The objective of the 2021 Pikes Peak Small Business COVID-19 Grant Program is to provide additional financial assistance to El Paso County small businesses considered to be especially hard-hit by the COVID-19 pandemic. Please be sure to read this page in its entirety, including the list of FAQs at the bottom of this page, to understand eligibility and the application process.
To be considered, applicants must meet all eligibility requirements and must submit a complete online application to CEF on or before 5:00 p.m. MDT on Friday, March 5th, 2021. The online application will take about 10 minutes to complete. See below for the link to apply. If you have questions on eligibility, the application, or something else, please email: firstname.lastname@example.org. Please note that you should only apply once for this grant program. If you applied in round one of the Pikes Peak Small Business grant program, you should not apply again in this second round.
This grant opportunity is available for businesses:
Note: Businesses that received a grant award from the 2020 El Paso County Small Business Relief Grant Program, a Small Business Relief Program from any city or town, the federal Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) program, or other relief program ARE eligible to apply and receive awards.
Businesses that have already received a grant award from this PPACG Grant program are NOT eligible to apply in the second round.
Small businesses that have applied for funding from the Colorado Arts Relief Program are NOT eligible to apply to the Pikes Peak Small Business COVID 19 Grant Program. Please see https://oedit.colorado.gov/colorado-arts-relief-grant for more information about the Arts program.
The following types of businesses are eligible for relief payments:
A detailed list may be found on page 4 of the signed legislation. https://leg.colorado.gov/sites/default/files/2020b_001_signed.pdf
Business has operated under severe capacity restrictions required by a local or state public health order
Minimum 20% revenue loss (compared against 2019 receipts) OR is a business opened between Jan. 1 and March 26, 2020
Currently operating within the eligible geography
Commitment to operate for the next six months
Valid business license and in good standing with issuing agency
Cannot also apply for or receive funding from “Arts Relief Program” (also established in SB20B-001)
Qualifies as a “Small Business” by meeting the following criteria in the bill:
Headquartered and operating in Colorado
Minimum of one full time employee or a sole proprietorship
Less than $2.5 million in annual revenue/receipts
The legislation creating the program sets forth tiered relief payment caps, based on the business’ receipts (sales or revenue) from 2019, in the following fashion. However, these tiers may be formulaically adjusted downward based on total dollars allocated to each eligible entity:
Businesses must provide the following: