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Local Nonprofits Receive Close to $1 Million of Funding in Second Round of Emergency Relief Grants

Denver Economic Development has to date allocated nearly $12 million in urgent relief programs to small businesses and nonprofits

DENVER – Denver Economic Development & Opportunity (DEDO) announced today that an additional $970,252 in grants have been awarded to 91 local nonprofits and community-based organizations. The grants are being provided through the Nonprofit Emergency Relief Fund’s (NPERF) second round of funding, and is currently accepting applications until September 11 for its third round of grants. This is in addition to the 57 nonprofit grants announced on July 28, 2020.

“Since the onset of the COVID-19 crisis back in March, DEDO along with our internal and external partners have stepped up to provide rapid response to residents, businesses, and nonprofits,” said Eric Hiraga, DEDO’s Executive Director. “The needs brought by this pandemic are complex, and while we are proud of the support provided to businesses, residents, and neighborhoods, we also know that nonprofits and community-based organizations have been severely impacted. As we work toward economic stability, we will continue to identify funding resources that allows us to develop and implement more economic relief and recovery initiatives for our community.”

The NPERF is only one of the economic relief programs that DEDO has put into action to help mitigate the effects of COVID-19. To date, through DEDO, nearly $12 million of urgent relief has been allocated or is in the process of being distributed to small businesses and nonprofits.

DEDO COVID-19 Economic Relief Programs – As of August 31, 2020

Small Business Emergency Relief Fund

  • 1,098 grants with a total disbursement of $7.3 million
  • 65% to minority and/or women-owned
  • 86% to businesses with 10 employees or less

Nonprofit Emergency Relief Fund

  • 148 grants with a total disbursement of $1,556,119
  • 81% to nonprofits serving under resourced neighborhoods, as identified by DEDO’s division of Neighborhood Equity & Stabilization
  • 90% to nonprofits with diverse leadership

PPE Kits

  • 2,775 small businesses/nonprofits approved to receive a kit
  • 56% to minority and/or women-owned
  • 81% to businesses/nonprofits with 10 employees or less

Priority Neighborhood Small Business Fund

  • Phase 1: $1 million 
  • Aiming to provide ~150-200 grants 
  • Currently on initial round and accepting applications from small businesses located only within 10 neighborhoods identified as under resourced.

Last week, DEDO in collaboration with other city agencies published its COVID-19 Economic Relief Progress Report, which summarizes all the economic relief activities to date, since the start of the pandemic.