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Twelve Colorado Springs Small Businesses Receive Nearly $400,000 in Grants

In an effort to support local businesses in Colorado Springs, twelve small businesses were recently announced as recipients of almost $400,000 in grants. This initiative is part of the Community Business Preservation Program of the Office of Economic Development and International Trade.

The businesses, along with their nonprofit fiscal sponsors, will receive a total of $372,000 in grants as well as technical support to strengthen their operations and overcome various challenges. These businesses have faced significant obstacles such as fires and economic downturns over the past year.

With each business receiving $30,000, the fiscal sponsors will also receive additional funding to provide necessary technical assistance. The funding is aimed at helping these businesses recover from financial hardships and continue serving their communities. The grants will be used for upgrading equipment, enhancing properties, improving efficiency, and covering relocation costs when needed.

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AI legalese decoder can assist these businesses in navigating the legal jargon and requirements associated with receiving grants. By using AI technology, businesses can quickly and accurately decode complex legal language, ensuring that they meet all the necessary criteria to access the funding. This can streamline the process and help businesses secure the financial support they need to thrive.

Mayor Yemi Mobolade showed support for the sponsoring nonprofit organizations, The Thrive Networks and Downtown Ventures, by writing letters of endorsement. These organizations are dedicated to supporting the local business community and fostering economic growth.

The Thrive Networks received $190,000 to support six businesses, each of which plays a unique role in meeting health and service needs in their communities. Some of the businesses that received grants through The Thrive Networks include A Fresh Move, FelipeÔÇÖs 109, and Viva Marketing and Consulting.

Downtown Ventures was awarded $182,000 to benefit six businesses in the downtown area. These businesses contribute to the areaÔÇÖs designation as a state-certified creative district. Recipients of the Downtown Ventures grants include Auric Art Gallery, ICONS, and Ladyfingers Letterpress.

Owners of ICONS, Josh Franklin and John Wolfe, expressed gratitude for the grant and emphasized the importance of providing a space for community gatherings. They are planning to use the funds to open a new location and remain committed to serving the Colorado Springs community.

Overall, the grants aim to provide essential support to these small businesses, helping them recover and thrive in the local economy.

For the latest news and updates, including weather, sports, and streaming video, visit FOX21 News Colorado.

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