There are many types of business grants available in Colorado. Award sums, qualifying criteria and selection committee objectives vary from one source to another. Here are just a few of the most popular grant programs and providers:
Office of Economic Development and International Trade grants
The Colorado Office of Economic Development and International Trade (OEDIT) encourages dynamic economic development and sustainable job growth with a range of financial and technical programs that support various Colorado industries, regions, and sectors. This strategy includes the delivery of funding, services and other support mechanisms via more than 120 grant programs and incentive initiatives.
Apply for everything from tax credits and art courses to film production grants and tourism marketing funds from one convenient location. Grant awards can go from the low $thousands to $350,000 and more.
Customized job training grants
Also known as the Skill Advance Colorado program, Colorado’s customized job training grants offer State funding to strengthen business competitiveness, foster talent and improve employment opportunities. Jointly offered by the Colorado Community College System and OEDIT (see above), the program comes in two varieties:
- Colorado first job training program – funds customized training for net new hires of new and expanding Colorado businesses.
- Existing industry job training program – funds customized incumbent worker training for established Colorado businesses.
Small food business recovery & resilience grant
If you run a Colorado-based food business or farm, this grant could be a good match for your funding needs. The Small Food Business Recovery and Resilience Grant aims to increase access to and lower prices for healthy food in low income, low access areas of the state by supporting small food retailers and small family farms. With a total award pot of approximately $6 million, the program can offer individual grants of up to $50,000 per qualifying business per year.
First southwest community fund grants
First Southwest Community Fund has partnered with the Colorado Startup Loan Fund to offer small business grants of up to $15,000 for underserved small businesses (10 or fewer employees) located in rural Colorado. Grants can be used for:
- General operating expenses.
- Technical assistance, including help with financials, business planning, human resources, legal consulting and more.
- Down payment assistance.
Colorado springs grants
Strictly for businesses located in the downtown area of the city of Colorado Springs, the nonprofit Downtown Development Authority offers small business grants to help local enterprises grow and thrive. Grants are awarded across three different categories:
- Building enhancement Grants (awards from $10,000 to $50,000).
- Retail incentive grants (awards from $10,000 to $50,000).
- Tree canopy grants (awards from $2,000 to $12,000).
The Denver Foundation grants
The Denver Foundation is a Colorado-based nonprofit organization that focuses their funds and energies on the seven-county Denver metropolitan region. The Foundation offers a range of grants, typically aimed at reducing racial, ethnic and economic disparities. Grant awards vary from $20,000 to $50,000 per successful claimant. Nonprofits located in the Metro Denver region with a 501(c)(3) designation can apply for funding in the spring and fall each year.
MORE: Find grants for minorities, veterans, women, felons, black women and farmers.