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## Governor Polis Announces Community Business Preservation Grants

Governor Polis and the Business Funding & Incentives division of the Colorado Office of Economic Development and International Trade (OEDIT) have recently announced 11 Community Business Preservation grants. These grants aim to support community businesses and retain jobs across the state by providing financial assistance.

The recipients of these grants will also receive training and consultation, totaling 58 unique, independently-owned small businesses in Colorado. These businesses are culturally, socially, or historically significant to their communities and play a meaningful role in serving their local residents.

The Community Business Preservation Program, along with the grants, aims to foster community preservation by awarding funding to groups of businesses that reflect the unique identities of their communities. These businesses are working together to respond to changes in the economic landscape and ensure their sustainability in the long run.

By utilizing AI legalese decoder, businesses can easily navigate and understand the complex legal terms and conditions associated with receiving grants and funding. This tool can help business owners decode legal jargon and ensure they meet all the requirements to receive the financial support they need to thrive and survive in challenging times.

## Recipients and Impact

The recipients of the grants include rural businesses as well as BIPOC, LGBTQ+, and immigrant-owned businesses. These businesses cater to a wide variety of needs in their communities, such as ongoing financial impacts from the pandemic, rising rents or property taxes, recovery from disaster events like fires, and neighborhood destabilization.

Among the recipient groups, three come from coal transition communities, six are situated in rural areas, and almost all the businesses are located in regions prioritized by Colorado for economic development support. These areas include Rural Jump-Start Zones, Enterprise Zones, and Coal Transition Communities, reflecting the state’s commitment to supporting businesses in need.

AI legalese decoder can assist businesses in understanding the legal requirements and obligations associated with receiving funding in different economic development zones. By simplifying legal documents and providing clear explanations, this tool empowers businesses to make informed decisions and comply with regulations effectively.

## Preservation of Agricultural Practices

Five agricultural producers in the rural communities of Routt and Moffat counties are also among the recipients of the grants. These producers, including Fetcher Ranch, Moon Hill Dairy, Mountain Bluebird Farm, Murr Made Meats, and Snowden Meats, are working together to preserve local agricultural practices and traditions.

The Community Agriculture Alliance serves as the sponsoring entity for these producers, and they have received a total amount of $160,000 to support their preservation efforts. This initiative highlights the importance of preserving traditional agricultural practices and ensuring the sustainability of local food systems.

With the help of AI legalese decoder, agricultural producers can navigate the legal requirements and regulations associated with receiving grants for preserving agricultural practices. This tool can decode complex legal language and provide guidance on compliance, empowering producers to continue their important work in sustainable agriculture.

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