Finger pushing
loader-image
weather icon 56°F


Denver announces new funding opportunity for small businesses

021722-dg-news-MariaEmpanada01.JPG

Denver Economic Development and Opportunity is partnering with Mile High United Way to provide $5 million in assistance to small businesses through American Rescue Plan Act funding.

The program is intended to support local businesses impacted by factors exacerbated by the pandemic such as displacement, disruption from construction, operating challenges or neighborhood safety. Mile High United Way will administer the program, which will provide grants of up to $15,000, as well as technical assistance for eviction, lease negation and other issues.

“Denver is proud to continuously refine and expand its ambitious small business relief and recovery systems, with this latest funding opportunity representing the best practices we’ve developed over the past two years,” Mayor Michael Hancock said in a release. “Combining cash assistance with intensive capacity-building services for disadvantaged small businesses makes this our most comprehensive, targeted business recovery program yet.”

Assistance will be split into three categories: stabilization, activation and anti-displacement. Eligibility includes businesses on the Neighborhood Recovery Index, businesses in travel, tourism or hospitality and businesses demonstrating at least an 8% loss of employees from pre-pandemic levels. Those applying for a stabilization grant will need to go through a financial review to demonstrate revenue loss from the pandemic.

“We believe that this broad spectrum of recovery assistance provides options for our small businesses, and while their individual needs vary greatly, one element all pandemic-affected small businesses have in common is that their challenges are ongoing,” Jen Morris, the city’s executive director of economic development, said in a release. “We’re excited to get these much-needed federal dollars into the hands of our small businesses.”

Applications will be available on the city’s website through 5 p.m. June 13. 


PREV

PREVIOUS

Metro Moves: E-470 Public Highway Authority has a new executive director

Welcome to The Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to dennis.huspeni@gazette.com. New hire The E-470 Public Highway Authority named Beau Memory as its new executive director, according to a news release. Memory comes from North Carolina, […]

NEXT

NEXT UP

Xcel Energy appoints new president for Colorado

Alice Jackson, president of Xcel Energy Colorado, is stepping down and will be replaced by Robert Kenney, who previously chaired the Missouri Public Service Commission, Colorado’s largest utility company announced Monday.  Kenney will join Xcel Energy on June 6, as Jackson transitions to her new role as senior vice president for system strategy and chief planning officer […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests