El Paso County opens next round of Regional Business enterprise Aid Fund grants for modest firms, nonprofits | Company

El Paso County is using applications for a next spherical of Regional Organization Reduction Fund grants to assist relieve money burdens on regional companies and nonprofits as they changeover into pandemic recovery.

“Thriving compact enterprises and work options are critical for complete economic restoration in our area. Funding systems that attain these objectives (is) the right issue to do,” El Paso County Commissioner Stan VanderWerf explained in a county information release Tuesday.

Small firms and nonprofits with less than 500 complete- and part-time workers who have experienced economic damage induced or exacerbated by the COVID-19 pandemic could acquire grants up to $20,000, the release states.


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Recipients could use the funds to deal with hire and home loans, utilities, worker payroll, personalized defense equipment and other fees. Recipients will not have to repay the money and previous Regional Business enterprise Aid Fund recipients are qualified to take part in the second spherical of grants.

The El Paso County Office of Economic Development has partnered with the Colorado Company Fund to aid the system, according to the release. The money is allocated from practically $140 million the county will get underneath President Joe Biden’s $1.9 trillion American Rescue Plan Act, passed in March to foster restoration from the pandemic.

County leaders announced this thirty day period they will commit the premier portion of the 1st $70 million El Paso County received in American Rescue Prepare Act cash to bolster workforce development and the nearby economy.

The application period of time is now open up as a result of 5 p.m. July 16. Little enterprises and nonprofits can post purposes on the Colorado Organization Fund web-site, coloradoenterprisefund.org/epcregionalbusinessrelieffund.


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Far more info on eligibility prerequisites, a regularly asked issues page and other information about the method is available on the website.

Those people who need to have support making use of for the grant can go to the Pikes Peak Local community College or university Rampart Assortment campus, 2070 InterQuest Parkway in Colorado Springs, on July 8 from 9 a.m. to 6 p.m.

Walk-ins are welcome, but registration for this event is encouraged and open online at https://little bit.ly/RBRFRound2Workshop.

Grant awards will be declared in August.