Colorado Democrats unveil plan for $70M in federal coronavirus aid, including small business loans and renter help

Republicans say they were not consulted on the state’s CARES Act spending once again.

Posted

Democrats in the Colorado legislature announced a slate of initiatives Thursday to spend $70 million in federal coronavirus aid, including a grant program to help small businesses recover from the pandemic and funds for mental health, domestic violence and renter assistance.

The money is a portion of the $1.67 billion Colorado received through the federal CARES Act. Most of those funds already were allocated to schools and higher education by Gov. Jared Polis, but he left a small portion for lawmakers to spend.

Democrats, who control the state Senate and House, said they will spend $20 million on the newly created “Energize Colorado Fund,” which will provide grants to small businesses with fewer than 25 employees. Businesses owned by veterans, women and minorities will have preference among the applicants, Senate Majority Leader Steve Fenberg said. 

This story is from The Colorado Sun, a journalist-owned news outlet based in Denver and covering the state. For the full story, click here.

Comments

Our Papers

Ad blocker detected

We have noticed you are using an ad blocking plugin in your browser.

The revenue we receive from our advertisers helps make this site possible. We request you whitelist our site.