Boulder County Small Business Grant Program

The following types of businesses are eligible for relief payments:

• Restaurants
• Bars (includes establishments like a Winery, Brewery, Distillery, etc.)
• Caterers
• Movie Theatres
• Gyms & Recreation Centers

A detailed list may be found on page 4 of the signed legislation.  https://leg.colorado.gov/sites/default/files/2020b_001_signed.pdf

• The applicant business has operated under severe capacity restrictions required by a local or state public health order at any time during 2020. 

• Minimum 20% revenue loss (compared against 2019 receipts) OR is a business opened between Jan. 1 and March 26, 2020
• Currently operating within Boulder County.
• Commitment to operate in Colorado for the next six months after receiving an award
• Valid business license within the city or town that you operate
  • City of Boulder
  • Town of Erie
  • City of Lafayette
  • City of Longmont
  • City of Louisville
  • Town of Lyons
  • Town of Nederland
  • Town of Superior
• Business is in good standing with Colorado Secretary of State
• Cannot also apply for or receive funding from “Arts Relief Program” (also established in SB20B-001) https://oedit.colorado.gov/colorado-arts-relief-grant#:~:text=The%20Colorado%20Arts%20Relief%20Fund,Arts%20Relief%E2%80%94Business%20and%20Organization
• Qualifies as a “Small Business” by meeting the following criteria in the bill:
  • Headquartered and operating in Colorado
  • Minimum of one full time employee or a sole proprietorship
  • Less than $2.5 million in annual revenue/receipts

The legislation creating the program sets forth tiered relief payment caps, based on the business’ receipts (sales or revenue) from 2019, in the following fashion. However, these tiers may be formulaically adjusted downward based on total dollars allocated to each eligible entity:

• Receipts less than $500,000  may receive a $3,500 maximum payment
• Receipts greater than $500,000 but less than $1 million may receive a 5,000 maximum payment
• Receipts greater than $1 million but less than $2.5 million may receive a $7,000 maximum payment

Businesses must provide the following:

• Evidence that the business is headquartered in and doing business in Colorado within the appropriate local government area.
• NAICS code indicating an eligible industry.
• Attestation of an intent to continue operations within the state for at least the next six months.
• For businesses that began operation prior to 1/1/2020, evidence of at least a 20% reduction in revenue since March 26, 2020 due to restrictions. This is not required for businesses that began operations between January 1, 2020 and March 26, 2020.
  • 2019 Federal Tax Return (if started prior to 2020)
  • Interim 2020 profit and loss or statement of revenues through September 2020 or later.  The starting date for the report may be January 1 or March 26 (April 1 is ok).
• For businesses starting operations between January 1, 2020 and March 26, 2020, a profit and loss or statement of revenue from the date operations began THROUGH 12/31/20.
• Certificate of Good Standing from the Secretary of State
• Attestation that the business has not applied for Arts funds through the Colorado Arts Relief Program  
• Attestation that the business is in compliance with all public health orders.
• Attestation that the business is either a sole proprietorship or has at least one full-time employee.