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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.
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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.
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.
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.