Last updated: May 28, 2020 at 11:34am
As presented to City Council on April 21, 2020 the Business Response Team (BRT) has created a resilience strategy that takes a three-pronged approach supporting Longmont’s business community. This strategy was drafted based on the survey responses from the first two BRT surveys, response to resources made available to-date, conversations with representatives of the business community, and the collective expertise of the team.
From loss of revenue to cash preservation and raising capital, financial resources are of most pressing an immediate need for Longmont’s business. The capital strategy focuses on supporting both the cash conservation and capital infusion needs of our business community.
Most survey respondents have said they want communication, communication, communication! We are compiling and coordinating communication across multiple channels to help ease inboxes and get important information into the world. Explore for up-to-date information about programs and regulations.
Longmont’s business owners recognize that getting back to business does not mean business as usual. From e-commerce to work-from-home technology and navigating the use of federal resources, we know businesses need access to the right resource to help them adapt to the “new normal.”
SBA Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program loans are available again beginning Monday April 27, 2020.
There are numerous initiatives providing alternative funding options, including KIVA crowdsourced loans and grants from big companies like Facebook.
The funding application for the Strongmont Fund is now closed. If it is reopened at a future date, you will be able to revisit this page for the application link.
The funding for SBA Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) Loans have been renewed and new funding has been made available starting Monday April 27, 2020.
You can click here to begin your application. For quick access, we would recommend visiting the Colorado SBDC Network’s page here for full information regarding EIDL loans, including webinars on how to fill out the application.
The Boulder County SBDC recommends opening an application today. These loans are offered on a first-come-first-serve basis. They also recommend gathering at least your last two years of financials, taxes, as well as projections.
You can view a list of local lenders offering PPP loans by clicking here. The Response Team recommends discussing with your bank first before going to a new financial lender.
We would recommend visiting with your local bank about this program before selecting another lender. You can always schedule a consulting session with the Boulder SBDC to help with the application process by clicking here.
Looking for information on additional federal financing programs including SBA Express Bridge Loans and Payroll Tax Credits? Please visit the Colorado SBDC COVID resource page by clicking here »
View a comprehensive list of available resources to Colorado companies by clicking here to access a spreadsheet put together by Colorado’s Office of Economic Development and International Trade.
The Business Response Team is partnering with the Longmont Community Foundation to create the Strongmont Fund. This fund is being seeded with money from the City, the Downtown Development Authority, the Longmont Economic Development Partnership, and private donors. Information on how businesses can apply for Strongmont grants will be made available to businesses that complete the citywide needs assessment »
If you would like to donate to the Strongmont Fund to support local business, please click here. You may be eligible for state income tax credits on donations over $100.
Boulder County is aligned with the state orders for Safer at Home and allowing for curbside pickup for retailers. You can read more guidance by clicking the button below.
Everyone is still encouraged to stay at home. Critical businesses are open and non-critical businesses are operating with restrictions.
Multiple organizations can help answer your questions about public health orders, business resources, and more.
Each person within Boulder County, except as specifically exempted below, must wear a Face Covering whenever they are outside their residence and unable to maintain, or when not maintaining, social distance of at least 6 feet from any non-household members. These requirements supplement and are in addition to any social distancing orders.
A Face Covering is not required for:
Access the Center for Disease Control’s hub about COVID-19 by clicking here »
For quick access:
The Colorado Health Emergency Leave with Pay Rules (“Colorado HELP” 7 CCR 1103-10) requires up to four days of paid sick for employees being tested for coronavirus COVID-19 in select industries which include: leisure and hospitality; food services; child care; education, including transportation, food service, and related work at educational establishments; home health, if working with elderly, disabled, ill, or otherwise high-risk individuals and; nursing homes and community living facilities.
Further information on these new rules from the Colorado Department of Labor and Employment are accessible here »
The March 11, 2020 Press Release regarding these rules is accessible here »
There are ongoing closures and facility updates. To receive the most up-to-date information, please visit the City of Longmont’s news feed and subscribe for eNotifications to get updates as they are released.
Announced: “In order to help Longmont’s residents care for themselves and their families, the City will not disconnect a customer’s utility [both residential and commercial] services until further notice. We are also suspending any additional fees for outstanding parking tickets. In addition, NextLight will provide qualifying families with two free months of NextLight service and an option to then continue service at $14.95/month.* To learn more about this program, please call 303-651-8386.
*For new customers only that participate in a public assistance program. Service may not be available in all areas.”
Many services are still available through Code Enforcement, Development, and Planning. Please check the City’s updated website regarding the availability of services.
Please review the guidelines Boulder County has provided here regarding the stay-at-home order. You can call their main line at 303-441-1100. If you are not located in Boulder County, please review the guidelines from the Governor and CPHE provided here, which includes sector-specific guidelines and recommendations.
Reach out to the Boulder SBDC and schedule virtual consulting by clicking here »
The Small Business Navigator can direct you to resources and answer questions about COVID-19 specific funding. Hours are Monday through Friday from 8:00 a.m. to 5:00 p.m.
Answering questions about unemployment insurance for your workers during these times? Further information is available on the Colorado Department of Labor & Employment website here »
You can also access additional information about Unemployment Insurance and the Colorado Department of Labor and Employment by clicking here »
Workforce Boulder County offices will be closed until further notice. During this time they would like to offer alternate ways of contacting them.
Call Center: 720-776-0822
Business Customers: firstname.lastname@example.org
Veterans: Contact Daniel Savage, M.S.Regional Veterans Employment Representative, at 720-595-1232
GED Learning Lab/Young Adult Resources: email@example.com
You can also visit Workforce Boulder County’s website for more resources: www.wfbc.org
Boulder County SBDC and other organizations have been running webinars on a variety of topics to help sustain your business. Watch them below.
Every Friday, regional SBDCs are hosting calls to help answer your questions and provide additional resources. Read below for more details.
The economic impact of COVID-19 on Colorado businesses is widespread. The challenge is complex as are some tools available to help. There are many state and federal economic tools and technical assistance designed to help Colorado businesses, nonprofits and independent contractors through the interruption of economic activities. We understand that this is an uncertain time and it is difficult to stay informed and get answers to your most pressing questions.
To help share accurate and timely economic news throughout our state, the Colorado Office of Economic Development and International Trade has partnered with Startup Colorado and the Small Business Development Center Network to host weekly Friday resource calls.
Northeast Region (Boulder County and Weld County): Fridays at 3pm