5 Small Business Grants in Colorado

Small Business Grants in Colorado

Small Business Grants in Colorado – Colorado is a great place to live and not just for living but also a great place to run a small business.

Running a business is not easy, as it requires buying infrastructure, paying salaries to staff, and marketing.

All these jobs require money, and you can’t go further if you don’t have the money.

Don’t worry—you can use small business grants in Colorado created to help small businesses achieve their business goals.

Small Business Grants in Colorado can be the best option for small businesses to pay their staff salaries, buy infrastructure, or market the business.

If you believe that obtaining a small business grant is tough, you are right, but it is not impossible.

Let’s discuss a small business grant and what you can do with it.

Small Business Grants – What are these

Small business grants are monetary assistance for small businesses to run their primary functions: pay salaries to staff, buy goods, and develop infrastructure.

As a business owner, you can use the grant anywhere, but make sure you use it only for business purposes.

Use the business grant the way the grant giver specifies while giving the business grant.

If you do not follow the grant giver’s terms, he can withdraw the business grant, and you will have to pay the penalty.

What is the Benefit of Small Business Grants in Colorado

Unlike business loans, you don’t have to repay the amount to the grant giver when your business purpose gets fulfilled. The grant amount varies from one type of business grant to the other.

The grant amount ranges between $500 and $250,000. However, it takes a lot of time and effort to research and apply for a business grant, but the payoff can be worth it if you successfully secure a business grant for your small business.

Government and private organizations offer small business grants and receive hundreds of applications. A few of the applications get lucky in getting the business grant.

Small Business Grants in Colorado – What are the Options

1. FedEx Small Business Grant

FedEx runs an annual grant competition, distributing $250,000 among small business winners. The awards are given based on a voting process.

To apply for the grant, you need to send your entry during the entry period declared by the company. Once all the applications reach their office, voting will start and continue up to a particular date. Finally, the winners will be announced.

There will be seven first-place winners, each receiving $20,000, and three grand prize winners, each receiving $50,000.

To qualify for the FedEx Small Business Grant, your business must be:

Operating for at least six months
Have fewer than 100 employees

For 2024, the application period ended on April 1st. For more information, you can visit fedex.com.

2. Weld County Small Business Incentive Program

Weld County’s Small Business Incentive Program (SBIP) offers financial assistance to small businesses to cover costs related to land use, building permits, and more, specifically in unincorporated areas of Weld County.

The program aims to reduce the upfront capital outlay for small businesses in unincorporated Weld County of Colorado.

The application process for SBIP involves completing a form available through the Weld County Department of Planning Services or the official Weld County website. The application form is complete and should be sent to the Director of Planning Services.

Also, you can fill out the form in the Planning and Zoning section of the county website at weldgov.com.

The Planning Services Director will review all the requests and recommend the names to the Weld County Board of Commissioners, who will provide approval/denial.

3. Amber Grant for Women

Amber Grant for Women is to help women entrepreneurs achieve their business goals without worrying about paying salaries to the staff. WomensNet offers the Amber grant in memory of an ambitious young woman who died at 19.

Monthly, a female entrepreneur is selected to receive a $10,000 Amber Grant. At the year’s end, one of the monthly Amber Grant winners is awarded an additional $25,000.

It means you can win up to $35,000, use it to grow your small business, and make it big.

To get more information about the Amber Grant for Women and how to apply, visit ambergrantsforwomen.com.

4. Patagonia Corporate Grants Program

Patagonia’s Corporate Grants Program funds nonprofit organizations focused on environmental conservation.

It supports local groups that work to protect local habitats and frontline communities through environmental-friendly actions.

While granting the business grant, they look for innovative businesses with proposed projects that are quantifiable and have specific goals and action plans to achieve those goals.

Grant amounts from Patagonia’s program range from $5,000 to $20,000. The company’s employee grants council reviews the grant applications at its headquarters.

For more information on how Patagonia Corporate Grants Program works, visit patagonia.com.

5. Ballentine Family Fund

The Ballentine Family Fund serves the region of Southwest Colorado. Most funding is available for businesses in Dolores, Archuleta, San Juan, Montezuma, and La Plata counties.

Ballentine Family Fund is for you if you are:

Nonprofit organizations
Tax-exempt 501(c)(3) entities
Projects under a 501(c)(3) organization’s fiscal agency

The grant size is based on the organization’s size applying for the small business grant. The grant amount ranges between $500 and $5,000.

The Ballentine Family Fund grants are available quarterly, but organizations can receive a business grant once per calendar year.

For further information, visit ballantinefamilyfund.com.

Conclusion

Moreover, you will find complete information at the end of each grant description. Don’t miss out on reading.

Grants for Medical