Gov. Polis launches Energize CO Gap Fund


COLORADO - Gov. Polis announced the the Energize Gap Fund application period began Aug. 31.
“Coloradans are resilient and will lead the nation in rebuilding our economy,” said Governor Jared Polis.

“The Energize Gap Fund provides a key resource for Colorado small businesses. During this challenging time, we will continue doing everything we can to help hardworking Coloradans, which is why we’re bringing a diverse set of voices together to look at housing solutions and are providing additional support for small businesses across our state.”


Governor Polis was joined by bill sponsors Senators Jeff Bridges and Faith Winter, along with Kent Thiry, Co-Chair of Energize Colorado, to announce the upcoming launch of the Gap Fund application. The application will go live on Monday, August 31. This fund will provide more than $25 million in small business loans and grants to boost small businesses that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance.


“Colorado small businesses are the backbone of our economy, and supporting them is critical for our state’s recovery,” said Rep. Mary Young, D-Greeley, House sponsor of the legislation. “I’ve heard from so many hardworking Coloradans in Greeley and in Weld County who need just a little help to make it through this crisis. That’s why we worked quickly to pass bipartisan legislation that set aside $20 million to help small businesses that have been left behind, with a focus on women, veteran or minority-owned businesses and those in rural areas. Small business owners who may need assistance should reach out to Energize Colorado for guidance, or to apply for the grant program.” 


Awards will be provided in phases rather than first-come, first served to ensure equal access.

Preference will be given to underserved small businesses including majority-owned by minority, women or veterans, those located in rural areas of the state, and businesses that have not been successful in pursuing and/or receiving funds from other federal, state and local assistance programs such as the Paycheck Protection Program.“Small business owners are struggling to keep up and our communities are losing beloved staples at an alarming rate due to the economic impacts of COVID,” said Sen. Faith Winter, D-Westminster. “We’ve worked to ensure the application process is easy and accessible in order to provide immediate relief to small employers who need it most.”


“Colorado small businesses are the backbone of our economy, and supporting them is critical for our state’s recovery,” said Rep. Mary Young, D-Greeley. “I’ve heard from so many hardworking Coloradans in Greeley and in Weld County who need just a little help to make it through this crisis. That’s why we worked quickly to pass bipartisan legislation that set aside $20 million to help small businesses that have been left behind, with a focus on women, veteran or minority-owned businesses and those in rural areas. Small business owners who may need assistance should reach out to Energize Colorado for guidance, or to apply for the grant program.”


“The COVID pandemic has devastated our small businesses in Colorado and many of them didn’t qualify for PPP so we stepped up as a State to fill the gap with a unanimous bill to create a $25 million grant program. Applications began Aug. 31, go to energizecolorado.com

to apply and we will continue working for the strong Colorado comeback,” said Senator Jeff Bridges, D-Greenwood Village.

Advertisement


Video News
More In Homepage