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 an easy job as it requires you to buy infrastructure, pay salaries to your staff, and market your business.
All these jobs require money, and you can’t go further if you don’t have the money.
Don’t worry, as you can take the help of 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 to get a small business grant for your business.
Let’s discuss what a small business grant is and what you can do with it.
Small Business Grants – What are these?
Small business grants are nothing but monetary assistance for small businesses to run the primary functions of a small business: pay salaries to the staff, buy goods, and infrastructure development.
As a business owner, you can use the business 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 are not following the grant giver’s terms, he can withdraw the business grant, and you 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 applies for a business grant, but the payoff can be worth it if you successfully secure a business grant for your small business.
Both government and private organizations offer small business grants, and they 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 under which it awards over $250,000 to small businesses. 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 continues up to a particular date. Finally, the winners will be announced.
There will be seven first-place winners who will get $20,000 each and three grand prize winners who will get $50,000 each.
To get the FedEx Small Business Grant, your business must be:
- At least six months old
- Not more than 99 employees
For 2022, the voting has been closed, and the winners will be declared on 4 May. For more information, you can visit fedex.com.
2. Weld County Small Business Incentive Program
Weld County’s Small Business Incentive Program (SBIP) provides small businesses with financial assistance to pay for offset land use, building permits, and other purposes.
The program aims to reduce the upfront capital outlay for small businesses in unincorporated Weld County of Colorado.
To apply for SBIP, you need to fill out the application form available at the Weld County Department of Planning Services. 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.
For more information on Weld County Small Business Incentive Program, you can visit weldgov.com/files.
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.
Each month, the Judges (appointed by the organization) pick a female entrepreneur and grant her an award of $10,000. After awarding the monthly prizes of the year, there will be a $25,000 award for one of the 12 monthly winners.
It means you can win up to $35,000 and use it for your small business and make it big.
Get more information about Amber Grant for Women and how to apply for it, visit ambergrantsforwomen.com.
4. Patagonia Corporate Grants Program
Patagonia Corporate Grants Program is a small business grant program for nonprofits striving to preserve and protect the environment.
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.
The grant amount falls between the range of $5,000 and $20,000. Their employee grants council reviews the grant applications at the company 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 of the funding is available for businesses in Dolores, Archuleta, San Juan, Montezuma, and La Plata counties.
Ballentine Family Fund is for you if you are:
- A nonprofit business
- A tax-exempt 501(c)(3) organization
- A project or organization under the fiscal agency of a 501(c)(3) organization
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.
The program and grants listed above are suitable for small businesses impacted by the Covid-19 pandemic.
Moreover, you will find complete information at the end of each grant description. Don’t miss out on reading.