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Disproportionately Impacted Business (DIB) Relief Program

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DIB Grant Program

The application window for the DIB Relief Program closed on Sunday, October 3rd, 2021.

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Please read the information below in its entirety to understand eligibility and appliation requirements. There are also extensive FAQs at the bottom of this page and you can hear an overview of the program straight from our team and OEDIT in the webinar linked to the right.

Grant Details & Eligibility:

The business must meet the following eligibility requirements:

  • For profit business with a physical location in Colorado in good standing with the Colorado Secretary of State, in existence prior to January 1, 2020 and is currently operating, has all required licenses and registrations to operate, and whose business activities are legal under Colorado AND Federal law
  • Employed at least one FTE (40hrs a week) since January 1, 2020 (may include the business owner) but with no more than 500 employees 
  • Sustained at least a 20% revenue loss because of the COVID-19 pandemic.  The sustained loss must be a minimum of $1,500 after reimbursement from other assistance received from Federal, State or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor
  • This grant is intended to cover losses not covered by previously received assistance programs. DIB grant dollars may not be applied to any losses or expenses which have been previously reimbursed through other assistance from Federal, State or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor
  • The business has received less than $20,000 in financial assistance from Federal, State and local COVID-19 relief programs, including State Unemployment Insurance payments to a sole proprietor
  • Applicant business and business owner do not have any outstanding judgements, tax liens, or pending lawsuits against them. 
  • Applicant business has hiring practices that are free from discrimination, and hiring practices do not discriminate against any employee or applicant for employment because of race, color, creed, religion, ancestry, national origin, sex, disability or other handicaps, age, marital status, or status concerning public assistance. 
Businesses that are not eligible to apply: 
  • Short term property rental businesses such as Airbnb 
  • Non-profit organizations 
  • Part-time/Hobby type businesses (must have employed one FTE at 40 hours per week since January 1, 2020 to be eligible – may be the business owner) 
Grant Program Timeline

September 17, 2021 - Grant application opens

October 3, 2021 at 5 PM - Grant application closes

Week of October 18, 2021 - Grant awards announced

Week of October 25, 2021 - Grant awards distributed via ACH

Need assistance with your application?

See the list below of our collaboration partners who are able to assist you in filling out your application.

The Fax Partnership
Contact: Amlaku Estethie, amlaku@thefaxdenver.com
Phone: 720-476-1547
 
Language assistance: Spanish, Amharic, Oromo, French, Burmese, Wolof
 
Community Focus: East Colfax, Denver - Monaco - Yosemite.
Startup Colorado

Contact: Vanessa Copple, vanessa.copple@colorado.edu

Assistance: Serving rural Colorado entrepreneurs with a free online network at StartupColorado.org that provides access to business events, tips and templates, comprehensive funding database, scholarship opportunities, and a peer-mentor-expert support network

Hispanic Chamber of Commerce

Contact: Monica Rodriguez

Phone: 303-620-4496

Language Assistance: Spanish

Community focus: Dominate Spanish speaking businesses

Latino Chamber of Commerce of Boulder

County Contact: Berenice García Tellez

Email:, info@latinochamberco.org

Phone: (720) 491-1986

Assistance: English and Spanish assistance. We specialized in monolingual Spanish and Latino businesses.

African American Chamber of Commerce Colorado USA
Contact: Maya Wheeler, maya@africanchambercolorado.org
Phone: 720-696-1326
 
Assistance: The chamber offers technical assistance with training in business skills, completing documentation, business planning, operations, marketing, access to capital, employee recruitment, and specialty training (e.g., e-commerce, quickbooks, etc) in the following languages: Arabic, Amharic, Tigrinya, Dinka/Nuer, French, Oromo, Somali, and Wolof
 
www.africanchambercolorado.org
 
Brendan Greene
 
East Colfax Community Collective

 

Frequently Asked Questions

The Disproportionately Impacted Business Relief Program (DIB Grant) is a program that will provide relief payments in the form of grants for disproportionately impacted businesses that  have lacked meaningful access to financial assistance (e.g. PPP, grants) from federal, state or local COVID-19 relief programs or State Unemployment Insurance payments for sole proprietors.

The business must meet the following eligibility requirements: 

  • For profit business with a physical location in Colorado in good standing with the Colorado Secretary of State 

  • Business was in existence prior to January 1, 2020 and is currently operating 

  • Employed at least one FTE (40hrs a week) since January 1, 2020 (may include the business owner) 

  • No more than 500 employees 

  • Sustained at least a 20% revenue loss because of the COVID-19 pandemic.  The sustained loss must be a minimum of $1,500 after reimbursement from other assistance received from federal, state or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor. 

  • This grant is intended to cover losses not covered by previously received assistance programs. DIB grant dollars may not be applied to any losses or expenses which have been previously reimbursed through other assistance from federal, state or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor. 

  • The business has received less than $20,000 in financial assistance from federal, state and local COVID-19 relief programs, including State Unemployment Insurance payments to a sole proprietor. 

  • The business has all required licenses and registrations to operate. 

  • Business activities are legal under Colorado AND Federal law. 

  • Applicant business and business owner do not have any outstanding judgements, tax liens, or pending lawsuits against them. 

  • Applicant business has hiring practices that are free from discrimination, and hiring practices do not discriminate against any employee or applicant for employment because of race, color, creed, religion, ancestry, national origin, sex, disability or other handicaps, age, marital status, or status concerning public assistance. 

Businesses that are not eligible to apply: 

  • Short term property rental businesses such as Airbnb 

  • Non-profit organizations 

  • Part-time/Hobby type businesses (must have employed one FTE at 40 hours per week since January 1, 2020 to be eligible – may be the business owner) 

The State of Colorado Office of Economic Development & Interntional Trade (OEDIT) has partnered with Colorado Enterprise Fund (CEF) to administer the DIB Grant Program.  The application will be hosted on the CEF website.  The application will open at 9:00a on Friday Sept 17th and will remain open until 5:00p on Sunday October 3rd.  

The minimum amount of award is $1,500 and the maximum amount a business can request and be awarded is $10,000.  Award amounts will be based on demonstrated needs and available funds.  Grant awards can be no greater than the net financial loss the small business has experienced due to the COVID-19 pandemic. Not all recipients will receive the amount of their request.  Depending on demand, applicants may receive no funding.

The following documents will be required:  

  1. 2020 and 2019 business tax returns (all pages of the return).  If you have not filed your 2020 tax return, please provide a 2020 Profit & Loss statement and a copy of the extension for your return.  Please remove any passwords so we can easily access the file. 

  1. 2020 and 2019 personal tax returns of the primary business owner (all pages of the return).  If your business was not operating in 2019, please upload a note explaining this. Please remove any passwords so we can easily access the file. 

  1. 2021 current Balance Sheet 

  1. 2021 current Profit & Loss Statement 

  1. If your evidenced 20% loss is based on year to date 2021 financials please include same period financials from 2020 

  1. Colorado Certificate of Good Standing or Certificate of Fact of Trade Name 

  1. Complete W-9 (Please read the FAQ for completing the W9) 

  1. Current/Valid Government identification of primary business owner: 

  • Valid Colorado driver’s License or a Colorado identification card.  

  • “Valid US passport  

  • US Military Identification card OR Military Dependent’s Military ID card   

  • United States Coast Guard Merchant Mariner card  

  • Native American Tribal Identification Document  

  • Valid Foreign Passport with Photo AND valid US Visa AND I‐94  

  • Certificate of Citizenship with photo (less than 20 years old)  

  • Valid Employee Authorization Document/Temporary Resident  

  • Refugee/Asylee I‐94 with photo  

  • Valid I‐551 permanent resident card  

So we may more quickly process all applications, we request that your file is named to reflect what is in it.  For example, “Applicant Name ID” or “2020 Tax Return”. 

Please note: You will have the opportunity to save and return to your application at any time through the application process, but all required documents must be submitted with the application to be considered for a grant award. Once you have submitted your application, you will not be able to add documents. 

CEF will review all fully completed and submitted applications for eligibility and validate requested amounts based on review of tax returns, financial statements and other supporting documentation.  CEF will provide the results of the review to OEDIT for final determination of award recipients and award amounts.
After all the applications are thoroughly evaluated, you will receive a notification of award decision (approve or deny) and award amount via email the week of October 18th.  Awards will be distributed via ACH the week of October 25th. 
Applicants must demonstrate through submission of required documents and articulate writing that their business was impacted by COVID-19 and their losses and expenses have not been covered by other federal, state, or local assistance programs, including State Unemployment payments to a sole proprietor. This will be shown by clearly indicating in application questions the impact COVID-19 has had on their business operations and finances, as well as submitting all the necessary documents required for application completion. Please note that we encourage all applicants to upload additional documentation, and/or write additional explanations explaining the impact COVID-19 has had on their business operations.
It depends.  We follow a “one tax ID number reported on a tax return, per grant”.  If the locations are separate tax filers with separate EIN’s you may submit multiple applications for consideration.  Please note the application requirement for the full federal tax returns.
The DIB Grant Program is a grant program, so it does not have to be repaid. However, this grant source should be noted as income and all taxes associated with the acceptance and/or usage of grant awards are the sole responsibility of the grantee, and the grantee shall comply with all applicable state, local laws, executive orders, rules, and regulations in connection with acceptance and/or usage of grant funds. 
No. However, it does need to be in good standing with the Colorado Secretary of State as a foreign entity. Please be reminded that a physical location in Colorado is an eligibility requirement for this grant.  
No. You cannot change your application once it has been submitted. While filling out your application through the online platform, you can save your application status and come back at a later time to finish it. However, please note that unless your application is fully completed and submitted with all the required documents, it will not be considered for a potential grant award.  

Yes. Upon successful submission of your application, you will receive an email confirmation from Colorado Enterprise Fund.  

This financial assistance includes PPP loans, SBA loans, EIDL Advances and loans, any state or local grant or loan programs, or Private Insurance.  If you are a sole proprietor, financial assistance also includes State Unemployment Benefits paid to you. 

Please read carefully as past experience shows the most errors and required follow up relate to the W9 form.  No grant will be issued without a complete W9 form. Please read each line of the W9 carefully and ensure it matches your 2020 tax return unless there has been a change in your business structure. The information on the W9 must match your tax return and your application. 

  • Submit the most recent W9 form (Revised October 2018) 

  • Line 1 (legal name) and Line 2 (doing business as/or trade name) on the W9 should match the name of your business on your tax return AND on your application for the grant program. 

  • Line 3 describes the business structure of your business.  Check ONE box only. If you are a sole proprietor or single-member LLC and file a Schedule C tax return, you check the first box “Individual/sole proprietor or single-member LLC.”   If you are an LLC with more than 1 member, check the “Limited Liability Company” box and fill in the blank with the appropriate business entity: C for Corporation (not Sch C filer) / S for S-Corp / P for Partnership return. 

  • Enter the TIN (Taxpayer Identification Number) that is listed on your 2020 tax return.  If you enter an EIN, it must be the EIN issued to the business name by the IRS. 

  • The address can be your business address, business mailing address or your home address. 

  • Lastly, please make sure you sign and date the W9 before submittal. 

Small businesses and organizations structured as a Partnership, Corporation, Limited Partnership, Limited Liability, Sole Proprietors, Independent Contractors are encouraged to apply. All applicants, regardless of industry and structure, must have less than 500 employees (including part-time workers), must be located in Colorado, and must have business activities that are legal under Colorado AND Federal law. Please see eligibility question for a comprehensive list of eligibility requirements. 

Businesses/Industries that are NOT eligible are: 

  • Short term property rental businesses such as Airbnb 

  • Non-Profit Organizations 

  • Part-time/Hobby type businesses (must have employed one FTE at 40 hours per week since January 1, 2020 to be eligible – may be the business owner) 

  • Construction or reconstruction business 

  • Professional sports teams 

  • Privately-Owned Recreational facilities 

  • For-Profit Business while that business or any other business owned by the same person(s) or entity(ies) is the subject of unresolved findings of noncompliance relating to previous federal assistance provided to the recipient. 

  • Use of funds for Structures Owned by Religious Organizations 

No. The Disproportionately Impacted Business Relief Grant Program is not a first come, first serve grant program. Rather, it is a competitive application process. Applications will be accepted September 17, 2021 through October 3, 2021 at 5:00 PM. All applications submitted in completion, with all necessary documentation, will be equally evaluated by Colorado Enterprise Fund staff. Final decisions will be made by The State of Colorado Office of Economic Development & Interntional Trade (OEDIT).   

In order to be eligible for this grant program: 

  • The business must have received less than $20,000 in financial assistance from federal, state and local COVID-19 relief programs, including State Unemployment Insurance payments to a sole proprietor. 

  • Sustained at least a 20% revenue loss since because of the COVID-19 pandemic.  The sustained loss must be a minimum of $1,500 after reimbursement from other assistance received from federal, state or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor. 

  • This grant is intended to cover losses not covered by previously received assistance programs. DIB grant dollars may not be applied to any losses or expenses which have been previously reimbursed through other assistance from federal, state or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor. 

The Disproportionately Impacted Business Relief Grant Program application window closes on October 3, 2021 at 5pm. 

If you do not have one or more of the documents required for completion of the application, please first review the “What documents are required for this application? “ question above that provides additional documentation requirements if your business cannot provide one of the required documents. If the above question does not address your specific situation, please reach out to the Colorado Enterprise Fund team to receive guidance on the appropriate documentation to provide.  

Please Note: Within the application, there is a free-form box in which your business can attach additional documentation and explanations to advocate for your business’ need of grant assistance in the event that you believe it will help to clarify or strengthen your application. 

None – this grant program is open to “For-profit” businesses only. 

The timeline for the grant program is as follows: 

  • September 17, 2021 9am - Grant Application Opens  

  • October 3, 2021, 5 pm - Grant Application Closes  

  • Week of October 18, 2021 - Grant Awards Announced  

  • Week of October 25, 2021 – Grant awards distributed via ACH 

Disproportionately Impacted Business Relief Grant Program funds are not to be used for any payment of expenses that were covered by other federal, state or local COVID-19 relief programs, including State Unemployment payments to a sole proprietor. 

Disproportionately Impacted Business Relief Grant Program exists to assist businesses with their business-related costs incurred due to the COVID-19 economic disruption and for recovery of the disruption such as: 

  • Inventory Purchases 

  • Equipment 

  • Mortgage Payments 

  • Taxes 

  • Furnishings 

  • Payroll Expenses 

  • Lease/Rent Expenditure 

  • Service Agreements 

  • Covid-19 Expenses 

  • Fixtures 

  • Insurance 

  • Consultants 

  • Utilities 

Please Note:  Disproportionately Impacted Business Relief Grant Program funds are not to be used for political activities, inherently religious activities, gambling, lobbying, political patronage and nepotism activities. 

 

If you do not feel your question was effectively answered within one of these listed FAQ’s, please feel welcomed to reach out to Colorado Enterprise Fund staff at dibgrant@coloradoenterprisefund.org

The timeline for the grant program is as follows: 

  • June 29, 2021 - Grant Application Opens 

  • July 16, 2021, 5 pm - Grant Application Closes 

  • Early August, 2021 - Grant Awards Announced 

  • Mid August, 2021 - Checks Mailed to Award Recipients