BOULDER — Federal funds provided to Boulder as part of the CARES Act will be used to launch a $675,000 small-business grant program.
Nonprofit community development financial group Colorado Enterprise Fund will administer the program, which is open to local businesses and nonprofit organizations with fewer than 100 employees and can provide up to $5,000 per firm.
How a business manages its inventory can have a tremendous impact on the financial health of the company. Managed properly, inventory can be a great source of increased margins, higher revenue, or a combination of the two.
“The CARES Act funds enable the city to offer this grant opportunity to help our valued small, local businesses and nonprofits. Grant funds are especially helpful as they do not need to be paid back,” Boulder city manager Jane Brautigam said in a prepared statement. “We are also exceedingly thankful to the Boulder Chamber, the Community Foundation Boulder County, the Boulder Small Business Development Center and other partners of the Boulder Business Response and Recovery Alliance for contributing to the development of the competitive process reflecting our community’s values.”
For more information on eligibility requirements and to apply for grant funding, visit coloradoenterprisefund.org/bouldersmallbusinessgrants.