With the recent State of Emergency declaration to combat COVID-19’s spread in Colorado, we are dedicating our outreach to support the health, safety and economic prosperity of small businesses across the State. The State of Emergency declaration is an important step to access key resources to protect Coloradans and our economy.
Our commitment is to share the most timely information, processes and resources available.
The first phase of the State’s response must be containment and that includes information sharing, preventative actions and resources to help.
What you should know:
The Colorado Department of Public Health and Environment (CDPHE) is leading the State’s multi-agency crisis response. We encourage you and all of your partners to stay informed with reliable, up-to-date information through CDPHE’s website: colorado.gov/cdphe/2019-novel-coronavirus and the Center for Disease Control .
Additional sources of information:
To limit virus transmission, meetings should be conducted via telephone or video conferences whenever possible.
Telecommuting: Where viable, the role of telecommuting should be discussed as a tool to maintain business continuity.
To best protect public health, the Colorado Department of Health and Environment is recommending that Coloradans follow the Center for Disease Control and Prevention (CDC) guidance released today (March 16, 2020). The guidance states that the CDC “recommends that for the next eight weeks, organizers (whether groups or individuals) cancel or postpone in-person events that consist of 50 people or more throughout the United States.
SBA Disaster Assistance in Response to the Coronavirus:
Please note that although there is a “How To Apply” button on the SBA link, it may not be activated yet for this situation, because the disaster declaration process isn’t completed yet. Again, we will communicate better information when available.
From our experience with the 2013 Northern Colorado flood, we do recommend you gather key financial documents, if you think you might need to apply for a loan:
· Last three years of federal tax returns for your business.
· Last three years of personal federal tax returns.
· A Personal Financial Statement.
· Articles of Incorporation.
· A Business Plan with Financial Projections might be helpful, but probably not required.
We are here to support our local businesses and entrepreneurs during these very challenging times. We will do our best to communicate useful business resources, and provide support, to mitigate the impacts of this health situation.
SBDC Centers Operation:
As there continues to be new restrictions and recommendations on travel, conferences, work from home policies, and social distancing in order to minimize the spread of the virus, we at the SBDC will continue to embrace these recommendations to help keep our clients, staff, and community healthy. As such, many face to face client meetings may be moved to a phone call or video chat, and trainings will move to online webinar formats.
The Colorado SBDC has compiled the appropriate resources for your business on our Disaster Preparedness and Continuity Page. We will continue to provide updates as they come in.