Jeffco Small Business Relief Program - Apply Jan 4-25, 2021

Colorado Small Business Relief Program

Governor Jared Polis signed into law Senate Bill 20B-001 on Monday, Dec. 7, 2020. The bill provides $57 million in direct aid, grants, and annual fee waivers to struggling small businesses and also creates grant programs and allocates funds specifically for art and cultural organizations as well as minority-owned businesses. Learn about Jeffco’s Small Business Relief Program at www.jeffco.us/4223 .

The State of Colorado has allotted $37 million for direct relief payments to small businesses located in an eligible county that is subject to, and in compliance with, severe capacity restrictions pursuant to public health orders. Jefferson County has applied to the State of Colorado, and if awarded the grant, Jefferson County desires to distribute the small business relief grant payments to eligible small businesses. The amount the State of Colorado has allocated to Jefferson County for this program has yet to do be determined.

The State of Colorado has set certain dollar limits for the small business grants under this program. Small businesses are eligible for up to a maximum $7,000 grant as set forth below:

• Receipts less than $500K = a grant up to $3,500
• Receipts greater than $500K, less than $1 million = grant up to $5K
• Receipts greater than $1 million but less than $2.5 million = a grant up to $7K

The application period will open on Monday, Jan. 4 and closes on Monday, Jan. 25, at 6 p.m. (MST). Relief payments will be distributed by Jefferson County no later than Feb. 12, 2021.

Get all of the details, including deadlines, business eligibility and how to apply at www.jeffco.us/4223