Colorado Business Grants

Grant opportunities are available in the beautiful state of Colorado.

For many years, the Colorado State government has developed programs to help local businesses via grant opportunities in the state. A grant supplies a person or company with funding to advance careers and business ventures. Some grants cater to technology while others work to improve the economic development or employee training in the state. New businesses looking for a home may find funding opportunities in the state of Colorado.

Industry Training Grant

Authorized by the Colorado General Assembly in 1984, this grant is the first designed for customized training in the state. The grant recognizes the need of some businesses to retrain employees to correspond to modern technology, and the grant's design helps to enhance job security for workers and improve opportunities for competitive pay. The Industry Training Grant fosters the relationship between private industry and state-regulated training institutions.

Bioscience Discovery Evaluation Grant Program

The Colorado legislature developed the Bioscience Discovery Evaluation Grant Program to foster the development of this industry in the state. The grant design supports both new business development and enhancement of job opportunities for Coloradans. Grants available under this program include proof of concept grants and bioscience company grants. Each option has specific requirements. The proof of concept grant supports bioscience discoveries that will lead to new product development and services. The focus is life sciences, engineering, material science, computers, photonics or nanotechnology. Early-stage bioscience companies can benefit from the bioscience company grant. This program offers opportunities for a new company to develop its business in the state in hopes of spurring economic development.

Certified Capital Company (CAPCO)

The CAPCO program, created by the Colorado legislature, provides venture capital funds to new or expanding small businesses throughout Colorado. The goal of this program is to expand and spur economic growth by providing new employment opportunities. To qualify for this incentive program, corporate or business headquarters must be in Colorado. More than 50 percent of the business assets must be physically present in the state. Accountants, lawyers, banks, real estate developers, insurance companies, oil and gas exploration companies and gambling businesses do not qualify for CAPCO funding.

Job Creation Performance Incentive Fund (PIF)

The PIF program provides funding to companies that create new job opportunities in the state. The funding design offers a performance-based incentive payment to qualifying companies who pay above average wages to employees. The goal of PIF is to award companies who offer well-paying jobs and provide better economic opportunities to the workers of Colorado.

References

• Red Rocks Community College: Colorado First Grant
• Colorado State: Bioscience Discovery Evaluation Grant Program
• Colorado State: Certified Capital Companies (CAPCO) Program

Resources

• Colorado State: Job Creation Performance Incentive Fund (PIF)
• Colorado Office of Economic Development and International Trade Business Finance Programs