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New state law frees up funding for businesses affected by COVID-19

Arapahoe County provides relief funding for small businesses

January 11th, 2021

FOR RELEASE: JAN. 8, 2021

Contact: Luc Hatlestead
Public Information Officer
Direct: 303-734-5466; Cell: 720-635-9350
Email: [email protected]

MEDIA ADVISORY
Communication Services
5334 South Price Street
Littleton, Colorado 80120
O 303-795-5467 F 303-734-5470
arapahoegov.com

 

LITTLETON, CO, Jan. 8, 2020—Applications are now available for direct relief payments to
Arapahoe County small businesses that have been affected by the pandemic.

As a result SB20B-001, which the General Assembly passed during last month’s special session, a
total of $37 million will be made available across Colorado to eligible small businesses that are
in compliance with current state and local public health guidelines and are experiencing severe
capacity restrictions and loss of revenue. While the total amount of funding the state will provide
to Arapahoe County businesses is still unknown, eligible businesses can apply to receive grant
funds until Jan. 31, 2021.

“Small business is at the very heart of a thriving economy and has been hit especially hard during
the pandemic,” said Arapahoe County Board Chair Nancy Sharpe. “We encourage eligible small
businesses within Arapahoe County to apply, without delay, so this funding can help keep their
doors open with the support of funding programs like this.”

Funds will be allocated to restaurants, bars, caterers, movie theaters, gyms and recreation
centers that meet specific eligibility requirements. Among the guidelines:
Businesses that previously received 2020 CARES ACT funding are not eligible.

The maximum amount of funding a business can receive is $7,000. If application demand is greater
than the funding received, the County will prioritize funding for eligible small businesses with
receipts of less than $500,000, followed by those with receipts between $500,000 and $1 million.
Small businesses should get ready to apply by reviewing the sample application and all program
requirements at ArapahoeGov.com/SBRF.

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