Minority Business Office COVID-19 Emergency Grant

The Minority Business Office COVID-19 Emergency Grant was for minority-, women-, and veteran-owned businesses that completed Minority Business Office programs and needed additional resources to sustain their businesses through the pandemic crisis.

Grant awards ranged from $2,000 to $4,500 per business. Funds were awarded on a first-come, first-served basis. A maximum of one grant was awarded per business.

 Applications are closed. This was a one-time grant that closed on June 30, 2020.

Overview

Type: Grant

For: Minority-, women-, and veteran-owned businesses

Amount: $2,000 to $4,500 per business

Application deadline: May 31, 2020

OEDIT division: Minority Business Office

Eligible organizations

Businesses must:

  • be a Colorado-based, for-profit business
  • be 51% minority-, veteran- or woman-owned
  • have completed the Leading Edge for International Opportunities (renamed to the Global Trade Activator Program) or Bid Advance Response Program and/or been an awardee of the Governor’s Minority Business Awards
  • provide a Certificate of Good Standing from the Colorado Secretary of State within the last 30 days
  • demonstrate ongoing efforts to identify alternate sources of funding or alternative sources of revenue in the last 45 days
  • provide a profit and loss statement form from 2019 showing more than $25,000 but no more than $1 million in revenue or sales
  • demonstrate financial hardship as a result of the COVID-19 crisis

Eligible expenses

Grant funds can be used to pay for:

  • payroll, rent, utilities, and miscellaneous overhead expenses
  • production and manufacturing expenses
  • other expenses occurred as a result of the business needing to stay in operation

A selection panel reviewed applications based on:

  • the amount requested
  • level of impact COVID-19 had on current business operations
  • demonstrated resiliency and innovation
  • demonstrated financial need

Grant recipients will be required to provide one narrative report to the Minority Business Office by December 31, 2020.

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