The Work-Share Program provides an alternative to laying off employees by allowing them to keep working, but with fewer hours. While an employee is working fewer hours, he or she may be eligible to collect part of his or her regular unemployment benefits.
The Colorado Springs Downtown Development Authority Small Business Relief Fund (CSDDA Relief Fund) will provide grants of $2,500 to $25,000 to certain types of storefront small businesses located within the boundaries of the DDA.
The Energize Colorado Gap Fund will provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance. The application will be available on this website on Monday, August 31, 2020.
The Pikes Peak SBDC is here to help businesses who have been affected by recent disasters in Colorado including response to the current health crisis. Consultants and partners including the SBA provide services to assist with disaster loan applications, long term planning, insurance navigation, physical and economic loss estimations, business preparedness and more.