1. Writing a short profile of your company.
Tell us about your business. Why did you start this business? What does your company do? What do you do differently or better than your competitors? Are there any social causes that are important to your business? How would you use the winnings to enhance your business?
2. Having a copy of your logo available to upload along with some photos.
You’ll need a digital version of your current logo and several photos that best represent your business. Be sure your photos are formatted horizontally.
3. Creating an optional YouTube video.
Make a one-minute video describing your business and its mission. While a video is optional, it does help voters and the contest judges get to know your business quickly.
An example application can be found here-https://www.fedex.com/content/dam/fedex/us-united-states/NNC/images/2019/Q4/FedExSBGC19_SampleProfile_1894621596.pdf
Application deadline is Mar.9. Mar.10-24 is the voting period where anyone with a valid email address can vote on the businesses they like most with a one vote per 24 hour period limit.
The top 700 businesses will then be narrowed down in the Judging Period from Mar.25-May.9 to the top 100 by the following criteria:
Clear, compelling and engaging essay answers and video
• Use of social media to develop Entrant’s brand voice, including use of
visuals, cohesiveness, humor, engagement and uniqueness
• Website ease of navigation, ease of ordering services or products (if
applicable), product availability (in stock or not, if applicable)
• How well the Entrant’s brand aligns with the FedEx brand
• Whether the small business owner is prepared to be a Small Business
Ambassador or mentor to other small businesses
• Review of social media sites, including all posts and/or images
1. Grand Prize: $50,000 plus $7,500 in FedEx print services
2. Second Place: $30,000 plus $5,000 in FedEx print services
3. Ten Third Place Prizes: $15,000 plus $1,000 in FedEx print services
There will be up to 5 additional Prize Packages based on prize level:
a) Website Optimization or Website Audit Prize Package:
a. Grand Prize Winner: Custom in-depth Technical SEO Website Audit detailing all SEO (search engine optimization) deficiencies and including detailed recommendations for improvements, valued between $2,500 – $5,000 depending on number of website pages. Audit can take up to 45 days to complete. Prize expires December 31, 2021.
b. 2nd Place Winner: One Website Conversion Optimization Audit detailing potential conversion issues and recommended enhancements to improve conversion, valued between $500 – $2,000 depending on number of website pages. Audit can take up to 30 days to complete. Prize expires December 31, 2021.
c. 3rd Place Winners: One Website Audit with high level review and recommendations for enhancements to SEO, valued at $50. Audit can take up to 14 days to complete. Prize expires December 31, 2021.
b) Invitation to Virtual Small Business Grant Winner Forum:
a. All Winners: Invitation to join virtual forum to celebrate grant winners and includes meeting high-level FedEx executives across Marketing, Sales, Ecommerce, Innovation, and many more to share small business insights and needs across the FedEx organization.
c) Print Expert Consultation Prize Package:
a. All winners: One 30-minute consultation with a dedicated FedEx Office representative to discuss opportunities for usage of FedEx Office prize towards print and business services including custom branded packaging at FedEx Office. Consultation and prize available until May 31, 2022.
d) My FedEx Rewards $300 voucher
a. All winners: Each winning business will receive one $300 voucher redeemable through the My FedEx Rewards limited catalog. Does not require enrollment into My FedEx Rewards to select an item. Not redeemable for cash. Voucher expires August 10, 2021.
e) Dictionary of International Trade and Webinar:
a. All winners: Each winning business will receive a complimentary international shipping dictionary, valued at $45 and access to attend one international shipping webinar, valued at $55.
The Top 100 Finalists will receive access to three business resources: a) Financial consultation b) Attendance at a Small Business National Conference and access to up to three (3) webinars c) Mentor matching.
–Any federally insured bank or lender can access these programs for businesses, unlike normal SBA programs which require a partner lender
Economic Injury Disaster Loan (EIDL)-COVID-19: Apply-https://covid19relief.sba.gov/
Targeted EIDL Advance:
SBA Debt Relief: SBA will pay principal and interest for six months for current 7(a) loans (an SBA program that provides up to $5 million loans for expansion, renovation, and purchase of new equipment), section 504 loans (program that provides 90% of the financing for improvements or expansion of business), and microloans approved prior to Sep.27, 2020 capped at $9,000 per month.
Express Bridge Loan Pilot Program: Eligible lenders and forms to apply-https://www.sba.gov/sites/default/files/2020-03/Express-Bridge-Loan-Pilot-Program-Guide-FINAL-3.25.20.pdf
: 0-low interest loans $1000-$20,000 to be used for working capital expenses. Must have reasonable credit history and demonstrate profits were able to support loan payment before COVID-19 business interruption. 0% interest rate for six months, 2% for up to two years. Must retain low income jobs, guarantor must be 20% or more ownership of company. $25 application fee for individual (waived for 90 days), six months to two-year term, payment begins after 60 days. Apply at https://nwsoco.org/community-lending/emergency-micro-loan-fund.html
No longer available
The State of Colorado authorized the Small Business Relief Program (SBR) through Senate Bill 20B-001 on Dec.7, 2020. The program provides the Department of Local Affairs (DOLA) with $37 million to distribute to local governments to provide as grants to small businesses in areas affected by severe capacity restrictions. The deadline to apply is Feb.16th.
Grant amounts are based on 2019 receipts for sales or revenue and are separated into three tiers:
Please Submit Applications to: Dominic Elizondo, Business Resiliency Specialist, Huerfano County
Via Email: email@example.com
Via Mail: 401 Main Street, Suite 201, Walsenburg, CO 81089
Email submission is preferred. Applications may be dropped off to the County Courthouse Dropbox
Applications are on the Huerfano County Public Notices Section under DOLA Small Business Relief Grant-DOLA_Small_Business_Relief_Grant_Application.pdf (huerfano.us).
CDLE provides assistance for employees applying for unemployment benefits and work-share programs for businesses, where employees work 10-40% less hours for partial unemployment benefits, consultations on layoff-aversion and workshops for employees in transition. Available at https://www.colorado.gov/pacific/cdle/information-and-resources-coronavirus . The CDLE also provides a list of other aid benefits from the CARES Act, including-
Emergency Family Medical Leave: Pays two-thirds of employee’s regular rate of pay. Extends 10 weeks of paid leave for employees unable to work or telework to care for a child because their school or day care has closed. The first 10 days for which an employee takes leave are unpaid unless the employee chooses to substitute accrued leave. The first 10 days can also be covered by the Emergency Sick Leave Provision.
Emergency Paid Sick Leave: Pays two-thirds to 100% of employee’s regular rate of pay. Employers are required to provide up to 80 hours of paid sick leave for employees unable to work or telework:
Employers are eligible for a tax credit equal to 100% of the qualified sick leave wages paid as a result of the order, not to exceed $511 a day in personal medical cases and $200 a day for those using leave to care for children. Those who are self-employed are also eligible for tax credits.
Business and Industry Loan Guarantee: $1 billion in lending authority available for businesses, nonprofits, coops, federally recognized tribe, and individuals. Eligible areas have populations less than 50,000 and not in the urbanized area of the city or town. Business headquarters may be located anywhere as long as the project is in an eligible rural area. Funds may be used for
Loan term for machinery and equipment if the useful life of the capital or 15 years, whichever is shorter. Term for real estate is 30 years, and for working capital 7 years. Interest only payments may be scheduled for the first 3 years. Interest rates negotiated with lender.
For more information on what lenders are participating in this program, talk to your creditor or contact the USDA Colorado office:
Sallie Clark, State Director
Denver Federal Center
Building 56, Room 2300
PO Box 25426
Denver, CO 80225-0426
Voice: (720) 544-2903
Fax: (720) 544-2981
Colorado Relay: (800) 659-3656
USDA Coronavirus Guidelines: FAQ’s on food safety and access to food, as well as agricultural trade- https://www.usda.gov/coronavirus
USDA Programs and Services Update: USDA’s Farm Servicing Agency is extending deadlines for farm loan applications, loan servicing actions (such as deferrals) and will cease loan accelerations. Other extensions and alterations for commodity loans, crop insurance, and disaster assistance can be found at- https://www.farmers.gov/coronavirus
For more information and assistance on applying for USDA programs, contact the Trinidad Service Center, 3590 East Main Street, Trinidad, (719) 846-3681
A partnership between High Plans Advisors, Lew’s List, and Foundry Group that provides pro-bono financial advising for businesses in Colorado to help with cash flow issues. Has 60 senior finance executives, a law and accounting firm, and a tax practice. Will be set up with an advisor 24-48 hours after applying. Apply here
A partnership between the Colorado Attorney General’s Office, the Office of Economic Development and International Trade (OEDIT), and several private law firms to provide limited free legal advice for Colorado small businesses on COVID-19 by volunteer attorneys. Once you have applied, there is no guarantee an attorney will be able to assist you, and it may be two weeks before an attorney contacts you. The site offers free webinars that offer legal advice related to COVID-19 such as information on evictions, lease management, insurance asset liquidity, and loans. It also provides general COVID-19 resources from the SBDC, CDC, and the COVID-19 Business Hotline-a State resource for information and advice for small businesses dealing with the adverse financial affects of COVID-19. Apply here
Funds provided by the Colorado Department of Agriculture has allowed the Respond and Rebuild Fund-a group of 14 food systems organizations- to make $1 million available to producers, processors, and intermediaries affected by COVID-19. Eligible expenses should have been made from Mar.1st-Dec.30th, 2020, be directly attributable to COVID-19, and include:
As well as costs to adjust business model due to COVID-19, such as
Requests that don’t qualify for funding are:
Eligible applicants are:
Producers, intermediaries, and processors can apply independently or jointly. Consideration given to beginning producers, veteran producers, female or minority producers. Priority given to applicants who have never applied for the fund before.
Grants are available to producers at a maximum of $12,500 for demonstrated losses/costs and business model pivots due to COVID-19. For intermediaries, processors, and associations of producers, farmer’s markets, and food hubs, the maximum request is $50,000, with priority given to intermediaries who can demonstrate added value to their regional food system. Applications for third round close Nov.9. To access the application for producers, processors, and intermediaries, access the links below on the Colorado Farm and Food Systems Respond and Rebuild Fund site:
The Energize Colorado Gap Fund will provide more than $25 million in small business loans and grants to boost small businesses impacted by COVID-19. Sole proprietors, businesses and nonprofits with less than 25 full-time equivalent employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance for economic losses associated with COVID-19 due to stay at home order, voluntary closure, decrease in customer demand, or increased operating costs. Loan terms will be 24-36 months with interest rates of 0% and payment deferment for the first 4 months, 1% for months 5-12, and 1.5% after. The second round is open Oct. 5-28. Sign up to Energize Colorado’s email list to be alerted when another application period opens. https://energizecolorado.com/newsletter-signup/
Examples of Eligible Expenses:
Documents that demonstrate economic hardship due to COVID-19 include
Priority Given to Businesses Who Are:
Energize Colorado will provide a mentoring program to assist in filing this application. If you have reviewed the information available online and still have questions, reach out to the technical assistance team for help. They are available to answer questions or help prepare documentation ahead of time for when the application is released.
1-800-471-0628 (7 days a week 6 AM- 6 PM)
An applicant may apply for funding more than once. This may be considered if;
: The Colorado Restaurant Foundation, Xcel Energy Foundation, and the State of Colorado have partnered together to create the Colorado Outdoor Winter Dining Grant Program. This program assists restaurants that have faced adverse effects from COVID-19 and State and local regulations on indoor dining regulations. Grant funds are to be used for the purchase of items needed to maintain outdoor dining space in the winter. Maximum grant award is $10,000 and the deadline for applying for the second round is Dec.11, with funds disbursed on Dec.21. Apply at: https://cooutdoordining.org/colorado-winter-outdoor-grants-application/
1. Only Colorado-based restaurants are eligible (food and beverage service must be the primary operation). Restaurant must be located in Colorado and majority-owned by Colorado residents.
2. Eligible restaurants must be open to the public for on-site food and/or beverage preparation and service at least 5 days a week.
3. Eligible restaurants must be in good standing with their state and local government.
4. Grant funds must be used to purchase items needed to maintain outdoor dining spaces for patrons during colder weather (“Eligible Expenses”)
5. Projects completed after August 1, projects in process, or planned projects that will be completed by January 15 are eligible to apply.
6. Proof of hardship – special priority will be given to businesses that can show a year over year revenue loss of more than 40%. Any restaurant that can show a loss of 20% or more will be considered.
7. Equitable geographic distribution in Colorado will be considered as this a statewide program.
8. Corporate-owned chain locations are not eligible. Franchisees are welcome to apply.
9. For grant awardees, ½ of the funding will be distributed upon notification of the award. Final funding (second ½) depends on submission of a photo of the completed space plus receipts for all Eligible Expenses.
10. Incomplete applications will not be considered.
11. You may receive assistance from the Program only once
1. Architectural or design fees
2. Construction materials and contractor fees
4. Heaters and/or heating equipment or expenses related to heating
7. Snow removal
8. Safety measures/equipment
9. Cold-weather gear for staff or patrons
10. Other expenses directly related to your outdoor dining program
Additionally, the Foundation brought together design professionals, contractors, public health officials, representatives from local fire departments, building officials, restaurateurs and more to participate in a design charette (a meeting in which all stakeholders in a project come together to attempt to resolve conflicts and map solutions) to create feasible ideas for outdoor dining concepts through Colorado’s cold- weather months. The solutions should be relatively inexpensive, fit within all building and fire codes, and keep the staff and guests comfortable and safe. These designs can be found at: https://cooutdoordining.org/winter-outdoor-design-workshop-design-concepts/
OEDIT has provided a routinely updated Google Docs sheet of alternative sources of loans, grants, and other forms of financial assistance for Colorado businesses. The full list of resources can be found on https://docs.google.com/spreadsheets/d/18B-l5Rz8XE14Bn9LdQ1a8oDOpi6kKB1p0v2L_qQtVBE/htmlview?usp=sharing
There are hundreds of resources for all sectors of the economy, and from private and federal organizations, assisting in everything from credit card deferments to grants for restaurant employees and bartenders. Highlights of resources that may be applied for by Huerfano County businesses-
Coronavirus Food Assistance Program:
The USDA has implemented a second round of the Coronavirus Food Assistance Program (CFAP 2) for agricultural producers facing financial disruptions and increased costs due to COVID-19. The program provides a maximum of $250,000 for producers to absorb some of the increased marketing costs due to the pandemic. Eligible commodities for CFAP 2 include: Row Crops, Wool, Livestock, Specialty Livestock, Dairy, Specialty Crops, Floriculture and Nursery Crops, Aquaculture, Broilers and Eggs, Tobacco. You can access a full list of all eligible and ineligible commodities outlined by payment category at farmers.gov/cfap/commodities. Online application can be found here- https://apps.fsa.usda.gov/cfap2/index.jsp. The deadline to apply is Dec.11.
2. Producers must be in the business of farming at the time of submitting their application to be eligible.
3. Commodities grown under a contract in which the grower has ownership and production risk are eligible for CFAP 2.
4. Producers can apply for assistance for only commercially produced commodities.
5. To be eligible for payments, a person or legal entity must have an average adjusted gross income of less than $900,000 for tax years 2016, 2017, and 2018. However, if 75 percent of their adjusted gross income comes from farming, ranching, or forestry-related activities, the AGI limit of $900,000 does not apply and the person or legal entity is eligible to receive CFAP 2 payments up to the applicable payment limitation.
6. Persons and legal entities also must comply with the provisions of the “Highly Erodible Land and Wetland Conservation” regulations, often called the conservation compliance provisions; and
not have a controlled substance violation.
The $250,000 limit applies unless-
Commodities not eligible for CFAP 2 include:
First Southwest Community Fund COVID-19 Response and Recovery Fund: Loans for rural businesses and non-profits affected by COVID-19.
National Association for the Self-Employed Growth Grants: Available to business owners who are a member. Must be in good standing three months before applying, can apply immediately if an annual member, after 90 days if a monthly member. Annual membership costs $120 while monthly membership costs $11.95 monthly at the most basic plans. Applicants can receive up to a $4,000 grant if they-
Grant funds can be used for:
Rocky Mountain MicroFinance Institute Business Builder Loans: Offers four types of loans throughout the stages of a business being developed, higher amounts available on successful repayment of smaller loans.
Eligible businesses have five or fewer employees and are in need of immediate capital of $15,000, household income must be less than sliding scale.
Interest rates between 8% and 12% with repayment periods of 6-24 months. Apply at http://www.rmmfi.org/re-launch/
U.S Chamber of Commerce Save Small Businesses Fund: Provides $5000 grants to small businesses. Must-
Apply at https://savesmallbusiness.com/#apply . Unfortunately, currently not accepting any new applications. Check for updates
Verizon Small Business Recovery Fund: $2.5 million Verizon investment to provide grants of up to $10,000 to small businesses facing immediate financial pressure, which can be used for
Register at https://confirmsubscription.com/h/r/6FF3E206B37FBDE42540EF23F30FEDED for information on the next round.
Colorado Lending Source and KIVA Hub Partnership: Provides 0% interest microloans up to $15,000. To apply, owners must-
To apply, go to https://www.kiva.org/borrow
Farmer’s Emergency Fund: Grant of $500 for small farms of less than 500 acres for immediate emergency expenses related to farm operations and daily necessities, including utilities, medical payments, farm labor, equipment repair, or purchase of seed if suffered crop loss recently. Apply at https://www.30000acres.org/farmers-fund/. Fund is temporarily closed
eBay Up and Running Program: eBay is offering a program to small businesses who transition into online retail with benefits including-
. Access the program at- https://pages.ebay.com/upandrunning/
Lowe’s-LISC Partnership Rural Relief Small Business Grant: The Local Initiatives Support Corporation (LISC) was provided $55 million for a grant fund through Lowe’s to provide grants for COVID-19 relief for small businesses, $25 million of which is for small businesses in rural areas-defined as communities with 50,000 or less people.
Grants from $5,000 to $20,000 for
Applicants with multiple businesses must only apply for their largest business. May make separate applications for each round. Priority given to women, veteran, and minority owned businesses or businesses in underserved communities lacking access to flexible, affordable, capital.
Latest round opened Nov.26th and closes Dec.6th at 11:59 PM.
: $10,000 loans at 3% interest rates and two-year terms. Businesses must be located in a rural community. Payments deferred for six months. To apply, go to-https://www.coloradolendingsource.org/articles/small-business-emergency-loans
Small Business Resiliency Guide that uses critical resources, alternative resources available to businesses as well as their emergency response plans to formulate a contingency plan for hazards such as COVID-19. All business resiliency materials can be found here- https://americassbdc.org/protect-your-business/
This is insurance that covers business income lost due to a disaster and is generally an addendum to your property insurance. The coverage period is generally defined as the date the interruption began to the date normal business operations resumed. It covers operating expenses, a move to a temporary location, payroll, taxes, loan payments, and profits. Financial statements from previous months are used to justify amount of payout. Providers include Farmer’s Insurance, AP Intego, and Nationwide. Annual premiums are typically anywhere from $500-$1500. Unfortunately, business interruption insurance only covers physical disasters currently, but business interruption insurers are considering an option where by claims are made related to COVID-19 and are adjusted by the insurance provider to determine an appropriate payment- https://crsreports.congress.gov/product/pdf/IN/IN11295
For example, the Hartford doesn’t specifically cover insurance claims related to COVID-19 but states “Every situation, however, will be evaluated on a case-by-case basis and reviewed based on the underlying facts, policy language and applicable law. If you believe you have a business interruption claim, you can file a claim online.”- https://www.thehartford.com/coronavirus/businesses
It is important to discuss business interruption insurance with your property insurer to see if some form of compensation can be obtained for COVID-19 business interruption.