News Release: 5/20/2020May 20, 2020FOR IMMEDIATE RELEASE: May 20, 2020
CONTACT: Samantha Derosier
City of Brighton Grant to provide small business rental and business mortgage assistance to eligible Brighton businesses by paying up to two months of rent or mortgage costs
This Grant is made possible through funds from the federal CARES Act, which Adams County is distributing to local municipalities to assist businesses impacted by the COVID-19 pandemic.
Brighton, May 20, 2020 - With funding from Adams County through the federal CARES Act, the City of Brighton in conjunction with the Brighton Economic Development Corporation (BEDC), has created a grant program to assist businesses with 50 or fewer employees in paying the rent or mortgage for their business. The Grant will pay rent or business mortgage for a two month period not to exceed a total of $10,000 dollars. These grant funds are stackable with other resources obtained by the business applicant.
Applicants will be funded on a first-come, first-served basis. Businesses must have 50 or fewer employees to be eligible. Microbusinesses (9 employees or less) will be prioritized for assistance funds. Home-based businesses are not eligible. Applications must include:
● A complete online application
● Business Form W-9 must be submitted
● A copy of state-issued identification verifying legal residency in the United States must be submitted (Ex. unrestricted driver’s license, US passport, or tribal document)
● A copy of the business’ current lease or mortgage statement
● A narrative clearly demonstrating the need for grant assistance must be provided
● Business must be current on city sales tax or be on an active payment plan (verified by City Staff)
● Business must have a current city license issued by the Finance Department (verified by City Staff)
● Business must be registered and in good standing with the Colorado Secretary of State (verified by City Staff)
The deadline to apply is May 28th by 11:59 P.M. MDT. Additional applications will be accepted after this date, however, they will be wait-listed with priority given to those who submit by the deadline date. Applications submitted by the deadline and subsequently approved should expect funds to be distributed within 7-10 business days of receiving funding approval notification by email. Approval emails can be expected within 7-10 business days of receiving a complete application online. All applicants will be emailed a copy of their responses upon submission. Additionally, all applicants must give the city authorization to audit and/or verify how these grant funds were used and additional documentation may be required after funds are disbursed.
Through the federal CARES Act, Adams County has received funds to distribute for assisting businesses in Adams County during the COVID-19 pandemic. The county is distributing these funds to local municipalities to address local needs. In Brighton, the first round of funding will be used for this grant.
The application for the Brighton Business Rental and Mortgage Assistance Grant can be found at www.brightonedc.org
Applications will be accepted until 11:59 p.m. MDT on May 28th, 2020. Any additional questions about the application, documentation needed, or eligibility requirements can be directed to firstname.lastname@example.org.
About the Brighton EDC Brighton Economic Development Corporation (BEDC) is a 501c (6) Colorado non-profit organization serving the Greater Brighton Area. BEDC is the primary agent for economic development services. BEDC offers relocation, retention and expansion assistance and support to businesses. BEDC works to expand and diversify the local tax base by facilitating the creation of quality jobs and the attraction of retail development. BEDC encourages responsible, diverse growth and development that enhances Brighton’s quality of life as a desirable place to live, work, learn and play. To learn more about Brighton Economic Development Corporation, visit www.brightonedc.org or call 303.655.2155.Contact:S. Derosier