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Grants and Loans, Longmont Economic Vitality


The Department of Economic Development has a number of programs to provide financial assistance to new or existing businesses.

Grants

Our grant programs are designed to assist retail sales tax generating businesses that occupy a store front in the City of Longmont.

Business Improvement Grant - The Business Improvement Grant, provides reimbursement to existing retail business (open at least two years) that are making physical improvements/upgrades to their property. This grant can provide reimbursement for up to 25% of eligible project costs, up to $7,500.

Business Recovery Grant - The Business Recovery Grant program has ended and applications are no longer being accepted. The Business Recovery Grant provides reimbursement to existing Longmont business that are rebuilding and recovering from the recent flooding that affected Longmont. This grant can provide reimbursement for up to 25% of eligible project costs, up to $5,000.

Business Start-Up Grant - The Business Start-Up Grant, provides reimbursement up to $2,000 for eligible start up costs to new retail business (open less than two years) in Longmont.

Retail Conversion Grant - The Retail Conversion Grant, provides reimbursement up to $7,500 for converting non-retail properties within the Downtown Development Authority District to retail properties to encourage new retail development. Additional matching funds (up to a 2-1 match, up to $15,000) may be provided by the DDA.

Loans

Small Business Lending Program - The Small Business Lending program is a partnership between the City of Longmont and the Colorado Enterprise Fund. This program is designed to provide loans up to $50,000 for business and non-profit organizations that have yet to qualify for traditional financing. Loans for typical small businesses and acquisition of real estate are available depending on the needs of the business.

For more information, contact at 303-651-8330 or email economic.vitality@ci.longmont.co.us.

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