SBDC Template

Disaster Relief Program

GET ASSISTANCE

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.

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DISASTER RECOVERY AND CONTINUITY GUIDE

After the natural disasters in the fall of 2013, the Colorado SBDC disaster relief team worked with federal, state and local resources (including the support of Brian Siravo, founder of Accinctus) to produce a comprehensive guide to assist Colorado businesses in preparing for, responding to, and recovering from natural disasters and emergencies. For an electronic copy of the guide, click here

RECOVER COLORADO BUSINESS GRANT AND LOAN PROGRAM


Part of the Community Development Block Grant Disaster Recovery Program (CDBG-DR Program)
Second round of CDBG‐DR Recover Colorado Grants and Loans for Businesses Announced

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:

  • Recovery efforts in 18 Presidentially  declared flood impacted counties. Adams, Arapahoe,
    Boulder, Clear Creek, Crowley, Denver, El Paso, Fremont, Gilpin, Jefferson, Lake, Larimer,
    Lincoln, Logan, Morgan, Sedgwick, Washington and Weld
  • Businesses impacted from FEMA-declared fire disasters in 2012 - 2013 in the following counties:
    • El Paso County, Black Forest (June 2013)
    • Freemont County, Royal Gorge (June 2013)
    • Larimer County, High Park (June 2012)
    • Teller and El Paso Counties, Waldo Canyon (June/July 2012)

Requirements: 

  • Minimum annual eligible revenue requirement lowered: The minimum annual revenue eligibility requirement has been lowered to $10,000 per year for all businesses. This lower requirement will be retroactively applied to all applicants, including existing applicants from the first round.
  • Requirement that businesses apply for other forms of assistance eliminated: Some businesses are only now realizing the full long-term economic impact of these disasters.
  • To facilitate assistance for these businesses, the requirement that businesses have applied for other forms of assistance before applying for CDBG-DR funds has been eliminated. The elimination of this requirement will be retroactively applied to all applicants, including existing applicants still being processed from the first round.

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.

Download the 2nd Round Press Release Here


The SBDC is the point of contact for the CDBG-DR program. Contact us at disasterrelief@cssbdc.org or 719-667-3812.

RELATED WEBSITES

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:


OTHER RESOURCES


CO-WORKING LOCATIONS


Downtown:
Epicentral Coworking
409 N. Tejon St. 
www.epicentral.org
719-338-2755