Town of Frederick Business Recovery Plan
Grant Program: January 2, 2021 to February 28, 2021
Grant Available Funding: $200,000 total with a $20,000 max grant award per business.
The Town of Frederick and Board of Trustees asked for and received feedback from local businesses to better understand the hardships and financial struggles impacting their livelihoods due to the pandemic and State of Colorado mandated restrictions. As elected officials and leaders, we know a healthy business community builds a vibrant community. We believe it is time to extend a lifeline to business owners needing help to recover, be viable in the long run and continue to call Frederick home.
On December 15, 2020, The Board of Trustees authorized the Frederick Business Recovery Plan, a two-month grant program to support brick-and-mortar businesses in the Town of Frederick affected by the COVID-19 restrictions dated November 20, 2020. The Town has allocated $200,000 in funds from the Oil Royalty Trust Fund as defined in Municipal Code Section 4-59. The Board of Trustees for the Town of Frederick designates the Frederick Oil Royalty Trust Fund to be used to support the Frederick High School Scholarship Program, community organization grants, economic development programs, and those governmental purposes as the Board may be designated from time to time. The Board further adopts a cap on annual disbursements from the fund to no more than four and one-half percent (4.5%) of the fund balance, as determined on December 31 of the prior year.
In the Center of Everything
Frederick’s central location to regional employment is evident. New executive and employee housing stock are rapidly developing in Frederick, and there are many new and planned K-12 schools to serve the growing population.
Transportation access, population, employment and residential growth together attract commercial development. Frederick’s ongoing investment in plans, programs and infrastructure ensure that quality development will continue to create a dynamic and sustainable community for many years to come.
With in-house planning, building and engineering teams, Frederick has streamlined processes, including permitting and site development, proving that we are open for business to meet the needs of the community. We’re experts regarding the necessary infrastructure, approvals and processes. We will be your guide to navigating them successfully and quickly, helping your business get off the ground without losing time or money in the process. Incentives may be available for expanding and new businesses and new non-residential developments. This can include rebate programs, Urban Renewal Areas (URA), Public Improvement Funds (PIF) and other creative financing mechanisms. We are committed to your success from plans on paper to the grand opening celebration and beyond. Submit an application to be considered for incentives.
Upstate Colorado Economic Development is a public/private non-profit economic development corporation that provides services to all of Weld County.