Resources for Coronavirus (COVID-19) Response

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.

For the health and safety of our staff, we have closed our physical office location at 122 N 6th Street. We continue to work diligently from our respective homes and are available by phone and email. Please feel free to contact us with any concerns, ideas and new resources for the community.

Latest News

  • PRESIDENT EXTENDS SOCIAL DISTANCING GUIDELINES TO APRIL 30: More information on social distancing guidelines and how businesses can prepare their stakeholders for a return to work can be found on the CDC website here: https://www.cdc.gov/coronavirus/2019-ncov/community/15-day-pause.html

  • FEDERAL STIMULUS PACKAGE APPROVED: on March 27, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion federal stimulus package that  promises to provide relief to individuals and businesses, including: direct payments to tax payers, expanded unemployment benefits, small business loans and loans for distressed companies. This New York Times article provides a quick summary of these provisions. Lighthouse HR Support outlines the aspects of the act that apply to businesses in this PDF with links for more details.

  • GOVERNOR ISSUES STAY AT HOME ORDER:  This executive order will go into effect on Thursday, March 26, at 6:00 a.m. and applies to the entire state. All Coloradoans must stay at home unless for necessary business through Saturday, April 11. Critical businesses are exempt from this order but must comply with social distancing requirements. Certain activities are also exempt, including: getting food supplies, getting medical care, caring for family members and pets, and outdoor activities that follow the social distancing requirements. Full details are available here: https://covid19.colorado.gov/public-health-executive-orders-explained

Health Care Updates and General Information

Business Resources

  • Hello Alice COVID-19 Business Resource Center: https://www.covid19businesscenter.com/
    • A “one-stop-shop” updated daily, with real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus.

Financial Support

  • Sales Tax Deferral for Grand Junction Businesses: http://www.gjcity.org/city-government/financial-operations/sales-use-and-lodging-taxes/
    • On March 23, the City of Grand Junction declared a State of Emergency in order to stimulate the economy and support local business. All Grand Junction-based businesses may defer local sales taxes for February until July 31. Businesses who have already paid February local sales taxes may apply for a rebate. In order to take advantage of the deferral/rebate, businesses must fill out a form by April 20. The form and more information can be found on the City website.
  •  Coronavirus Aid, Relief, and Economic Security Act (CARES Act) –  The CARES Act passed on March 23 allows for increases to the SBA 7(a) Loan and SBA Express Loan programs. Loans convert to grants if SMBs use the m to maintain employees, and may also be used to rehire staff. The programs can be accessed through local and national, SBA-approved lenders. The U.S. Chamber provides a simplified guide to the CARES Act here: https://www.uschamber.com/co/start/strategy/cares-act-small-business-guide 
    • Lighthouse HR Support has outlined business compliance information in this PDF.
    • The National Venture Capital Association (NVCA) is tracking specific programs with a break-down of short, mid, and long term funding programs within the stimulus package: https://nvca.org/nvca-response-to-covid-19/
    • The Angel Capital Assn (ACA) has released a “Small Business Owner’s Guide” to the  CARES Act SBA Loan programs
  • 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 will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. For additional information, you can directly contact the SBA disaster assistance customer service center at 1-800-659-2955 or e-mail disastercustomerservice@sba.gov.
    • The SBA has a resource for identifying SBA approved lenders for submitting SBA loan applications through – read the fact sheet.
  • U.S. Bank Customer Payment Deferrals Existing US Bank SBA borrowers/businesses impacted by COVID-19 will be considered for a payment deferral program. Please provide the loan number, hardship reason and borrower contact information. A US Bank serving officer will call the borrower directly to discuss the scenario.
  • Kiva Microloanshttps://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 (rsall@coloradolendingsource.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 Fundcall 303-860-0242 or email info@coloradoenterprisefund.org
    • 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)

Preparing for a Crisis

Human Resources

B2B Peer Support and Education:

Community

Facilities Closures and Community Updates

Ways to Help with Relief Efforts

  • 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.
  • Help Colorado Now: https://covrn.com/ 
    • Gov. Polis has launched Help Colorado Now to coordinate volunteer efforts across the state. The program needs volunteers — especially those who are current or retired health care professionals — to help at-risk individuals all across the state with a wide variety of support including health care assistance, mental wellness support, food bank distribution, child care services, and more. Non-profits and other organizations in need can also utilize this program to be matched with volunteers.
  • 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.

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A Letter from our Executive Director