2021 American Rescue Plan Act COVID-19 Relief Programming & Economic Impact

In response to the economic disruption of the COVID-19 pandemic, El Paso County’s Economic Development used federal 2021 American Rescue Plan Act funding to develop and implement the following COVID-19 relief program to assist our community’s businesses and nonprofits in their economic recovery:

  1. El Paso County Regional Business Relief Fund (Round Two)

El Paso County Regional Business Relief Fund Round 2

El Paso County’s Economic Development Department awarded $10,381,441 in grants to 627 local small businesses and nonprofits as part of the second round of El Paso County Regional Business Relief Fund grants. The program was initiated to provide tangible assistance to local businesses and nonprofits as they transition from relief to recovery from the COVID 19 pandemic.

El Paso County Board of County Commissioners allocated $10,381,441 in American Rescue Plan Act (ARPA) funds to the Regional Business Relief Fund program, facilitated by the county’s Economic Development Department, in partnership with Colorado Enterprise Fund, a nonprofit lender certified CDFI and nationally recognized SBA microlender. Applications for the Regional Business Relief Fund were collected, analyzed, and scored by Colorado Enterprise Fund, with final evaluation and grant award decisions made by El Paso County’s Economic Development Oversight Committee.

Local small businesses and nonprofits awarded grants experienced a disruption and decrease in business operation and workforce due to the COVID-19 pandemic. Among the 627 businesses that received grants, 525 were small businesses, and 102 were nonprofits. 65% of recipients self-identified as women or minority or veteran owned businesses and nonprofits. The average amount awarded is $16,557.

Round 2 of the El Paso County Regional Business Relief Fund is closed.

Press Releases:

Regional Business Relief Fund Round 2 Grants Announced

Maps Denoting Grant Recipients:

El Paso County Map

Crystal LaTier
Economic Development Executive Director
9 E. Vermijo Ave.
Colorado Springs, CO 80903
Phone: 719-520-6484
crystallatier@elpasoco.com

Kayla Huthoefer Nelson
Economic Development Project Manager
9 E. Vermijo Ave.
Colorado Springs, CO 80903
Phone: 719-520-6448
kaylahuthoefernelson@elpasoco.com