Collaborative fund aims to help businesses rebuild as they re-open.
The Broomfield Chamber of Commerce, in conjunction with the Broomfield Community Foundation, is announcing the creation of a new relief and assistance fund designed to help local small businesses recover from the COVID-19 pandemic closures and restrictions.
The Broomfield Small Business Fund will distribute cash grants to assist eligible small businesses that are or may have closed temporarily, are having financial difficulty paying business rent and utilities, and/or are facing staff reductions or cuts in hours due directly to COVID-19 related market impacts.
“Broomfield has long been a great place to start and grow your business. Our community is a strong supporter of small business and now many of them are at risk of permanently going out of business through no fault of their own,” Said Sam Taylor, President and CEO of the Broomfield Chamber. “This fund will offer a lifeline for those companies that need a little extra help as they reopen their companies after being shut down because of the pandemic.”
“The Broomfield Community Foundation is proud to support the Broomfield Chamber of Commerce and our local small businesses throughout the medium and long-term recovery period to get back on their feet. The Broomfield Small Business Fund provides an easy solution for local residents and corporate supporters to assist fellow Broomfield businesses in a much bigger way,” stated Marianna Williamson, Executive Director of the Broomfield Community Foundation, which will be managing the fund and distributing grants.
Businesses that receive grants can use funds on direct business expenses such as payroll, inventory, supplies, lease or rent payments for non-residential business premises, and utilities for non-residential business locations. Fund grants are intended to promote business success, resulting in employee retention, supplement business revenues for payment of expenses, and sustaining business activity in the City and County of Broomfield.
Contributions are being accepted to help grow the fund at the Broomfield Community Foundation: PO Box 2040, Broomfield, CO 80038, with checks made out to Broomfield Community Foundation and memo Broomfield Small Business Fund. Online contributions can be made here. Information on applying for funding will be forthcoming, and questions can be directed to the Broomfield Chamber of Commerce at email@example.com.