The Small Business Relief (SBR) Program is a State of Colorado program created during the recent legislative Special Session under Senate Bill 20B-001. The program makes $37 million available to small businesses in the restaurant, bar, fitness and recreational sports, and movie theatre industries that have suffered at least a 20% reduction in profits during the pandemic.
The legislation created a short window of opportunity for the program. To ensure eligible Dacono businesses have every opportunity to apply before the program closes, SBR applications are now being accepted. Eligible businesses must apply before the close of business on Tuesday, February 23rd.
All qualified businesses that submit an accurate and complete application will receive a relief payment. Award amounts will depend on the total number of qualified businesses and funding available. Funding decisions will be made on or around February 24th. Approved businesses will receive paper checks in the mail – no direct deposits – and an IRS form 1099 will be issued.
Program Overview -
Applications for the Small Business Relief (SBR) Program for the City of Dacono will be available Monday, February 1st through Tuesday, February 23rd.
These one-time relief payments, authorized by Senate Bill 20B-001 are available to locally owned small businesses that have been impacted by COVID-19 restrictions including restaurants, bars, breweries, wineries, distilleries, fitness and recreational sports centers, caterers, and movie theaters. Please refer to the Act created by Senate Bill 20B-001 and the Frequently Asked Questions (FAQ) for additional information on this State program.
Businesses that are currently operating, and have a reduced revenue of at least 20% due to capacity restrictions from public health orders, may be eligible for funding.
Eligibility Requirements -
Business must be in the restaurant, bar, caterer or fitness and recreational sports industries, or in one of the other eligible industries identified in State Bill 20B-001. The business must be able to provide current State licenses and verification of good standing and legal operation in Colorado.
Business must have or have applied for a current (2021) City of Dacono business license.
Business headquarters must be located in and is doing business in Colorado.
Business must have at least 20% revenue loss since March 26, 2020 (except businesses that began operations between Jan 1 and March 26, 2020).
Business must have less than $2.5M in revenue in each of the 2019 and 2020 calendar years.
Business must have at least one full-time employee except for sole proprietorships.
Business must have started regular business operations before March 26, 2020.
Business must be in compliance with public health orders.
Businesses that are NOT eligible -
Businesses owned or operated by officials or employees of the City of Dacono.
Businesses whose regular ongoing operations started after March 26, 2020.
Businesses that do not intend to continue operating in the State for at least six months after receipt of funding.
Businesses operating in violation of any State, Federal, or local laws.
Application Process -
Applications will be accepted starting on Monday, February 1st through the close of business on Tuesday, February 23rd.
Businesses in the City of Dacono are encouraged to apply as soon as possible. The window for applications is very short, and follow-up materials may be requested after application submittal to ensure businesses have met eligibility requirements.
Please submit your SBR application through this website before the close of business on February 23rd.
All qualified businesses that submit an accurate and complete application will receive a relief grant. Award amounts will depend on the total number of qualified businesses and funding available.