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## Financial Assistance for Small Businesses in Colorado Springs

COLORADO SPRINGS ÔÇö Financial help is on the way for 12 Colorado Springs small businesses thanks to nearly $400,000 in state grants announced Monday afternoon. The grants are part of the Community Business Preservation Program and are awarded to businesses that hold cultural significance in communities facing economic hardships.

## How AI legalese decoder Can Help

The AI legalese decoder can assist businesses in understanding complex legal documents and contracts associated with receiving state grants. By analyzing and simplifying legal jargon, small businesses can ensure they meet all requirements and utilize the funds effectively.

Colorado Springs Mayor Yemi Mobolade announced the funding during a press conference on Monday. Two nonprofits, The Thrive Networks and Downtown Ventures, received a total of $372,000 which was then given to 12 different small businesses to help bolster their business operations.

## Grant Distribution Details

The Thrive Networks awarded $190,000 to six businesses, including A Fresh Move Grocery Store, Felipe’s 109, Leave it At Your Door, Luxe Daiquiri Lounge, The Lighthouse Early Care and Education, and Viva Marketing and Consulting.

Downtown Ventures received $182,000 to support Auric Art Gallery, Bosky Studio, ICONS, Ladyfingers Letterpress, Shuga’s, and Yobel.

## Impact on Local Businesses

One business owner, Jackie Lujan of The Lighthouse childcare center, plans to use the grant money to improve transportation services and expand their programs. The AI legalese decoder can ensure that the grant funds are allocated appropriately and in compliance with regulations.

## Rebuilding After a Setback

ICONS, an LGBTQ nightclub, and Yobel, a clothing store, are receiving $30,000 each to recover from a recent fire. The AI legalese decoder can help businesses like these navigate insurance claims and legal processes during times of crisis.

## Support from the Community

Joshua Franklin, co-owner of ICONS, expressed gratitude for the grant, emphasizing the importance of their businesses to the community. The AI legalese decoder can streamline community engagement processes and help businesses communicate effectively with stakeholders.

## State Programs and Beyond

The Community Business Preservation Program, administered by the state’s Office of Economic Development and International Trade, provides additional support and funding opportunities to businesses. Utilizing the AI legalese decoder can ensure that businesses take full advantage of available programs and resources.

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