COVID-19 Business Assistance Grant Program
The Cherry Hills Village CARES Business Assistance Grant Program was created to ease the economic distress resulting from the COVID-19 pandemic and related stay-at-home and safer-at-home executive and public health orders for the businesses located with the City of Cherry Hills Village. The business address must be within the Cherry Hills Village City limits. If the business is a home-based business, the address on file with the State of Colorado must be located in Cherry Hills Village. The application process opens Monday, August 24, 2020 and closes Thursday, September 24, 2020 at 4:30 p.m. MST. Contact Finance Director Jessica Sager with any questions at firstname.lastname@example.org or 303-783-2730.
Business Interruption Grant Funds
The Business Interruption Grant funds can be used for operational expenses such as lease payments, utility and payroll expenses and necessary supplies. The maximum grant award a business can receive for the Business Interruption Grant is up to $20,000, excluding home-based businesses.
Business Infrastructure Grant Funds
The Business Infrastructure Grant funds can be used to purchase personal protective equipment (PPE) or to reimburse necessary items for the business to operate in a different manner or adapt to a new process due to the COVID-19 pandemic. The maximum grant award a business can receive for the Business Infrastructure Grant is up to $20,000, excluding home-based businesses.
Home-based businesses are eligible to apply for assistance. The City of Cherry Hills Village is one of the few jurisdictions located in Arapahoe County to extend the Business Assistance Grant Program to home-based businesses. They are eligible to receive funds in either grant category but will only receive a total amount of $5,000.
- The business must be within the Cherry Hills Village City limits and be in good standing with the City and the Colorado Secretary of State.
- For profit business that has lost income due to the COVID-19 pandemic.
- A business that has been forced to temporarily close or forced to dramatically limit operations due to the Public Health Orders related to COVID-19.
- Business has been in operation for last 12 months (since June 2019).
- Home-based businesses allowed if in good standing with State, County and City regulations.
Business Types Not Eligible to Apply for Assistance
- Businesses that continued to operate without restriction during the COVID-19 pandemic.
- Businesses engaged in any illegal activity.
- Businesses deriving more than one-third of gross annual revenue from legal gambling activities.
Program Guidelines and Application
All submittals must include a completed application and other required documentation outlined in the program guidelines below. Expenses that were previously reimbursed or paid using Federal Small Business Administration (SBA), Economic Injury Disaster Loan (EIDL) or Payroll Protection Program (PPP) funds are ineligible to be reimbursed by this program.