Costilla County Business & Nonprofit COVID Relief Program
On May 4th 2021 the Costilla County Commissioners authorized a business and nonprofit COVID relief grant program. The purpose of the program is to assist local businesses and organizations with additional incurred expenses and lost revenue resulting from the COVID-19 pandemic that started in March 2020.
The grant program is intended to assist businesses and nonprofits in the County that have experienced business interruption costs, unbudgeted expenses, lost revenue and other COVID-19 pandemic related expenses as allowed under the funding eligibility criteria set forth by the U.S. Treasury and the Colorado Office of Budget Management.
Funds for the grant are being provided by the Coronavirus Relief Fund as part of the CARES Act. Eligible expenses are those that have been incurred beginning March 1, 2020, for necessary expenditure due to the public health emergency with respect to COVID-19.
All expenses must have been incurred between March 1, 2020, and March 1, 2021, and have documentation and supporting information to substantiate the expense. Funds are available to reimburse actual expenses and replace lost revenue, not to fund future anticipated expenses.
The maximum award for any application is $7,500.
Applications will continue to be accepted until all available funds have been allocated. $75,000 has been allocated to the program. If this funding level is reached, and if additional funds are available, a second round of applications may be considered. Payments will be made around June 1st.
Business / Nonprofit interruption due to the COVID-19 pandemic.
Businesses that experienced a loss of revenue as a direct result of the pandemic may receive funding to assist in recovering lost revenue. Qualifying businesses will be required to provide:
- A narrative of the reason for the financial impact as it relates to that specific business.
- Documentation of incurred expenses
- Documentation that the business has been in good standing with the State of Colorado as appropriate for the entity structure.
- Demonstration that the business has conducted operations on a regular basis since at least April 1, 2020.
- Demonstrate the intent to stay in business for at least 6 months after receipt of payment
Loan Pay Off - Businesses who took out a loan in response to the COVID-19 Pandemic to meet operational expenses can use funds to help pay off their loan in full or in part. Loans must have been underwritten between March 1, 2020- March 1, 2021.
Direct COVID-related Expenses:
Direct costs incurred as a result of the necessary public health orders may be reimbursed. Examples of these expenses include:
- Personal protective equipment (PPE) for employees and patrons, such as face masks, gloves and shields.
- Sanitizing supplies and services, such as disinfectant, hand sanitizer, wipes, and services to provide sanitizing services.
- Modifications to customer service or workplace areas required in order to comply with public health orders. Examples include equipment needed to allow expansion of outdoor seating areas, Plexiglas shields and physical separation items.
- Other types of expenses unique to that business that can be justified as directly related.
- Invoices for each item must be provided.
- Eligible businesses must meet ALL requirements below:
- Must be located within Costilla County
- May be for-profit or not-for-profit.
- Employ 100 or less.
- Business has been in operation prior to April 1, 2020.
- Must hold valid sales tax license and other relevant licenses and be current on remittances.
Ineligible Businesses Include:
Corporately owned national chains, unless an individually owned franchise operator residing in Costilla County and can demonstrate lack of franchisor support.
Businesses employing more than 100 employees prior to COVID-19.
Prohibited Use of Funds:
Sales tax to any jurisdiction.
Wages to any member of the owner’s family who is not a bona fide employee
Salary to the owner that exceeds the average amount paid on a weekly or monthly basis in a similar period.
Any expense covered by insurance.
Any expense not considered an eligible business expense by IRS rules.
How to Apply:
Complete and submit the application on-line via the link below.
A completed IRS W-9 form (click here)
For more information please go to https://www.irs.gov/forms-pubs/about-form-w-9
A copy of Certificate of Good Standing from the Colorado Secretary of State (https://www.sos.state.co.us/biz/BusinessEntityCriteria.do)
All current valid State license(s) required for eligible business and nonprofits
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