Fort Collins launches $1.5M Small Business Recovery Fund with coronavirus relief money

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The city of Fort Collins launched a $1.5 million grant program to help small businesses and nonprofits during the COVID-19 pandemic. 

The program, launched Tuesday, is being funded through $9 million in federal funds the city received for coronavirus relief, including rental assistance, food security and business support.

Grants up to $7,500 will be available for businesses that have operated in Fort Collins since July 1, 2019, have up to 20 employees, have gross revenue under $2 million, can verify their loss of income and are in good standing with the city. 

If every applicant got the full amount, the city would be able to provide grants to 200 nonprofits and small businesses.

The application period runs through Sept. 23.  

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“Our small businesses are giving it their all to manage the impacts of coronavirus related closures, mandates and changes,” said Josh Birks, the city’s economic health director.

“Our intent is to leverage federal resources through this fund to help cover expenditures incurred or that may be incurred as a result. Ultimately, if we can help ease some economic impacts, businesses can focus on keeping doors open and their workforce intact,” he said.

The city also reinstated the Main Street Loan Fund program that had been converted to an emergency relief loan fund program earlier this spring. 

Two application technical assistance events have been scheduled for 10 a.m. Thursday and 6 p.m. Monday.

To see if your business is eligible, to attend a technical assistance event or to apply, visit fcgov.com/business.  

Pat Ferrier is a senior reporter covering business, health care and growth issues in Northern Colorado. Contact her at patferrier@coloradoan.com. Please support her work and that of other Coloradoan journalists by purchasing a subscription today.