ARAPAHOE COUNTY, CO — Apps are now offered for direct aid payments to Arapahoe County smaller organizations that have been afflicted by the pandemic.
A new point out regulation, which was passed by the Typical Assembly Dec. 2, is delivering $37 million to eligible compact firms across Colorado. The businesses ought to be complying with public health pointers and looking at a loss of profits, officials claimed.
Though the overall amount of funding the condition will present to Arapahoe County corporations is still unknown, eligible organizations can apply to acquire grant funds right until Jan. 31, the county reported.
Funds will be allocated to dining places, bars, caterers, movie theaters, gyms and recreation centers that fulfill specific eligibility demands, officers said.
Amid the rules:
- Organizations that formerly been given 2020 Cares Act funding are not qualified, officials claimed.
- The utmost sum of funding a enterprise can receive is $7,000. If software desire is greater than the funding received, the county will prioritize funding for qualified modest corporations with receipts of fewer than $500,000, adopted by those with receipts among $500,000 and $1 million, officers mentioned.
“Small small business is at the quite heart of a flourishing economic climate and has been strike especially difficult during the pandemic,” said Nancy Sharpe, Arapahoe County Board Chair.
“We motivate suitable compact firms inside Arapahoe County to utilize, without hold off, so this funding can enable retain their doorways open up with the support of funding courses like this.”
>> More details about the smaller business enterprise application in Arapahoe County can be observed here.