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Businesses, nonprofits can now apply for grants to offset impacts of COVID

City started taking applications Tuesday for new Boost Longmont Business Grant program.
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Longmont  small businesses and nonprofits can now apply for grants of up to $15,000 to help them rebound from the effects of the coronavirus pandemic. 

The application period opened Tuesday for the new city Boost Longmont Business Grant program,whch was announced last week. Applications will be taken here through Nov. 1.

The grant program aims to “encourage the recovery, resilience and long-term viability of local small businesses and nonprofits contributing to a strong local economy,” according to a news release.

The city has set aside $1.1 million from the federal Coronavirus Aid, Relief, and Economic Security Act  Coronavirus Relief Fund for the program, according to the release.

Grants can be used for the following types of eligible expenses incurred prior to Dec. 31 that have not already been offset by other financial assistance or grant funds:

  • Commercial lease/mortgage and utility payments.

  • Payroll and employee benefits.

  • Debt payments.

  • Inventory, including perishable inventory that was lost because of a closure or a reduction in operations.

  • Revenue lost as a direct result of the COVID pandemic (e.g. through full or partial business closure).

  • Equipment supplies and services necessary to reopen/resume/continue operations with COVID-19 safety measures in place, including personal protective equipment, plexiglass, cleaning services and supplies, marketing/signs/website design for a modified business model, onsite testing, safety certifications and contact tracing.

  • Equipment, employee training or other expenses associated with pivoting business to meet market demands resulting from COVID-19.

  • Other working capital expenses demonstrated as a need and agreed upon by the grant review panel.

For more information, including eligibility criteria, click here. Questions can be emailed to Rigo Leal at [email protected].