria August 2020

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.

Application period is open August 12 - September 7, 2020  - click here to learn more  

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)  
* 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
* 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: 

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 



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: 

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
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 
 Aug 28th   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