Business Resources

We are here for our businesses

The Basalt Chamber is here as a resource for our members, the business community and the residents and visitors to the Roaring Fork Valley. The health and safety of our community is of the utmost importance, so we have created a central page with information to federal, state and local resources. 

The Chamber has been partnering with our fellow chambers, including the Vail Valley Partnership (Eagle County), Aspen Chamber Resort Association (Pitkin County), as well as Carbondale, Glenwood Springs and the Western Garfield County Chamber of Commerce (Garfield County). See our Public Health Information page for links to local, state and federal public health resources.


Business toolkits and information (by county)

The majority of public health decisions are made at the local level – meaning municipalities and county rulings impact local businesses. Below is a list of resources to get the most current information. Visit the Public Health Information page for county-specific public health information.

Select area: Pitkin County | Eagle County | Garfield County | Colorado | Federal

County maps:

Eagle County

Pitkin County

Garfield County

Colorado

The state’s COVID-19 economic recovery and resiliency efforts are led by the Colorado Office of Economic Development and International Trade (OEDIT) and the Governor’s office. 

Phone

  • The Small Business Navigator can direct you to resources and answer questions about COVID-19 specific funding. Monday through Friday from 8:00 a.m. to 5:00 p.m. Hotline(303) 860-5881 Emailoedit_sbnavigator@state.co.us

Federal


Chamber efforts

  • We continue to monitor the situation and are working with our local, county and state partners to disseminate important information and prepare for any potential impacts.
  • We lobbied our local state representatives and Colorado is now on track to grant a special Open Enrollment period for the individual health insurance marketplace by March 20, 2020.
  • We are in constant contact with different officials to determine next steps regarding with SBA Economic Injury Disaster Loan program.
  • There is a Business Continuity Workshop scheduled on May 13, 2020, to help your businesses better prepare for these types of scenarios. Register here. 
  • What else can we do to help? Let us know your pain points.

Workforce and Labor information

Colorado Department of Labor & Employment (CDLE)

Governor Polis has requested that private employers in the state voluntarily provide paid sick leave to workers during the coronavirus outbreak. 

Emergency Paid Leave Rule – This rule is meant to limit the spread of highly contagious disease and enables workers in at-risk occupations to access testing. Additional details from our member ASAP Accounting & Payroll

The Colorado Health Emergency Leave with Pay Rules (“Colorado HELP” 7 CCR 1103-10) requires up to four days of paid sick for employees being tested for coronavirus COVID-19 in select industries which include: leisure and hospitality; food services; child care; education, including transportation, food service, and related work at educational establishments; home health, if working with elderly, disabled, ill, or otherwise high-risk individuals and; nursing homes and community living facilities.

The requirement is not on top of sick leave an employer already provides and does not cover wage replacement should an employee test positive and require quarantine resulting in lost work time and wages. 

Workers are covered regardless of pay rate or method (hourly, weekly, piece rate, etc.); the daily pay during leave is either their established daily rate or, if their pay fluctuates, their average daily pay for the past month.

Unemployment Insurance – During layoffs, all employees are encouraged to apply for unemployment insurance. Those who are job-attached (meaning workers will be expected to return after a separation of up to 16 weeks) should file as “job-attached.”

Work-Share Program [PDF] may allow certain employees who have had reduced hours to claim partial unemployment benefits.

Layoff/Separations

Employers  – Visit the Colorado Division of Unemployment Insurance Employer section (scroll way down) for more information

Employees – Your Guide to Unemployment Benefits [PDF]

  • If you are laid off due to business closures related to COVID-19, you can receive unemployment benefits, provided you meet all other eligibility requirements. File a claim online at coloradoui.gov/fileaclaim. Indicate you expect to return to work and are job-attached to your last employer.
  • Colorado Department of Labor and Employment (CDLE) will process unemployment insurance payments to ensure payment will continue to be paid in a timely manner. 
  • Online unemployment form: https://smartfile.coworkforce.com/Start.
  • Do not file until you are experiencing wage loss. For example, if you’re still getting paid for two more weeks and try to file before wage loss occurs, you will get denied.

Press Release | State Labor Department announces assistance for employees and employers during temporary shutdowns due to Coronavirus

HR resources

ASAP Accounting & Payroll COVID-19 resources – including a recording of an Unemployment Insurance webinar, unemployments FAQs, and other resources.
Cura HR – Emergency Consulting for HR

Industry-specific resources

Hospitality
Colorado Restaurant Association – Coronavirus (COVID-19) Policies and Protocols for the Colorado Restaurant Industry
How to help the hospitality industry during the COVID-19 crisisImbibe Magazine

From OEDIT

 


Office of Economic Development & International Trade (OEDIT)

COVID-19 Business Resource Center

Small Business Development Center (SBDC)

Disaster Recovery and Continuity Guide for Colorado Businesses [PDF]

Small Business Administration (SBA) resources

The SBA has created a clearinghouse of information including resources on guidance for businesses and employers, access to capital, workforce capacity, inventory and supply chain shortfalls, export assistance.

SBA Economic Injury Disaster Loan Program

NOW OPEN! | SBA Economic Injury Disaster Loans for Businesses application. | Press release.

Northwest SBDC | SBA Economic Impact Disaster Loan Application Guide [PDF] Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). All 64 Colorado counties have been advanced by Governor Jared Polis for inclusion in the U.S. Small Business Administration Economic Injury Disaster Loan Program. We are still awaiting final approval from SBA and will share updates once we know more. 

ELIGIBLE ENTITIES:

  • Applicants must meet the SBA requirements of a small business (500 employees or fewer)
  • Businesses directly affected by COVID-19
  • Businesses that offer services directly related to the businesses in the declaration
  • Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product)

INELIGIBLE ENTITIES:

  • Agricultural Enterprises: If the primary activity of the business (including its affiliates) is as defined in Section 18(b)(1) of the Small Business Act, neither the business nor its affiliates are eligible for EIDL assistance.
  • Religious Organizations
  • Charitable Organizations
  • Gambling Concerns (Ex: Concerns that derive more that 1/3 of their annual gross revenue from legal gambling activities)
  • Casinos & Racetracks (Ex: Businesses whose purpose for being is gambling (e.g., casinos, racetracks, poker parlors, etc.) are not eligible for EIDL assistance regardless of 1/3 criteria above.
  • Cannabis Industry

LOAN APPROVAL CRITERIA:

  • Credit History: Applicants must have a credit history acceptable to SBA.
  • Repayment: SBA must determine that the applicant business has the ability to repay the SBA loan.
  • Eligibility: The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons.

HOW MUCH YOU CAN BORROW:

  • Eligible entities may qualify for loans up to $2 million. 
  • The interest rates for this disaster are 3.75 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years. 
  • Eligibility for these working capital loans are based on the size (must be a small business) and type of business and its financial resources.  

HOW THE FUNDS CAN BE USED: These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits or for expansion. Funds cannot be used to pay down long-term debt.

WHAT IS NEEDED TO APPLY:

  • Completed SBA loan application (SBA Form 5).
  • Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates.
  • Complete copies of the most recent Federal Income Tax Return.
  • Schedule of Liabilities (SBA Form 2202).
  • Personal Financial Statement (SBA Form 413).
  • Income, balance sheet, and cash flow documents.
  • Other Information may also be requested.

WHEN COLORADO WILL BE ELIGIBLE: All 64 Colorado counties have been advanced by Governor Jared Polis for inclusion in the U.S. Small Business Administration Economic Injury Disaster Loan Program. We are still awaiting final approval from SBA and will share updates once we know more.

How the program works

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
  • SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-1955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

Local resources

ANB Bank – Currently offering a Loan Deferral for existing loans, with a 90 day/3 month reprieve.

Other helpful resources

Vail Valley PartnershipImpacts to our local economy due to COVID-19
Colorado Tourism OfficeTalking points and messaging (updated on a regular basis)
ASAP Accounting & Payroll – COVID-19 Business Resources Includes a recording of an unemployment insurance webinar
Facebook Small Business Grants Program