Colorado is an exciting state to start or run a small business. From emerging industries to technology to the arts, opportunities abound throughout the state. Colorado also offers a variety of small business grant programs to support entrepreneurs and communities. Here are some current options for businesses in Colorado.
Colorado Community Revitalization Grant
The Colorado Community Revitalization Grant provides gap funding for creative projects across the state. To be eligible, projects must impact the state’s creative districts, historic districts, high streets or commercial neighborhood centers and support economic recovery and diversification. Eligible organizations can apply for funds at any time as grants are awarded on a rolling basis. Any funding over $100,000 will cover up to half of the total cost of the project.
Advanced Industries Collaborative Infrastructure Grant
The Advanced Industries Collaborative Infrastructure Grant covers certain costs for large-scale technology projects. Projects must fill an unmet need within the state’s advanced industries. Up to $500,000 is available for each project, but companies must cover at least two-thirds of the cost with non-government funding. The Global Business Development (GBD) division manages this grant. The application for projects for 2022 must be submitted by April 1.
Art in society fair
The Arts in Society Grant provides between $5,000 and $35,000 for organizations and artists who solve community problems. In addition to funding, the program provides educational and promotional resources, along with a community of other beneficiaries from across the state. Matching funds are not required. But the state sets grant amounts based on need and resources available, so performers may receive less than their request. The next subsidy cycle is expected to open in the summer of 2022.
Advanced Industries Early Capital and Retention Grant
This grant is designed to help startup companies in advanced industries such as aerospace, life sciences and electronics. Up to $250,000 can be used to develop and commercialize offerings that can be made or produced in Colorado. It is possible to deviate from this maximum for projects that affect more than one industry. The Global Business Development division manages the program, along with industry associations and the state’s Economic Development Commission. The next round is scheduled for July 1.
Export subsidy for advanced industries
The Advanced Industries Export Grant provides repayment funds to help small businesses start or facilitate export programs. Eligible companies can get up to $15,000 to cover international business development or marketing costs. The state also provides advisory support for those looking to expand into international markets. This program is currently open and accepting applications until funding is exhausted.
Advanced Industries Proof of Concept Grant
The Advanced Industries Proof of Concept Grant provides funding to accelerate research and commercialization projects. Organizations can apply for up to $150,000 per project, or more for companies that impact multiple advanced industries. To be eligible, projects must accelerate the commercialization of a specific offering in an advanced industry. The next application period will open July 1.
Colorado creates subsidies
Colorado Creates Grants supports arts projects in communities across the state. Organizations and community leaders can apply for funding. Grants are distributed in a fixed amount to cover operating costs. The program is available nationwide, but focuses primarily on rural areas. Grants can range from $4,000 to $10,000. And the next application period will open March 31.
Cannabis Business Pilot Grant
The Cannabis Business Pilot Grant provides funds to social equity cannabis companies in the state. To qualify, you must have a regulated business license or be actively pursuing the Marijuana Enforcement Division. The program includes multiple funding rounds throughout the year, with grants for both new and existing businesses. The current application period closes on April 11.
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