Financial Assistance Programs
The Arvada Economic Development Association (AEDA) facilitates business growth by offering a variety of financial assistance and tax credits for businesses in targeted industries. These programs allow businesses to start, expand, renovate, or relocate in Arvada. AEDA can also steer businesses to County, State, and other organizations that offer assistance. Review the listed AEDA programs, if you need additional assistance or would like to learn about county or state incentives, contact AEDA staff directly at 720.898.7010 or firstname.lastname@example.org.
The State enterprise zone program provides incentives to businesses located in designated enterprise zones. Learn more about state income tax credits and locations in the enterprise zone by visiting www.advancecolorado.com/ez.
AEDA Small Business Grant
AEDA created the Arvada Small Business Grant program to support businesses that are making a capital improvement to property and inturn improving the Arvada community. The 50/50 matching grant program leverages AEDA funds and private sector investment to enhance commercial properties in Arvada. The ultimate goal of the Arvada Small Business Grant program is to help business and property owners improve commercial buildings, grounds, and signage in the City of Arvada.
The AEDA Small Business Grant Program is currently open and is accepting applications. To be considered, completed applications must be turned in by 5:00 pm on Friday, September 30, 2016. If you have questions or would like more information about the program contact Allison Trembly at email@example.com or 720.898.7013.
AEDA Loan Program
This program is designed for existing small businesses to offer financing for locating to or expanding in Arvada. Loans may be used for, but not limited to, tenant finish and space requirements, expansion, equipment purchase, operations (excluding items listed below) and/or to purchase a business. This program is designed to provide financing to businesses not able to obtain complete financing through conventional funding and therefore needing access to “gap” financing. For this purpose, “gap” financing relates to the gap between the total amount needed for the project and what the borrower is able to assemble through traditional sources.
AEDA MicroLoan Fund
presented by AEDA and the Colorado Enterprise Fund (CEF)
In 2011, AEDA used funds from the Arvada City Council to partner with Colorado Enterprise Fund (CEF) contributing $200,000 toward a microloan program for businesses challenged by gaining access to capital. CEF matched the $200,000, resulting in a total of $400,000 available to Arvada businesses for micro loans ranging from $2,000 to $50,000.
AEDA Job Creation Program
The AEDA Job Creation Program is designed to assist businesses that bring additional employment opportunities to the City of Arvada through a new business, relocation or expansion. The program provides a $500 grant for qualifying net new job(s) after one full year of employment. Qualifying jobs must pay a salary above $ 45,000 for each net new job created in the City of Arvada. Businesses must be located within City limits and be in good standing with the City of Arvada. To learn more about the program, contact Daniel Ryley at 720.898.7018 or firstname.lastname@example.org.
AEDA Economic Impact Fund
In order to maintain flexibility, the AEDA Economic Impact Fund exists to provide financial assistance for special projects on a case-by-case basis. While this program does not have specific project qualifications, match funding requirements or funding limits, applications are heavily scrutinized to ensure public benefit and that the scope of the project is in alignment with AEDA’s economic development mission.
Jefferson County Business Incentives
To learn more about business assistance and incentives in Jefferson County, check out Jefferson County Economic Development Corporation.
Adams County Business Incentives
To learn more about business incentives in Adams County, check out Adams County Economic Development.