Amidst the ongoing construction of Denver's Bus Rapid Transit project, small businesses along East Colfax Avenue are now eligible to receive grants of u...
Amidst the ongoing construction of Denver’s Bus Rapid Transit project, small businesses along East Colfax Avenue are now eligible to receive grants of up to $15,000. This initiative aims to support businesses impacted by the construction activities stretching from Colorado Boulevard east to Roslyn Street.
Support for Local Businesses
The city has teamed up with The Fax Partnership and Mile High United Way to provide financial assistance to businesses facing challenges such as reduced access, parking limitations, and decreased foot traffic due to the construction.
Monica Martinez from The Fax Partnership expressed optimism about the upcoming improvements, mentioning that infrastructure enhancements are in progress. She highlighted that the city’s plans include operationalizing the BRT as early as fall 2026, potentially leading to increased foot traffic and reduced disruptions for the affected businesses.
Impact on Business Owners
Some businesses, like La Abeja Restaurant and Green Door Fitness, have already benefited from the grants, helping them navigate through the tough times caused by the ongoing construction. Owners have expressed gratitude for the support received, emphasizing the importance of community assistance in keeping their businesses afloat.
Elisa Garcia, the owner of Viva Mexi Coffee Shop, shared her challenges since the establishment’s opening in 2024, citing setbacks from prior water pipeline work by Denver Water and subsequent BRT construction impacts. Despite these hurdles, the grants provided a lifeline for many businesses in the area.
Application Details
For businesses seeking assistance, grants ranging from $7,500 to $15,000 are available based on annual revenue. To qualify, businesses must operate within the construction zone and demonstrate the negative impact on their operations. The application deadline is set for May 5, providing a vital opportunity for affected businesses to access financial aid.
The Denver Economic Development Opportunity has already allocated $1.6 million in grants to 125 East Colfax businesses, with over 100 businesses receiving additional support services like marketing guidance, bookkeeping assistance, and business advisory sessions through Mile High United Way.
This collaborative effort aims to not only offer financial relief but also provide businesses with the necessary tools and resources to navigate the challenges posed by the ongoing construction activities.
Source of the article: www.cbsnews.com