During a special Town Council meeting on December 21, 2020, Frisco Town Council approved an emergency ordinance, which dedicated a total of $500,000 to two business grant programs, the Frisco General Business Assistance Grant Program and the Frisco Business Innovation Grant Program.
Businesses may apply for both grants if eligible.
Businesses must submit applications on or before 11:59pm on December 30, 2020 for priority review, but applications will be accepted and reviewed on an ongoing basis through January 31, 2021 with grants being dependent on funding availability.
The application process has been made as simple as possible so businesses are able to fill out these applications independently using information and documents typically available in the normal course of business, and a guide to key information needed for each application is included below.Find Out More About Both Grants
The State of Colorado’s “5 Star” Certified Business Variance Program allows businesses to expand operations by implementing safety measures beyond what is already required by public health orders and guidelines to help slow the spread of COVID-19. This program is designed for responsible businesses that are following public health guidance, and going above and beyond to prioritize the health and safety of their staff and customers.
Launched on December 18, 2020, the Summit County 5 Star Certification Program allows restaurants that achieve the certification to open indoor dining at a capacity of 25%, limiting seating at individual tables to one household. Bars that operate like a restaurant are also be eligible. On Monday, December 28, Summit County expanded the program to personal recreation businesses, such as gyms and yoga studios.
On Monday, December 7, 2020, Governor Polis signed a bill which included $37 million for direct relief payments to small businesses located in counties under red restrictions, like Summit County. Based on preliminary guidance from the State, it sounds like restaurants, bars (includes establishments like a winery, brewery, distillery, etc.), caterers, movie theatres, and gyms and recreation centers will be eligible for assistance of $3,500-$7,000 if they are down 20% or more compared to 2019 or opened between January 2020 and April 2020. The State is still determining final requirements for county eligibility. We will update eligibility and application information as soon as it becomes available from the State and then Summit County.
Small Business Relief FAQ
The bill provides an additional $20 million in grant programs and funds specifically for art and cultural organizations, minority-owned businesses, and annual fee waivers to struggling small businesses that offer on-premise food and alcoholic beverage consumption.
Below are the current and forthcoming Federal financial assistance programs that will be updated regularly as new information becomes available.
This Google sheet helps Colorado’s small businesses find alternative funding sources beyond the EIDL, PPP, and other federal loans and programs.
This new financing option is for rural-based Colorado businesses that have been impacted by COVID-19. Learn More.
Loan details of the Small Business Emergency Loan Program are as follows:
Colorado COVID-19 Legal Relief provides free legal support for businesses.