Entrepreneur Microgrant Program
The intent of the Entrepreneur Microgrant program is to assist new and existing startup businesses with activities that will benefit the business environment of Broomfield by:
- Expanding capacity of their existing operations.
- Increasing economic activity and revenue generation
- Encouraging businesses to invest in new ideas and innovations
For 2023, the Entrepreneur Microgrant Program will have one rolling application period which will be open from September 8 until funds are exhausted. Applications will be reviewed as they are submitted by staff. Applications will be reviewed based on their quality and impact, therefore a submitted application does not guarantee an award. Applications may be evaluated by Broomfield’s Economic Vitality staff for completeness and eligibility. Applicants are responsible for ensuring the completeness and context of their application for review by City Staff. Applicants may seek assistance from staff regarding their application but that does not guarantee an outcome in the review process. After the review of the applications, if staff deems the activity to meet the intent and criteria of the program, award funds may be approved by the Director or Deputy Director of Economic Vitality.
This program utilizes Community Development Block Grant (CDBG) Funds, funds for awards in this category are released prior to completion with proof, via self-certification, that the owner is Low to Moderate Income as defined by the U.S. Department of Housing and Urban Development (HUD). For income limits please refer to the table below.
Any applicants with qualifying activities who do not receive an award are allowed to apply for future rounds. Awards are capped at a maximum of $5,000 per awardee for the 2023 cycle.
All awardees will be contacted to participate in a free consultation with the Small Business Development Center who can assist in technical assistance relating to the selected activity.
To see the full program details and guidelines: click here
To Apply for the program: click here
Email Economicvitality@broomfield.org with any questions about this opportunity.