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City of Fort Collins Launches $1.5M Small Business Recovery Fund

Released on Tuesday, September 8, 2020
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The City of Fort Collins is launching a $1.5M financial assistance program through Coronavirus Relief Federal funds to provide relief to businesses and nonprofits in the amount of up to $7,500. This assistance will not have to be repaid. The application will open September 8 at fcgov.com/business through September 23.

Two application technical assistance events have been scheduled for:

  • Thursday, September 10 at 10 a.m.
  • Monday, September 14 at 6 p.m.

The application and technical assistance events will be also be available in Spanish.

Eligibility of the program includes:

  • Physically located within the City of Fort Collins boundaries
  • 2-20 employees (non-family)
  • Gross revenue under $2M
  • In operation since July 1, 2019
  • Active sales tax license
  • No unpaid code enforcement liens
  • Verifiable loss of income
  • Lawful presence

“Our small businesses are giving it their all to manage the impacts of coronavirus related closures, mandates, and changes. Our intent is to leverage these federal resources through this fund to help cover expenditures incurred or that may be incurred as a result. Ultimately, if we can help ease some economic impacts, businesses can focus on keeping doors open and their workforce intact,” said Josh Birks, Economic Health Director for the City of Fort Collins.

The City of Fort Collins received $9M in Coronavirus Relief Federal Funds and will focus on City reimbursable expenditures, as well as social and economic recovery including rental assistance, food security, and business support. Economic Health will also support businesses through Coronavirus Relief Funds by reinstating the Main Street Loan Fund program that had been converted to an emergency relief loan fund program earlier this spring, a free de-escalation training for businesses and front-line staff, and adding capacity to engage with women and minority-owned businesses.

To see if your business is eligible, attend a technical assistance event, or to apply, visit fcgov.com/business.

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