GJEP is committed to helping our local business community navigate the unique short- and long-term challenges you may be facing as a result of the COVID-19 outbreak. Our economic development partners, local and state organizations are working together to provide resources that will mitigate the impacts of the coronavirus. We have compiled a list of business resources below, which we will continue to update with new information.
We are open! The GJEP offices at 122 N. 6th Street are open Monday-Friday 8:00 a.m.-5:00 p.m. We are following all precautions set forth in state and county guidelines – masks are required to enter the building.
- Energize Colorado: https://energizecolorado.com/
- A nonprofit bringing Colorado’s diverse professional community together to provide relief to local small businesses, supporting them in recovering from the economic impact of COVID-19. The site is a frequently updated one-stop-shop for COVID-19 small business response.
- Grand Junction Business Stabilization and Recovery Fund: https://gjincubator.org/gj-business-recovery-fund/
- The Grand Junction Business Stabilization and Recovery Fund was established by the City of Grand Junction to support businesses impacted by COVID-19. Loans will be equal to the lesser of 50% of two-months of “Approved Uses”, or $7,500 maximum. The fund will be administered as a revolving loan fund. Loans may be forgivable subject to approval and performance by the borrower on the terms and conditions that follow.
- U.S. Small Business Administration Small Business Guidance & Loan Resources: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
- The SBA administers federal loan programs such as the Economic Injury Disaster Loans to provide small business relief from the impact of the coronavirus. Visit the SBA site for updates and changes to loan opportunities.
- Funding Sources for Colorado Businesses via the Office of Economic Development and International Trade
- This list is divided by industries and counties, and is continuously updated by OEDIT.
- Colorado Lending Source Small Business Emergency Loans – https://www.coloradolendingsource.org/articles/small-business-emergency-loans
- Specifically targeting small businesses in rural parts of Colorado (per USDA definition), Colorado Lending Source has made loan funds available for businesses impacted by the COVID-19 pandemic. Financing is available at a fixed interest rate over twenty-four months (two years) with no payments of principal and interest due during the first six months of the loan.
- Save Small Business Fund – https://savesmallbusiness.com/
- $5,000 grants from the U.S. Chamber of Commerce to businesses impacted by COVID-19 in certain zip codes (Mesa County zips apply) that employ between 3-20 people.
- Kiva Microloans – https://www.kiva.org/borrow
- Colorado Lending Source has partnered with Kiva to become their newest hub and offer an innovative microloan product. Partnering with Kiva means CLS is able to extend 0% interest small business loans, up to $15,000. In response to COVID-19, Kiva loans will also have access to expanded eligibility terms and grace periods up to 6 months for greater financing flexibility during this difficult time. Contact Rachael Sall (firstname.lastname@example.org) for more details.
- Wefunder Coronavirus Crisis Loan Program – https://wefunder.com/loans
- Wefunder, an equity crowdfunding platform, is providing loans of $20k to $1M with payments deferred until 2021.
- Colorado Enterprise Fund – call 303-860-0242 or email email@example.com
- Colorado Enterprise fund has been providing loans and financing options for small businesses since 1976. Please see their website for their programs including their Just in time Line of credit loan ($15,000 to $100,000) and their Great Asset Partner (GAP) loan ($1,000 to $500,000)
- Greenline Emergency Microloan Program – download the fact sheet
- This emergency microloan program is specifically designed to support minority-, women- and veteran-owned small businesses throughout Colorado. Up to $25,000 with no interest for the first six months, followed by a 2% interest rate. The loans can be coupled with PPP and other SBA loan programs.
- COVID-19 Finance Assistance Network – https://covid19financehelp.splashthat.com/
- Receive pro bono financial advice from a group of experienced CFOs, controllers and other finance professionals volunteering their time to help small businesses navigate through the crisis.
- Mesa County Workforce Center – all job seeker and employer services: connectingcolorado.com
- A Guide to Furloughs and Layoffs from GJEP, Johnston Financial Services, Lighthouse HR Support and the Mesa County Workforce Center
- CO Dept of Labor and Employment: https://www.colorado.gov/pacific/cdle/information-and-resources-coronavirus
- Apply for unemployment benefits under the CARES Act, including self-employed, gig workers, 1099, and sole proprietors: https://www.colorado.gov/cdle/unemployment
- Emergency Paid Leave Rule – This rule is meant to limit the spread of highly contagious disease and enables workers in at-risk occupations to access testing.
- Unemployment Insurance – During layoffs, all employees are encouraged to apply for unemployment insurance. Those who are job-attached (meaning workers will be expected to return after a separation of up to 16 weeks) should file as “job-attached.”
- Work-Share Program – The Work-Share Program gives employers an alternative to laying off employees. It allows employers to let employees keep working, but with fewer hours. While they are working fewer hours, CDLE pays them part of their regular unemployment benefits.
- Free Pre-Employment Background Checks via TransUnion: https://hires.shareable.com/
- ShareAble for Hires, a recently launched division of TransUnion that provides a simple, safe way for small business owners to conduct background checks and credit checks on prospective employees, is currently offering free pre-employment background checks. Visit the site for details.
B2B Peer Support and Education:
Facilities Closures and Community Updates
Ways to Help
- Colorado COVID Relief Fund: https://secure.donationpay.org/milehighunitedway/colorado-covid-relief-fund.php?fbclid=IwAR3ltUieiD5wjnzTEYP5lFBj8_EjWHP_zKMepQyA7hVQHaQBHccqyc75_KY
- The goal of the fund is to raise and distribute funds to support unmet needs of the communities and agencies impacted by COVID-19 in response and recovery — separate and apart from government relief efforts. Government efforts will be expansive, but there will be unmet needs in this community. Dollars donated from this community will only be deployed here — not in other areas of the state.
- Donate Blood: www.vitalant.org
- Blood banks are reporting a sharp drop in donations, attributed to fears about contracting COVID-19. Donating blood is a safe process and people should not be concerned about giving or receiving blood during this challenging time. Visit the site for information on blood drives and donation centers.
- Shop Local: https://whosopencolorado.com/
- Small businesses across the state are suffering the economic impact of the current crisis. Help sustain our small business community by shopping local. The Grand Junction Chamber has a convenient “Take Out Tool Kit” where you can find local food services, and Who’s Open in Colorado lists all types of small businesses throughout the state that are staying open through the pandemic.