Small Business Recovery Grants Application Process Closing August 30
The City of Centennial will stop accepting applications for the Centennial CARES: Small Business Grant Program at 5 p.m. on August 30, 2020. Applications received prior to the closing will be reviewed in the order received. The City is in the process of developing an additional round of small business grants, tentatively scheduled to be available during the month of October. Specifics regarding this next round of grants are still being determined.
Centennial businesses are encouraged to visit centennialco.gov/caresgrants for up to date information on current and future grant programs.
Under the current program eligible businesses could receive up to $30,000 in two separate grants.. The Business Interruption Grant will be awarded at an amount up to $10,000 to eligible businesses for business operation expenses including, but not limited to, lease/mortgage, payroll, inventory, and supplies/equipment necessary to operate the business. The Business Infrastructure and PPE Grant will be awarded for up to $20,000 to eligible businesses for expense incurred or planned to facilitate compliance with public health orders. Expenditures may include, but are not limited to, building and property modifications, touchless payment systems, online ordering platforms, personal protective equipment, and safety training.
Home-based businesses are eligible for a $2,500 grant.
“Our businesses have experienced unpredictable and unprecedented impacts throughout these last few months. The City is pleased that we can assist in providing support to them through the CARES Act funding shared from Arapahoe County," says Centennial Mayor Stephanie Piko. “Our local businesses are imperative to the health and well-being of our community and Centennial is now able to respond to their need for financial support.”
Business Eligibility Requirements:
- Currently licensed with the City of Centennial
- Business license issued no later than March 1, 2020
- Physical address within Centennial
- Business is in good standing with the City of Centennial (tax returns, code violations, etc.)
- For-profit, privately-held business
- 1-100 full-time equivalent Full Time Employees (FTE) positions prior to COVID-19 pandemic
- Business has been forced to temporarily close or forced to dramatically limit operations due to the Public Health Orders related to the COVID-19 public health crisis
- Able to demonstrate economic injury of 25% or more in revenue loss during the COVID-19 pandemic and a need for a grant to help mitigate the economic injury
- Able to provide a total estimate of current and anticipated business losses (revenue and other losses) due to the pandemic.
The following list of business types are not eligible:
- National chains (exception: individually-owned franchises may qualify)
- Publicly-traded companies
- Businesses deriving more than one-third of gross annual revenue from legal gambling activities
- Businesses engaged in any illegal activity
- Marijuana (medical and recreational)
- Sexually-oriented businesses
Prohibited uses of funds:
- Any expense not be considered an eligible business expense by IRS rules
- Wages to any member of owner’s family who is not a bona fide employee
- Charitable contributions
- Political contributions
- Draw or salary to owner that exceeded the amount they were paid on a weekly or monthly basis for the same period last year
- Pay down or pay off debt by more than required in underlying debt instrument
- Expenses that were previously paid for using Federal Small Business Administration (SBA) Payroll Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) Funds
- Franchise or royalty fees
For additional information on the application and the process visit centennialco.gov/caresgrants.
United Launch Alliance and SpaceX Win Space Force’s National Security Space Launch Program Contracts
Centennial-based United Launch Alliance (ULA) and SpaceX are the winners of Space Force’s National Security Space Launch program contracts worth billions of dollars. ULA’s immediate award is for $337 million for two launches, and SpaceX’s is $316 million for one launch, said Air Force acquisition czar Will Roper. ULA is launching Space Force missions 51 and 106; SpaceX Space Force’s mission 67 — all three are classified, he said.
The overarching contract for the two firms is an indefinite delivery/indefinite quantity award covering all Space Force and National Reconnaissance Office (NRO) launches between 2022 and 2027, with ULA winning 60 percent and SpaceX 40 percent. The Space Force currently plans some 34 launches during that time frame. The Phase 2 contract is “a requirements-driven ID IQ, so there’s no ceiling on this contract. It’s driven by the number of launches that we, and the NRO, and organizations like the Missile Defense Agency and the Space Development Agency need,” Roper said.
Learn About the New Energize Colorado Gap Fund
The Energize Colorado Gap Fund will provide more than $25 million in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance. The application is scheduled to launch this month and will be accessible through this web page.
Applications and awards will be conducted in rounds to allow Energize Colorado to provide assistance through December 2020. The process will not be first-come-first-serve, but rather will be a competitive process that will help those in need receive priority access to assistance.
Colorado COVID Relief Fund Application Period Open Through Aug. 20
The coronavirus has created far-reaching economic and social impacts across Colorado and beyond. Coloradans who live daily without access to critical services and opportunities due to race and socioeconomic status are being especially hit hard and disproportionately affected. The Colorado COVID Relief Fund’s purpose is to raise and coordinate allocation of funds based on prevention, impact and recovery needs of community-based organizations in Colorado. This fund is designed to ensure the most acute community needs across the state are being addressed for those disproportionately affected and that community voice is reflected in all funding decisions in each round. Visit helpcoloradonow.org for more information or to apply.
Centennial-Based Liteye Systems, Inc. Ranked on Inc. Magazine's 5000 List
Inc. Magazine revealed that Liteye Systems, Inc. is No. 1513 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment — its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to make this distinguished list that has previously included such notable companies,” said Kenneth Geyer, CEO and Co-Founder of Liteye Systems, Inc. “Liteye’s growth as an organization has only been achieved through hard work by our employees, partners, and end-users who all deserve credit in our success!”
General Business Resources
Aurora - South Metro Small Business Development Center | Business Licensing & Registration | Arapahoe/Douglas WORKS! | Arapahoe Libraries Business Support Services
WANT TO KNOW MORE? Contact Centennial's Economic Development Division
Neil Marciniak, Economic Development Director | 303-754-3351 | firstname.lastname@example.org
Stewart Meek, Economic Development Specialist | 303-754-3410 | email@example.com
City of Centennial, 13133 E. Arapahoe Road, Centennial, CO 80112 | 303-325-8000