Town News

Energize Colorado Gap Fund Update and Opportunities for Businesses

Energize Colorado Gap Fund Update

The new Energize Colorado Gap Fund developed from the State of Colorado’s Coronavirus Relief Fund will provide more than $25 million in small business loans and grants to boost small businesses impacted by COVID-19. The program is designed to help small business who may have been unable to secure financial assistance through other programs.

  • Sole proprietors, businesses and non-profits with less than 25 full-time employees can qualify for up to a $15,000 grant and a $20,000 loan, for a possible combined total of $35,000 in financial assistance.
  • A single application is required for both the grant and loan, and the application process is competitive, rather than first-come, first-served. Applicants are encouraged to be thoughtful in their responses as not all applications are guaranteed approval.
  • Funding will be distributed in phases. The current application deadline is Monday, September 14, 2020, and the application process will reopen a  later date (TBA).
  • Applicants need to demonstrate and clearly articulate through writing, the economic hardship their organization is experiencing, along with their choice of documentation such as bank records, point of sale receipts, profit and loss statements, or other documents demonstrating economic harm.

Grant Summary

  • Of the $20 million allocated by the State for grants, $5 million is earmarked for businesses in the tourism sector.
  • Energize Colorado will try to award grants first, before offering a loan.
  • The grant functions as a reimbursement for expenses incurred due to COVID-19, so the applicant must already have spent the money prior to submitting the application.

Loan Summary

  • Loans are distributed at a less than 1.5% interest rate for 2-3 year terms.

Application Process

  • Energize Colorado will provide interested applicants with assistance during the application process through a mentorship program.
  • Applicants can call the Energize Colorado hotline, open seven days a week from 6:00am to 6:00pm at 1-800-471-0628 with any questions, or email GapFundSupport@energizecolorado.com
  • For more information on this program or if you are ready to apply, click the button below.
Energize Colorado

Resource Wise by High Country Conservation Center

Resource Wise is Summit County’s sustainable business certification program. Managed by High Country Conservation Center, staff work in partnership with the Towns of Frisco, Dillon, and Breckenridge, and Summit County Government to help businesses reduce energy use, carbon emissions, and waste while improving recycling, composting, and purchasing practices.

Enrolled Resource Wise businesses receive the following benefits:

Free energy and sustainability business assessment

Enroll in the Resource Wise program get free sustainability and energy assessments. You will receive two reports and an initial score based on the results of these assessments.

Free quick-fix energy upgrades

    • LED tubes to replace fluorescent lighting and increase energy efficiency
    • Pre-rinse spray valves for commercial kitchens to improve water efficiency and reduce costs
    • Faucet aerators to reduce water consumption
    • Air sealing to improve indoor building comfort and lower energy bills
    • Water heater blanket and pipe wrap insulation to reduce water heating costs

Free project coaching

Get top recommendations for improvement and help your business identify and complete a project.

Rebates for sustainable upgrades

Any business that completes an energy or sustainability project can receive a rebate covering 50% of the cost up to $1,100.

Certification

There are four different levels of certification in the Resource Wise program, each with increased benefits. We encourage all businesses to set a goal for the level they wish to achieve and work to get there!

Free marketing outreach

All certified businesses receive free marketing outreach from HC3.

Resource Wise businesses save money by saving energy and have a positive impact on Summit County’s carbon footprint.

Enrollment in the program is free – contact Dominique Giroux at dominique@highcountryconservation.org or 970-668-5703 to get started.

Summit Biz Rebuild powered by CO.STARTERS

Businesses are now welcome to apply for the second cohort of the Summit Biz Rebuild program to meet on Thursdays from 5:30 to 7:30pm, September 24 through November 19, 2020.

The Summit Biz Rebuild program, powered by CO.STARTERS and hosted by the Summit Chamber of Commerce, is a 9-session business “boot camp” that meets once a week to help business owners recover, get “unstuck” and get the support they need to refocus, rebuild and succeed – in business and life – during these challenging times.

  • The program gives business owners access to the tools, insights and relationships needed to survive and thrive right now and in the future.
  • The course follows a new e-learning program developed by the national organization, CO.STARTERS, with the expectation that participants show up to weekly sessions and remain engaged.
  • Weekly meetings will primarily be held virtually, however some in-person sessions, with all the health precautions in place, will also be scheduled. The location will be determined.

Summit Biz Rebuild is now offering a special price of $75 (normally $550) to cover materials and supplies for the second cohort, with very limited spots available. This special price is available to all businesses and freelancers through the generous support of our sponsors, The Summit Chamber, Startup Colorado, FMI Foundation and the USDA/REDI grant.

For more information on the program, visit the Summit Chamber of Commerce Road to Recovery webpage.

Apply Here

For more information on other resources for businesses during COVID-19, please visit our Strategic Economic Response Team page.