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1. How much funding is available?

The City has allocated $5 million dollars for COVID-19 Emergency Business Loans and Grants from proceeds of the City’s ½ cent sales tax for economic development.

2. Who is eligible to apply for funding?

To be eligible to apply for funding, a business must 1) be located within the City of Pueblo or within Pueblo’s Airport Industrial Park; 2) hold a current City of Pueblo business license; 3) be current on all financial obligations to the City of Pueblo; and 4) be able to demonstrate through financial records that it has been negatively impacted by the COVID-19 pandemic.

3. What if my business is behind on paying City sales tax or other city obligations?

If your business has recently fallen behind on paying sales tax, the amount owed can be taken from the proceeds of a loan or grant, if awarded. Other outstanding City obligations would need to be brought current as well; grant or loan funding may be considered for this use as well.

4. Can a business apply for both a loan and a grant?

Yes

5. What if I’ve applied for – or received – federal or state funding related to the COVID-19 pandemic?

Loans or grants under this program may not duplicate state or federal funds created in response to the COVID-19 pandemic. Your application will include a disclosure of any other COVID-19-related funding that you have applied for or received.