COVID-19 UPDATE: The City of Denver announces relief package. March 20,2020
The City of Denver announced today that it is creating an initial relief fund of $4 million to support small businesses during this time. The city’s primary goal is to help the people most directly impacted by the disruptions caused by COVID-19. These programs are aimed at supporting businesses so they can support their employees. Read the full release here. The package includes:
For more information, and how to apply for the various relief funding opportunities, please click here. The city is working to secure commitments from corporate partners to advance additional support for businesses and employees and is supporting efforts by the banking industry to obtain regulatory authority to provide deferrals for loan payments. To support job seekers while the city’s Workforce Centers are physically closed, workforce services will be offering 1:1 services online, by phone, and via email. In-person hiring events have also been changed into a month-long virtual job fair where job-seekers can access the same job opportunities they would be able to at our in-person job fairs. For more information, click here.
- Denver Economic Development and Opportunity (DEDO) is setting up an emergency relief program to provide cash grants up to $7,500 to qualifying small businesses. The highest priority will be the industries most impacted by the coronavirus pandemic, such as the food industry.
- DEDO, in partnership with CEDS Finance, will refocus an existing microloan program to support small businesses’ stabilization efforts. Current recipients of loans from DEDO will have the ability to temporarily defer loan payments, should they need to.
- The Denver Department of Finance (DOF) will waive the 15% penalty for late payment of February and March sales, use, and occupational privilege taxes due March 20 and April 20, 2020. The return must be filed and funds remitted within 30 days of the due date. DOF will evaluate extension of the waiver on a month-by-month basis.
- For the next 30 days, the Denver Department of Transportation and Infrastructure (DOTI) will suspend enforcement of the following:
- Parking meters (All meters will be free and without time limits.)
- Time-limited, non-metered parking areas (e.g., 30-minute, 1-hour, 2-hour, etc.)
- Residential Permit Parking areas
- 72-hour parking limits (Residents and visitors can park their vehicles in one spot for more than 72 hours.)
- Large vehicle parking (People can park trucks and other vehicles more than 22’ in length on the street.)
- School bus loading zones
- Denver’s street sweeping program will begin April 1; however, the city will not enforce parking restrictions related to street sweeping for 30 days. People who are able to move their cars on street sweeping day are asked to do so to allow street sweepers to reach the curb line and more effectively sweep.