COVID-19 Business Resources
We recognize the businesses of Firestone work hard to provide quality goods and services to the community, and COVID continues to present challenges. This webpage has been revised to provide recent program updates and information, while still providing links to regional and national resources. If you are not able to locate the information you need, please contact a member of our team for assistance:
Paula Mehle: 303-531-6265 or firstname.lastname@example.org
Michelle Magelssen at 303-531-6263 or email@example.com
The State of Colorado has revised its colored Status Dial for levels of protection and capacity restrictions for business operations. The additions added a Purple Level - Extreme Risk and modified the Red Level- High Risk in terms of how a business may operate in terms of capacity. Primary enforcement of health order falls to the local health department, for Firestone that is the Weld County Public Health Department. The Town of Firestone does not enforce health orders.
For information from Weld County's Public Health Department, including posters for your business and additional resources visit Weld County's COVID-19 webpages.
Firestone Businesses Awarded Funds
The Town of Firestone was a proud partner with Weld County and other participating communities to provide the Weld County Business Recovery Program. The program was funded by a portion of Federal CARES Fund dollars from each participating community and is designed to aid businesses and other organizations that demonstrate financial stress or disrupted operations, due to the public health crisis, who are trying to reopen, stay open and/or modify their business operations or facilities to serve customers in a safe way. During the first round of the program Firestone businesses were granted over $112,000. During the second round it is anticipated that over $35,000 will be awarded.
At this time a 3rd round has not been announced but with the continued impact of COVID-19 businesses are encouraged to prepare for a possible 3rd round or new programs. All Firestone businesses were encouraged to review the program guidelines, minimum qualifications, and FAQ to determine eligibility and apply and should refer to this material for preparation for additional funding opportunities.
The Energize Colorado Gap Fund was developed to provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees were able to apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance.
In preparation for possible future funding business may obtain more information on this program by visiting the Frequently Asked Questions page, or watch this 1-hour webinar to understand who was eligible, the application timeline and process, the amount of funding that was available, what could disqualify applicants, help available, and what reporting requirements would be asked to complete if you were to receive a grant or a loan.
SBA PPP - updated loan forgiveness Q&A and new interim rule
New guidelines continue to be rolled out regarding the PPP loan forgiveness process and how to calculate your company’s eligibility. It’s key to stay on top of any new rules and regulations, to make sure your paperwork is up-to-date when you submit for forgiveness. Businesses are encouraged to watch for updates on the SBA’s PPP webpage, and contact their PPP lender and/or accountant before submitting PPP loan forgiveness application.
The SBA began accepting PPP loan forgiveness applications early August. Since then, the PPP loan forgiveness Q&A was updated. In addition, the SBA issued an interim final rule August 24th: Business Loan Program Temporary Changes; Paycheck Protection Program – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs. Another resource to consider is a webinar presented by the Small Business Development Center (SBDC) of Boulder. The webinar, Part 16 of the “Keeping Your Business Together in a Crisis” webinar series featured a PPP Loan Forgiveness Q&A, and presented guidance for businesses to help you determine what portion of your PPP loan is forgivable. Watch the presentation, or download the presentation slides.
Please note: The webinar pre-dates the updated Q&A and August 24th interim final rule.
The combined economic development support agencies of Weld and Larimer counties have launched a COVID response website to serve all businesses within the two counties. Check out NoCo Recovers for programs and services for the region. NoCo Safety Supply was developed through NoCo Recovers is a resource exchange for PPE, cleaning, and safety supplies for businesses and the workplace in response to the increased demand from the COVID-19 pandemic.
Safer At Home - Open for Business Updates
Guidelines for business operations under COVID are provided on a number of separate websites. This information has been consolidated on the Business Guidelines - Safer at Home webpage. The page bring together the regulatory and guideline materials from various sites within the State of Colorado webpages.
COVID-19 Business Resource Center
The State of Colorado provides a list of resources that are available to support small businesses, nonprofits, freelancers, and independent contractors. These include:
Free Professional Services from volunteers with a wide variety of experience including: consulting, fundraising, graphic design, financial professionals, and legal assistance.
Free Legal Advice in Colorado was created to match small businesses that need limited free legal advice regarding COVID-19 related issues with volunteer lawyers. If you are a small business that needs legal help, you can submit an application and volunteer lawyers will be asked if they are willing to assist you.
Call the Office of Economic Development and International Trade (OEDIT) Disaster Response Hotline at 303-860-5881 or email for assistance in connecting to various state departments and resources.
A list of Alternative Sources of Funding is also available to help Colorado small businesses find alternative funding sources beyond EIDL, PPP and other federal loans and programs.
DORA is regularly providing updated information for Licensees and consumers as regulations are modified through the pandemic. Visit DORA's website for the latest materials.
Businesses may find updated sector-specific information as it becomes available. Businesses may check the website for information from CDPHE when COVID changes are announced. Additional guidance for businesses and communities, including Public Health Orders and Data may be found through the Guidance for Businesses & Communities page.
The Colorado Small Business Development Center (SBDC), and specifically the East Colorado office, provide vital resources and guidance for small businesses. Learn more on the SBDC COVID-19 Information page.
The U.S. Small Business Administration offers a variety of Coronavirus Relief Options, including:
• The Paycheck Protection Program (PPP) is now closed and loan applications are no longer being accepted. Applications are now being accepted for loan forgiveness.
• The Economic Injury Disaster Loan (EIDL) is also low-interest to provide economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue. Application deadline is December 31, 2020.
• SBA Express Bridge Loans enable small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
• The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic though SBA Debt Relief.
• SBA Guidance for Businesses and Employers addresses employee health measures and common issues small businesses may encounter such as: capital access, inventory and supply chain shortfalls, changing market demand, and emergency planning exercises for your organization.
The U.S. Treasury Department’s Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The fully refundable tax credit for employers is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. A brief overview of this program is provided in What You Need to Know.
Guidance for Businesses and Workplaces is provided by the Centers for Disease Control and Prevention (CDC) on their website. Information provided includes: guidance for businesses that are open, Ongoing Mitigation Strategy, Prevention and Support, COVID stakeholder calls and Communication Resources.