Last updated 4/1/2020 @ 2:55 pm
Colfax Mayfair BID
Business Assistance Grants
Our BID is providing Business Assistance Grants to all property owners in the district to provide immediate financial relief to businesses. Grants are the equivalent of the property owner’s 2020 BID assessment based on lot and building square footage and amounts range from approximately $500 to $4,800. More info here.
Local
Denver Small Business Emergency Relief
A city-wide program that addresses the most immediate needs of the business community by providing up to $7,500 in cash grants to the most vulnerable businesses. The program prioritizes those industries who are most impacted by the Coronavirus pandemic, such as the food industry, nail salons, barbershops, home childcare providers, and retail shops.
This program is designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying rent and utilities, or have had to lay off staff .
Please note: The program will be rolled out in monthly phases with the first applications due March 31, 2020 and the last day of the month thereafter for the duration of the program (based on available funds and community need).
Application is here.
Denver Small Business Micro Loan Program
A city-wide program providing micro loans from $5,000 to $50,000 to businesses affected by Coronavirus. This is an existing program that has been expanded to provide lending capital and services to support their stabilization efforts. The focus is on targeted industries located in Denver’s most vulnerable areas as identified by the Neighborhood Equity and Stabilization Team. More info here.
Tax Abatement
There will be no 15% penalty for late payment of February and March sales, use and occupational privilege taxes due March 20 and April 20. Businesses still must file a return and remit funds within 30 days of the due date.
Employee Assistance
Connect for Health Colorado has opened an emergency special enrollment period from March 20 to April 3 to help Coloradans who are uninsured or about to lose their insurance. Learn more.
The city’s Workforce Centers are offering support to jobseekers online, by phone and via email while the centers are physically closed. Job fairs are going virtual, so jobseekers can access the same job opportunities as they would have been able to do in person. Contact the city’s Workforce Services.
General Coronavirus Support Services
All support services offered by the City of Denver. More info here.
State
Unemployment Benefits
Employees who have been laid off or are working reduced hours and earning less than 55 percent of their average wage may be eligible for unemployment benefits through the Colorado Department of labor. More info here.
State Tax Postponement
The federal and state governments announced today that the deadline to file income taxes would be postponed from April 15 to July 15. Read more here.
Property Tax & Special Assessment Postponement
On April 6th, the State of Colorado waived penalty interest for late property tax and special assessment payments, along with new due dates for property tax payments. Read more here.
Federal
Low-Interest Disaster Loans
The U.S. Small Business Association provide Economic Emergency Disaster Loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Based on past events, you may need the following documents to apply for a loan:
- Last three years of federal tax returns for your business.
- Last three years of personal federal tax returns.
- A Personal Financial Statement.
- Articles of Incorporation.
- A Business Plan with Financial Projections might be helpful, but probably not required.
More info here.
Federal Tax Postponement
The federal and state governments announced today that the deadline to file income taxes would be postponed from April 15 to July 15. Read more here.