Today, Governor Polis shed light on how Colorado businesses experiencing financial hardships due to the pandemic can receive the support they need. You can find resources for small businesses below:
Small Business Relief Program: The Colorado Department of Local Affairs is continuing to manage the Small Business Relief Program. Through this $35 million program, local
governments have been able to distribute grants to small businesses hurt by the pandemic. Small businesses that are interested but haven’t applied should reach out to their local government soon, as most applications are closing at the end of January.
Paycheck Protection Program (PPP): Applications for the federal Paycheck Protection Program (PPP) reopened earlier this week. Colorado’s Office of Economic Development is working with the federal government to make sure our State’s businesses are getting access to these funds.
Dr. Kit Kieling, President & COO of Orderly Health, a provider of a data management system that helps clients improve the accuracy of their healthcare data, joined the Governor today to speak to funding received from the federal PPP program:
“Orderly Health received $130,000 in funding through the Paycheck
Protection Program and with that, we took five full-time employees and expanded our company by hiring more Coloradans and creating a diverse talent pool."
how to apply.
Rural Jump Start Program: The Rural Jump-Start Program helps economically distressed communities attract new businesses and jobs. Counties, municipalities, and
higher education institutions work together to apply for this program. When a community is a designated rural jump-start zone, new businesses can receive incentive payments and tax relief including credits, exemptions, and refunds from:
- State income tax
- State sales and use tax
- County and municipal personal property taxes
The Rural Jump-Start Program began in January 2016 and will accept applications through December 31, 2025.