303-658-2113
Westminster...Where Colorado Connects for Business

Small Business Capital Projects Grant

The Small Business Capital Projects Grant program provides one-time, project related, financial assistance on a  reimbursement basis, to encourage the growth and retention of existing Westminster businesses.
 
Application Deadline: July 1, 2017

Business Eligibility

  • Must have 50 or fewer employees
  • Must be an existing business (>1 year) and have an active Westminster business license
  • New businesses may be considered for approval with an active Westminster business license and submittal of a current business plan
  • Must have a project that qualifies as a real property improvement or tangible property purchase; Operating costs are not eligible for reimbursement

Project Criteria

Real property improvements:  A permanent addition to, or betterment of, real property that enhances the capital value.
 
  • Exterior improvements: roofing, siding, parking resurfacing, and fence replacement
  • Interior improvements: flooring, mechanical, electrical, plumbing upgrades, accessibility improvements, and related design and contractor fees

Tangible property purchases: Depreciable assets purchased for direct and sole use by the business which have an estimated useful life of three years or more.
 
  • Furniture and fixtures
  • Equipment (computers, appliances, specialized manufacturing machinery)
  • Accessories required for equipment operation will be considered with proof of relevance and inclusion in budget

Guidelines

  • Grant awards are no more than 10% of project cost, with a maximum grant amount of $5,000
  • Documentation of purchase/project completion is required prior to reimbursement
  • Businesses may not apply more than once a year per project, and may not receive more than $5,000 maximum for all projects combined within the current year.
  • Reimbursement is only valid for costs expended within the year of application; Expenditures exceeding allowable amount will not be carried forward
  • Projects must meet the city’s building permit requirements
  • Capital Project Grants are awarded as funding allows; Qualified applications received by the deadline will be scored by a committee based on adherence to project criteria and overall positive impact to the business

Process

  • Return fully completed application to the Economic Development Department by the application deadline; Application must include a project budget with qualified estimates for improvement projects or equipment purchases. Applications without a budget will not be considered
  • Applicant will be notified of project approval within three weeks of application deadline
  • Upon completion of project, submit all project related receipts, invoices and supporting payment documentation by November 30th
  • Schedule an on-site project inspection with staff
  • Await approval and reimbursement, usually 2-4 weeks

For questions, contact the Economic Development Department at 303-658-2108 or ecodevo@cityofwestminster.us.

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Westminster Colorado Economic Development Office 4800 West 92nd Avenue Westminster, CO 80031