Press Releases

For Immediate Release • December 21, 2009
Staff Contact: Doug Bene, Economic Development Manager, 303-651-8403
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City Offers Business Start-up Grants

DECEMBER 21, 2009 - The City of Longmont has added a new tool to use as part of its economic vitality efforts to strengthen and diversify Longmont’s economy. City Council approved the Business Start-Up Grant (BSUG) Program in November 2009.

The purpose of the BSUG is to encourage new sales tax generating storefront businesses in non-residential zoning districts. The program will provide a reimbursement grant up to $2,000 for legitimate start-up costs to qualified applicants. All criteria must be satisfied prior to applying for reimbursement.

The City recognizes that the first three years of operation can be especially challenging for new businesses. The BSUG Program includes several elements that can be part of a new business’s foundation for success. Besides providing some capital assistance, this program introduces new business owners to various economic development resources that the City provides either directly or with its economic partners. Business owners can take advantage of free and/or low cost business-related training and receive assistance in developing an acceptable business plan.

The success of these businesses contributes to the City’s economic vitality and sustainability by providing sales tax for City services, occupying vacant storefronts in the City, and providing more opportunities for people to shop in Longmont.

The BSUG Program is just one of several economic vitality programs that the City provides with its partner organizations. Existing businesses can take advantage of other programs such as the Longmont Economic Gardening Initiative (LEGI).

Stay tuned for two new programs in the coming months: the Small Business Lending Program and the Business Outreach Team. For further information about the BSUG and other economic vitality programs, contact Doug Bene, Economic Development Manager at 303.651.8403 or doug.bene@ci.longmont.co.us.

Business Start-Up Grant Criteria

Location Requirements
Within the City of Longmont
Storefront
Ground floor
Outside entrance accessible to the public
Commercial, industrial, or mixed use zoning districts
Generate sales tax
Open in 2009 or 2010
Be active at time of reimbursement
Complete an approved training program
Prepare an acceptable business plan
Obtain all applicable licenses
Be in compliance with all City codes and regulations

For more information go to www.ci.longmont.co.us/econdev/business_start-up_grant.htm

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