Financial relief for local small businesses
Information provided by the City of Castle Pines and Douglas County
Both the City of Castle Pines and Douglas County recently announced the establishment of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) grants to provide financial assistance to local small businesses.
City of Castle Pines –
The City’s grant will reimburse small businesses within the City limits for the cost of employment or business interruption caused by required ordered closures due to COVID-19.
According to Mayor Tera Radloff, the City intends to award grants of up to $5,000 to businesses that are eligible and qualified. The amount of each award will depend on the demonstrated cost of employment or business interruption due to the COVID-19 pandemic and the total number of grant applicants. The City’s grant application period closes at 11:59 p.m. on Sunday, December 6.
To learn more about the City of Castle Pines grant program, visit https://www.castlepinesco.gov/castle-pines-cares-small-business-grant/.
Douglas County –
Restaurants and indoor event venues with physical locations in Douglas County with 200 or fewer employees may be eligible for COVID-19 impact grants. Through the CARES Act, Douglas County has allocated $15 million to fund grants for restaurants and indoor event venues that have experienced revenue loss due to capacity reductions required by recent public health orders.
Restaurant and event venue owners are encouraged to review eligibility details for the Douglas County CARES Restaurant and Event Venue Impact Grant. Applications will be accepted December 1 through December 30. Grants will be awarded on a first-come, first-served basis to qualifying businesses based on the order in which the applications are received.
Individual grant amounts will be based upon COVID-19 impact and revenue loss as demonstrated in the application. Grant awards will be equal to 10% of the revenue loss calculated up to a maximum of $200,000.
To learn more about the County’s program, visit https://www.douglas.co.us/restaurant-event-impact-grant/.
