Park County has established the Small Business and Nonprofit Assistance Program (SBNAP) to provide financial assistance to small businesses and nonprofits to mitigate the negative economic and social impacts of COVID–19.
Donor Name: Park County
State: Colorado
County: Park County (CO)
Type of Grant: Grant
Deadline: 09/23/2023
Size of the Grant: $50,000
Details:
SBNAP will provide financial assistance to small businesses and nonprofits in Park County in two categories: Negative Economic Impact and Community Project grants.
Negative economic impact:
- Award Ceiling $5,000
- To help mitigate a financial hardship that the entity experienced due to the COVID-19 pandemic (payroll and benefits, costs to retain employees, general operating costs (including mortgage, rent, utility, etc.), and technical assistance and counseling to support business planning.
Community projects
- Award Ceiling $50,000
- For projects that address community needs identified or worsened by the COVID-19 pandemic and its economic impacts.
Eligibility Criteria
To be considered for funding through SBNAP, applicants must meet the following criteria: Have a physical location in unincorporated Park County
- Operating since at least March 26, 2019
- Be current with Park County real and property taxes (if applicable to Non-profits)
- Be registered with the Colorado Secretary of State and be in good standing (for Small Businesses only)
Small businesses must also meet the following criteria
- No more than 500 employees.
- Must be an independently owned local business (not a chain), owned by a Colorado resident.
- Marijuana facilities are not eligible.
Nonprofits must also meet the following criteria:
501(c)(3) or 501(c)(19) tax-exempt status.
NOTE: If applying for the negative economic impact grant, applicants must also demonstrate that they were financially impacted by COVID-19. This can include:
Was/has been forced to temporarily close or dramatically limit operations due to the COVID-19 public health orders; or, Experienced at least one of the following:
- Decreased revenue
- Financial insecurity
- Increased costs (uncompensated increases in service need)
- Limited capacity to weather financial hardship
- Challenges covering payroll, rent or mortgage, and other operating costs
Use of Funds
To ensure compliance with federal regulations, policies, and procedures, the following outlines the eligible and ineligible uses of SLFRF funds:
Eligible use of funds includes the following for each grant program:
- Negative Economic Impact
- Payroll and benefits
- Costs to retain employees
- Mortgage, rent, utility, and other operating costs
- Technical assistance, counseling, or other services to support business planning.
Community projects: Project costs are intended to be used for future costs which may include personnel and other operating costs, as well as any project specific costs. Projects need to address a community need related to one of the following:
- Maintenance or building of infrastructure;
- Health services, including behavioral health services;
- Childcare services, including afterschool or daycare;
- Food assistance.
For more information, visit Small Business and Nonprofit Assistance Program.