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Business Assistance


 
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The City and County of Denver recognizes the impact of the COVID-19 pandemic on our local business community and is committed to identify and implement resources that will help business owners and their employees.

As such, we are working on a business support plan that will change and expand as more resources become available. Currently, Denver is offering the following business resources:

City agencies will work with City Council to establish a special revenue fund for Denver Economic Development and Opportunity (DEDO) programs and complete other contracting requirements to initiate the programs. 

DEDO will be working with the state and federal governments on the next steps for our businesses to have the ability to apply for the Small Business Association’s Economic Injury Disaster Loan. These loans could provide up to $2 million to small businesses or private, non-profit organizations that suffer a substantial economic injury resulting from a declared disaster, like COVID-19.  

The city is also working to secure commitments from corporate partners to advance additional support for businesses and employees and is supporting efforts by the banking industry to obtain regulatory authority to provide deferrals for loan payments. Denver International Airport is working with airlines and the aviation industry to support federal action to provide relief to aviation workers and supporting businesses.
 


Denver Business Assistance Programs

Small Business Emergency Relief

A city-wide program that addresses the most immediate needs of the business community. The program prioritizes those industries who are most impacted by the coronavirus pandemic, such as the food industry, nail salons, barbershops, home childcare providers, and retail shops.

Providing up to a $7,500 in cash grants to our most vulnerable, this program is designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying their rent and utilities, or have had to lay off staff.

Please Note: This temporary relief program is intended to be available for a four (4) month period, subject to change. The program is being rolled out in monthly phases with deadline to submit applications being the last day of the month from March through June.

This program is for business owners within the City & County of Denver only.


Grant Awardees


Have Questions?

For questions about this program, email us at InvestInDenver@denvergov.org.

Denver Microloan Program

  • City-wide program
  • Provides loans from $5,000-$50,000
  • Provides lending capital and support services to small businesses to support their stabilization efforts
  • Focus on targeted industries located in most vulnerable neighborhoods as identified by Denver’s Neighborhood Equity & Stabilization Team

Workforce Services

Denver Workforce Services is hosting a Virtual Job Fair that allows you to interview candidates remotely, as well as Hiring Teleconferences hosted Monday-Friday via phone with two employers each day from 11-11:30 a.m. & 1-1:30 p.m. To participate, or if you have questions, email Workforce.Development@denvergov.org

Federal Small Business Support

Small Business Association (SBA)  Economic Injury Disaster Loans are available for qualifying businesses in Colorado suffering from substantial economic injury due to COVID-19. Learn more here:

 

Temporary Outdoor Expansions for Restaurants and Bars

The City and County of Denver is creating a temporary program to allow restaurants and bars to operate in outdoor settings adjacent to their businesses. The intent of the program is to allow for greater physical distancing and safety for patrons when the state’s public health orders allow restaurants and bars to resume sit-down service. While final rules and regulations are still in development, proposals could include expansion into designated outdoor areas such as adjacent parking lots, streets and sidewalks.

Colorado Artist Relief Fund

The Colorado Artist Relief Fund is a partnership between Denver Arts & Venues, The Andy Warhol Foundation for the Visual Arts, Colorado Creative Industries and RedLine Contemporary Art Center. Please visit RedLine’s website for more information and to apply for the Colorado Artist Relief Fund. Please note, this is a new partnership with continued relief support, but not a new fund.

NOTICE TO CURRENT & POTENTIAL APPLICANTS: Due to an overwhelming amount of applications, the Colorado Artist Relief Fund has been temporarily closed. In the meantime, individuals, foundations and organizations can contribute to the Colorado Artist Relief Fund. If foundations or corporations are interested in partnering on this initiative, they should contact louise.martorano@redlineart.org.

Sales and Use, Occupational Privilege, Seat Taxes

The City and County of Denver will continue to waive the 15% penalty for late payment for sales and use, occupational privilege, and facility development admissions (seat) taxes.

  • Businesses must still file their April tax returns and remit the tax funds within 30 days of the due date (penalty will be waived if tax returns are filed and taxes remitted by June 15th for seat tax and June 20th for sales, use and occupational privilege taxes). 

This is the third consecutive month in which the Department of Finance (DOF) has waived the 15% late penalty to provide relief to businesses. DOF will evaluate extension of the waiver on a month-by-month basis. 

2020 Business Personal Property Declaration Filing Deadline Extension

The 2020 Personal Property Declaration filing deadline will be extended from April 15, 2020 to June 15, 2020, as allowed by Governor Polis’ Executive Order (XO) #D 2020 022.

Read the press release.

Real Property Tax Relief Efforts for Residents and Businesses

Governor Jared Polis’ Executive Order #D 2020 031 authorizes county treasurers to extend the waiver of interest on late payment of property taxes through April 30, 2020. The action also allows property owners who had previously chosen to pay property taxes all at once to pay in installments.

Effective immediately, Denver will:

  • Waive 100% of late payment interest through April 30, 2020 (original order was through April 20).
    • Property owners who have not yet paid the first installment of property taxes may now pay their first installment on or before April 30 with interest waived. The second installment is due June 15, 2020.
    • Property owners who intended to pay in full on April 30 may still do so or may now choose to pay in two installments. The first half is due April 30 and the remainder is due June 15, 2020.
 

State and Federal Resources

Small Business COVID-19 Disaster Response Hotline 303-860-5881.

Learn More

Learn More

Governor Polis’ executive order D 2020 12 directs the Division of Banking to encourage state-chartered banks to suspend foreclosures as well as consider other financial accommodations such as loan payment deferments. OLORADO

Learn More

Employees will need the following to file unemployment: Social Security number, valid ID, employer information (hours worked, rate of pay). Due to high volume, the State asks you to file a claim on Sunday, Tuesday, Thursday or after noon on Saturday if your last name begins with the letter A-M and on Monday, Wednesday, Friday or before noon on Saturday if your last name begins with the letter N-Z.

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Businesses who believe their business has suffered substantial economic injury as a result of the Coronavirus outbreak should consider applying for up to $2 million at the SBA Office of Disaster Assistance website. Contact the Customer Service Center at 1-800-659-2955 or disastercustomerservice@sba.gov.

  • Economic Injury Disaster Loan Advance for up to $10,000. The form to apply is part of the EIDL application. If approved, these funds can be used for payroll and other operating expenses and will be forgiven.
  • Small Business Emergency Grants are direct grants for businesses that apply for but do not qualify for the Economic Injury Disaster Loan (EIDL) program. View the information under the third header on the SBDC page.

Learn More

  • A payroll tax credit is available for wages paid by businesses that fully or partially close due to the coronavirus.
  • A payroll tax deferral allows businesses to apply for a deferral for payroll taxes owed in 2020. Half would be payable in December 2021 and the other half in December 2022. Businesses receiving other EIDL or Paycheck Protection Loans would not be eligible.

Learn More

This program provides 100 percent federally guaranteed loans to small businesses that maintain their payroll during this emergency. These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. Please reach out to your lender for more information.

  • Under the Express Bridge Loan (EBL) Pilot Program small businesses who currently have a business relationship with an SBA Express Lender can access up to $25,000 with less paperwork. https://bit.ly/2xz32FV
  • For borrowers who already had SBA 7A loans in place before COVID-19, SBA can make six months of principal and interest payments for all SBA-backed business loans.