DDA Small Business Relief

Colorado Springs DDA Small Business Relief Fund

Small business truly is the heart and soul of our city center. Downtown Colorado Springs boasts the largest concentration of locally owned restaurants in Southern Colorado, unique retail shops, and status as a state-certified creative district. 

The Colorado Springs Downtown Development Authority announced on May 13 that 95 businesses located within the DDA are being provided operational support through the DDA Small Business Relief Fund. Grants range from $2,500 to $20,000 and may be used to support payroll, rent or mortgage, utilities and payment to vendors/suppliers.

The DDA Small Business Relief Fund fulfills the goals of the Experience Downtown Plan, in particular Goal 1: Economic and Cultural Heart of the Community. Please see below for grant application and review process.

Recipients of the grants are as follows:

$20,000 grants

  • Atomic Cowboy/Denver Biscuit Co/Fat Sully’s/Frozen Gold
  • Beauty Bar
  • Kimball’s Theaters
  • MacKenzie’s Chophouse
  • Poor Richard’s Bookstore
  • Terra Verde
  • The Rabbit Hole

$15,000 grants

  • CityROCK
  • Coquettes Bistro & Bakery
  • Jack Quinn’s Irish Pub and Restaurant
  • Josh & John’s Home Made Ice Cream
  • Ladyfingers Letterpress
  • Little Richard’s Toy Store
  • Poor Richard’s Restaurant
  • Rasta Pasta
  • The Warehouse Restaurant
  • Urban Egg A Daytime Eatery

$10,000 grants

  • Brown’s Shoe Fit Co.
  • Colorado Craft Tejon Street Social
  • Four by Brother Luck
  • Jose Muldoon’s
  • Mountain Chalet
  • Phantom Canyon Brewing
  • Shuga’s Restaurant Bar
  • Wild Goose Meeting House

$7,500 grants

  • Bambino’s Urban Pizzeria
  • Chiba Bar
  • Eclectic CO.
  • Fujiyama
  • Runners Roost
  • Saigon Café
  • Savory Spice
  • Skirted Heifer
  • Sparrow Hawk Gifts
  • The Famous Steakhouse
  • The Melting Pot

$5,000 grants

  • Bang Bang
  • Bingo Burger
  • Cork and Cask Drinks
  • Cycology Studio
  • Dos Santos
  • East Coast Deli
  • Everest Nepal Restaurant
  • Halo Boutique
  • La Baguette
  • Lee Spirits / Brooklyn’s on Boulder
  • Local Relic / The Carter Payne
  • Loyal Coffee
  • Meeker Music
  • Odyssey Gastropub
  • Painting with a Twist
  • Streetcar 520
  • Supernova Food and Drink
  • The Art Bank & Oriental Rug Center
  • The Candy Bar
  • The Coffee Exchange

$4,000 grants

  • Bonny and Read
  • Honey Salon & Spa
  • My Colorado Store
  • Pikes Peak Lemonade
  • Spice Island Grill
  • Springs in Bloom
  • Story Coffee Company
  • The Perk Downtown

$3,000 grants

  • Ashley’s Attic
  • Azada Mexican Grill
  • Bento Heaven
  • Crafted Colorado Handmade Market
  • Everest Tibet Imports
  • Hunan Springs
  • Kreuser Gallery
  • Red Gravy
  • Solar Coffee Roast
  • SPQR Art Space
  • The Modbo

$2,500 grants

  • Art111
  • Bar-K
  • Coffee and Tea Zone
  • Dale Street Café
  • Escape Velocity Comics & Graphic Novels
  • Heebee Jeebees Tattoos
  • Hooked On Books
  • In-Sight Optical
  • Marco’s Pizza
  • Mediterranean Cafe
  • Ohana Kava Bar
  • Ola Juice Bar
  • Redoux Consignment Boutique
  • Rendezvous Lounge
  • Shame and Regret
  • Shears / Shears Barbershop
  • T Byrds Tacos & Tequila
  • Tattoo Demon
  • The Bench
  • Ute & Yet

thank you

The DDA Small Business Relief Fund was funded directly through the DDA and, especially, a grant of $250,000 from Pinnacol Assurance. Additional support came from the following generous businesses and organizations:

  • Pinnacol Assurance
  • Amanda Luciano, Trent Properties
  • BlueStaq
  • Boecore
  • BombBomb
  • Colorado Springs Commercial
  • Colorado Springs Urban Renewal Authority
  • Formstack 
  • Nunn Construction

Grant process

Funds are limited. More than 120 businesses applied, and not all applicants were funded. 

A diverse Review Committee evaluated all applications and sent its recommendations to the board of directors of the Downtown Development Authority, which made final decisions through a blind review process. Applicants were evaluated on the following criteria:

  • square footage
  • revenue
  • financial health
  • ability to rebound
  • location
  • vibrancy
  • unique character

Grant review committee:

  • Renee Behr, Behr and Behr Platinum Group Realtors
  • Howard Brooks, Energy Resource Center
  • Jordan Empey, Stockman Kast Ryan
  • Jen Furda, UCCS
  • Sarah Gonzales, US Bank
  • Seth Harvey, Bluestaq
  • Jon Khoury, Cottonwood Center for the Arts
  • Yemi Mobolade, City of Colorado Springs
  • Bill Nelson, Lewis Roca Rothgerber
  • Davin Neubacher, Navakai
  • Andrea Slattery, Nunn Construction
  • Ingrid Richter, Olive Real Estate Group
  • John Spears, Pikes Peak Library District
  • Jamie Thompson
  • Jariah Walker, Colorado Springs Urban Renewal Authority

ELIGIBILITY

Funding must be applied to payroll, utilities, suppliers, vendors, and/or lease or mortgage. 

  • Business must have been operating within the DDA boundaries as of June 1, 2019. See map.
  • Applications are open only to restaurants; craft brewers or distilleries; soft goods retailers and specialty food purveyors; art galleries; coffeeshops and ice cream shops; movie theaters; bars; salons; tattoo parlors; and fitness centers.
  • Independently owned franchises are eligible.
  • Applications are to be submitted per business address (a restaurant ownership group thus may have more than one application).

INELIGIBLE

  • National chains, although businesses with five or fewer operations under the same brand throughout Colorado are eligible.
  • Some service businesses including but not limited to auto repair, other repair services, medical services; professional services such as attorneys, accountants, real estate agencies, etc.; nightclubs; vape/smoke/marijuana shops; liquor stores; nonprofits; pawn shops.
  • Downtown businesses located above street level.
  • Businesses outside the DDA boundaries. 

FAQ

  • Why was this restricted to Downtown businesses?
    The funding for these grants is generated by a Downtown taxing district and is therefore restricted to support businesses within that district.
  • How is the DDA funded?
    The DDA is funded by a 5-mill tax levy and through Tax Increment Financing (TIF). TIF is the capture of increased property tax revenues following a baseline assessment. TIF revenues go into a special fund and as it grows, the funds can be leveraged for support of Downtown projects, such as this Relief Fund.

Additional questions? Email Info@DowntownCS.com with your questions.

ABOUT THE DDA

The DDA builds public and private investment partnerships to foster the physical and economic growth of Downtown Colorado Springs. The DDA is funded through a 5 mill property tax levy and Tax Increment Financing (TIF). TIF is the capture of increased property tax revenues following a baselines assessment. TIF revenues go into a special fund and as it grows, the funds can be leveraged for support of Downtown projects, such as this Relief Fund. Learn more here.