Small Business Grants
COVID-19 Small Business Support Grants
Town Council during 2020 provided small local businesses with three rounds of COVID-19 Small Business Support Grants. A total of $1.85 million was provided to local businesses via this program.
The final round of grants was awarded in December 2020. View the list of businesses awarded grants in the third round. Awards were made under Option 2A and totaled about $1.4 million.
To learn more about the approach behind these awards, see the Town Council agenda memo, or review the criteria on this page.
Third-round grant criteria
Funding priority was given to independently owned restaurants and bars.
To qualify, a business must have:
- Had a physical and publicly accessible location in the Town of Castle Rock that is not based in a residence or coworking space
- Been a small businesses – defined as those with 25 full-time employees or less
- Been negatively and significantly interrupted by the pandemic – details of these impacts are required on the grant application
- Been operating in Castle Rock for a minimum of six months (updated from the one year required in prior grant rounds), as defined by the date of the most recent Town business license issuance, by Dec. 15, 2020
- Have applied for a federal SBA loan and provide proof of application
- Provided a completed W-9 form for the business to enable the Town to issue it a check
- The final two items did not need to be provided again if furnished as part of a previous Town grant application
Additional eligibility information:
- New for the third round: Businesses that have received the full possible $10,000 in awards resulting from the first two rounds of grants were eligible to apply but were given lower priority than other businesses
- Franchises located within Castle Rock were eligible if the franchisee also resides within Douglas County
- Ineligible businesses included liquor stores; auto- and construction-related businesses; and nonprofit organizations
- Professional service businesses and regional businesses with more than five locations in Colorado were eligible in the third round, with lesser priority than other businesses
- Businesses agreed to provide financial records to support its application – in essence, to submit to a program audit – upon the Town’s request
- Town Council awarded $266,500 in small business grants during a first round of this program. Grant checks were mailed in April to approved businesses. View a staff report and presentation slides regarding those recommendations.
- Town Council approved a , which totaled $190,000.
- Town Council in November approved $9,500 in appeals related to applications denied in the first two rounds of grants. This brought total Town small business grants awarded through November to $466,000.