Now CLOSED: El Paso County Regional Business Relief Fund
**For more information about the El Paso County Regional Business Relief fund, click here.
In response to the devastating effects COVID-19 has had on our community’s small businesses and nonprofit organizations, El Paso County has created the El Paso County Regional Business Relief Fund. El Paso County has chosen to open a competitive grant application process for small businesses and nonprofit organizations, providing up to $20,000 of grant assistance to assist them with their business-related costs incurred due to the COVID-19 economic disruption.
The El Paso County Regional Business Relief Fund is no longer accepting applications. The application process was only open between August 12, 2020 at 8:00 AM and September 7, 2020 at 5:00 PM.
Application for Grant Assistance for 501(c)(6) Chambers of Commerce and Business League Organizations, or any Non-lobbying 501(c)(4) with an Economic Development Driven Mission:
The CARES Act established the Coronavirus Relief Fund and appropriated funding to the fund for State and Local Government Relief. El Paso County received a direct allocation of federal funds from the CARES Act Relief Fund. El Paso County recognizes that its economic development partner organizations have also realized increased expenditures due to COVID-19 and has chosen to open a competitive application process for 501(c)(6) Chambers of Commerce and Business League organizations, or any non-lobbying 501(c)(4) with an economic development driven mission, as defined by IRS Publication 557, to assist them with their response and expenses related to COVID-19.
Under the CARES Act, the federal funds may only be used to cover costs that are necessary economic recovery expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19); and were incurred no earlier than March 1, 2020.
The requirement that expenditures be incurred “due to” the public health emergency means that expenditures must be used for actions taken by an organization to respond to the public health emergency and any necessary economic recovery efforts the organization has implemented.
The application window for the Grant Assistance for 501(c)(6) Chambers of Commerce and Business League Organizations, or any Non-lobbying 501(c)(4) with an Economic Development Driven Mission has closed. The following selected grant recipients received awards to assist with: fixed debts, employee payroll, marketing and education, and innovative programming in response to COVID-19.
- Colorado Springs Chamber & EDC
- Colorado Springs Housing and Building Association
- Downtown Partnership of Colorado Springs
- Manitou Springs Chamber of Commerce, Visitors Bureau and Office of Economic Development
- Pikes Peak Region Attractions Association
- Southern Colorado Women’s Chamber of Commerce
- The Concilio Hispana de Empresas de Colorado Springs doing business as The Colorado Springs Hispanic Business Council – The Hispanic Chamber
- Tri-Lakes Chamber of Commerce, Economic Development Corp and Visitors Center
- Visit Colorado Springs
Pikes Peak EZ Business Relief Fund:
Contributions to the “Pikes Peak Enterprise Zone (EZ) Business Relief Fund” – in addition to El Paso County CARES Act Funding – helped provide grant assistance of up to $7,500 to 128 for-profit small businesses in the Pikes Peak EZ that have been impacted by COVID-19. Donors also received an Enterprise Zone state income tax credit equal to 25% of their contribution. The Pikes Peak EZ Business Relief Fund aided businesses located in the EZ the following types of assistance: rent or mortgage assistance, utility payments, employee payroll, accounts payable and other bills, and for payment of fixed debts.
The application window for the Pikes Peak EZ Business Relief Fund is now closed. Selected grant recipients received an award notification in May 2020; grant funds were disbursed to selected grant recipients in June 2020.
For any additional questions, please contact the Pikes Peak EZ Administrator, Sara Lobato, at email@example.com.