The Colorado SBDC Network has been awarded additional disaster relief funds to assist small businesses with guidance on disaster loans, CDBG - DR Grants, and long term planning. For assistance, appointments and/or updates, check back here, click "Request Assistance" below, or contact us directly.
Applications for the second round of funding for the Recover Colorado Business Grant and Loan program are now available. The U.S. Department of Housing and Urban Development (HUD) announced it approved Colorado’s Community Development Block Grant - Disaster Recovery (CDBG-DR) Substantial Amendment to the Action Plan which outlines how Colorado will distribute $199.3 million in grant dollars received from HUD for flood and fire recovery programs. This allocation supplements an initial $62.8 million in grant dollars received from HUD for Colorado flood recovery programs. The second allocation supplements existing grant programs and has allowed for the expansion of programs in response to public input regarding unmet needs.
The grants will support:
Shorter award delivery times: Rules, requirements, applications and the entire process has been clarified and improved. Future flood and fire recovery applicants who submit complete and accurate information and documentation in a timely basis throughout the application process can expect to receive their reimbursement grant check within six to eight weeks of initial application.
New businesses or non-profits eligible for awards: New businesses or non-profits may be determined to be eligible if they provide goods or services vital to the long-term economic viability of heavily impacted communities and create new jobs in the community. These goods and services can be either directly related to meeting a recovery need of the community or could be of indirect benefit by contributing to the economic diversity and resiliency of the area.
Application period extended: An application for CDBG-DR awards is available at http://dola.colorado.gov/cdbg-dr/content/recover-colorado-business-grant-and-loan-program The Small Business Development Centers (SBDC) will continue to assist applicants in providing required follow-up documentation.
Colorado is using all available local, state and federal resources to fight a number of active fires in the state. Along with many other state agencies, Colorado SBDCs will work closely with communities impacted by fires around the state. Information on current and future Colorado wildfires can be obtained from the following websites, which are updated regularly during incidents:
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