Weld County and participating communities have directed a portion of their Federal CARES Fund dollars to the Weld County Business Recovery Program, managed by Upstate Colorado. The program is designed to aid businesses that demonstrate financial stress or disrupted operations due to the public health crisis and who are trying to reopen, stay open and/or modify their business operations or facilities to serve customers in a safe way.
Grants distributed through the Weld County Business Recovery Program will be provided on a reimbursement basis and range from $10,000 to $25,000. Applications will be evaluated on application completion, priority analysis, financial position review and the ability of a business to leverage the funds most effectively through the recovery effort to achieve long-term success.
Eligible expenses for reimbursement through the grant include: costs associated with disrupted supply networks, interior building repairs/upgrades, workforce training, prevention measures such as testing supplies, lost revenues as compares to previous year, company utilities, rent/mortgage payment assistance, technology for remote workers, PPE, sanitation equipment, repayment of loans related to COVID-19, and other costs associated with the health crisis. Additional eligibility guidelines for restaurants and nonprofits can be found on the grant website.
The application review committee, which represents stakeholders throughout Weld County, will determine eligibility and grant amount. Awards will depend upon the number of applicants, availability of funds, and demonstrated need. Applications close September 30, 2020. Grant awards will be distributed soon thereafter.
Additional information, official guidelines, and the online application for the Weld County Business Recovery Program can be found at www.weldrecovery.com.