Business Foundations Technical Assistance Program

Any Colorado small business can take advantage of this program. This program is intended for small businesses that want to be established legally in Colorado, create their basic accounting system, and incorporate digital tools to improve their reach and customer service.

1. You will be directed to start with a questionnaire within the system to tell us a bit about your business. 
2. Complete all 3 training paths and receive a certificate of completion from the online learning system. If you already have documents to supplement one of the training paths, you will still need to visit the training path, but you may skip to the end and submit your supplemental documentation.
3. After completing the 3 training paths, you may apply to receive a small grant award of up to $1,200 to reimburse expenses incurred during the training and the installation of an accounting system and digital tools for your business. For example, you may apply to receive a grant to cover the cost of buying or subscribing to an accounting system for your business.

This grant reimburses the costs for incorporating a new accounting system or digital tools for your business. The grant is a reimbursement, meaning we will refund your expenses after they are paid. You must include receipts of your expenses dated after you register for this program. Each business may only apply once. The maximum grant amount is $1,200 per business.

Documents you will need to provide

To apply for the Business Foundations grant, you will need to prove that you have completed the training for the Legal Pathway, Accounting System Pathway, and Digital Pathway. To do so, we ask that you provide: 

• Secretary of State registration certificate
• Employee ID Number (EIN) certificate
• your business budget sheet
• your business cash flow sheet
• your business balance sheet
• Screenshot of your business’ website
• Screenshot of your business’ Facebook, Instagram, or LinkedIn 

To avoid delay in processing, please ensure that all documentation is valid and current. Read all of the instructions carefully before you apply. 

How to apply

1. Complete all 3 training pathways and obtain your Business Foundation certificate from the system
2. Gather all of your receipts from payments made in each training. If you don't have them yet, prepare the receipts in any electronic format (a photo of the receipt, PDF, etc.). In the grant application module is a “List of Eligible Expenses.” Please review this list before making a purchase to ensure it is an eligible expense.
3. Access the grant application form by clicking on the grant application lesson in Thinkific. Complete the information requested.
4. Upload all required reimbursement documents within the grant application. In order to upload the documents in the grant application, you will need to have a Google account. If you are unable to create a Google account or you are having issues with the grant application, please send an email message to mbo@state.co.us.
5. In the application form, you will need to agree to the State of Colorado Small Dollar Grant Award Terms and Conditions.
6. Click the blue Submit button on the application. This will officially time stamp your grant application and place it in the queue for review.  

If you have any questions please contact us at mbo@state.co.us with the subject "Business Foundations Grant".

Applicants can request reimbursement for the items listed below, not to exceed a total of $1,200 per business.

Eligible expenses

Training platform 

• No expense allowed

Legal Pathway

• No expense allowed 

Accounting Pathway

• Monthly accounting system costs/fees for up to one year with a maximum of $400 per business
  • Examples include: Quickbooks Online, NetSuite ERP from Oracle, Xero
    Monthly accounting system costs/fees for up to one year with a maximum of $300 per business
     
• Bookkeeping services cost allowable for 6 months maximum $100/month up to 6 months 

Digital Pathway

• Website improvement costs with a maximum of $1,200 per business
  • Only one invoice will be accepted for reimbursement.

Please note: The business owner must prove that all the expenses requested for reimbursement were incurred after the applicant was already registered in the Business Foundations Program.

Ineligible expenses

• Secretary of state registration
• any expenses that have been purchased before the registration date to the Business Foundations Program
• expenses that have been or will be reimbursed under any other program
• lobbying
• repayment of debt
• expenses that do not meet the intent of the program as described in the eligible section
• expenses that can not be proved with a receipt paid for by the business