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May 20, 2014
3rd Round of Grants to be Awarded to 14 Small Businesses in Estes Park and Big Thompson Canyon
United Way of Larimer County today announced the awarding of the third round of grant funding from its Small Business Recovery Fund (SBRF). Fourteen small businesses located in Estes Park and the Big Thompson Canyon will receive a total of $347,400 in grants to help them recover from the impact of the September 2013 flood.
The SBRF is a collaborative community initiative that provides urgently needed financial aid to small businesses in Larimer County that were affected by the devastating floods of September 2013, with the ultimate goal of retaining local jobs and restoring the vitality of the local community. The initiative is a partnership with Blue Ocean Enterprises and the Richardson Foundation, with major support provided by Bohemian Foundation.
“It is a privilege to be part of this initiative. We are so excited to see how the community has rallied to help those in our business community who were affected by the floods,” said Nancy Richardson of The Richardson Foundation. “This investment in our small business community will have a positive and lasting economic impact for many years to come.”
In total, more than $1.1 million has been awarded to 42 small businesses in Larimer County through three rounds of grant distributions.
|SBRF Grant Funding||Date Awarded||Number of Small Businesses Receiving Grants||Total Grants Distributed|
|1st Round||February 2014||8||$234,000|
|2nd Round||April 2014||20||$592,981|
|3rd Round||May 2014||14||$347,400|
The following Larimer County small businesses will be awarded SBRF grants in the third round of funding:
|Business Name||Location||Grant Amount|
|Estes Park Pie Shop||Estes Park||$28,000.00|
|Glacier Lodge||Estes Park||$21,500.00|
|Inn of Glenhaven||Glen Haven||$25,000.00|
|Patterson Glassworks Studio and Gallery||Estes Park||$10,500.00|
|Red Rose Rock Shop||Estes Park||$50,000.00|
|Riverspointe Spa||Estes Park||$27,500.00|
|Rocky Mountain Chocolate Factory||Estes Park||$15,600.00|
|Rocky Mountain Memories||Estes Park||$20,000.00|
|Rustic River Cabins||Estes Park||$25,300.00|
|Serendipity Trading Co.||Estes Park||$15,000.00|
|Sterling Pony||Estes Park||$13,000.00|
|Tiny Town Texaco, Inc.||Estes Park||$41,000.00|
|Village Goldsmith, Inc.||Estes Park||$25,000.00|
|White Elk's Visions in Glass||Estes Park||$30,000.00|
The Richardson Foundation and Blue Ocean Enterprises established a dollar-for-dollar corporate fundraising challenge match of up to $500,000. Bohemian Foundation initiated and seeded the Fund with $250,000. Additional contributions have come from OtterBox, First National Bank, SupportEstesPark.com, Estes Valley Partners for Commerce, Woodward, and Kaiser Permanente. The vision of the fund is that it remains available to help small businesses should there be a future disaster that strikes the local area.
“Thanks to the generous support of our partners, the Small Business Recovery Fund came together as an innovative way for the Larimer County business community to help local small businesses keep their doors open and retain jobs after the floods,” said Gordan Thibedeau, President & CEO of United Way of Larimer County. “Local families are feeling the immediate impact of this support, and the positive ripple effect of these grants will continue to grow over time.”
A special event to award the third round of grants will be held at 3:00pm on Tuesday, May 27th at the Estes Park Museum, located at 200 Fourth Street.
“We're gratified by the success of the Small Business Recovery Fund and are pleased that we could make a difference for local businesses,” said Kurt Hoeven of Blue Ocean. “It's our hope that we can engage support from a broader community of local businesses if the need arises to support small business recovery for a future natural disaster in Larimer County.”
SBRF grants are recoverable, meaning that recipients are encouraged to repay their grants in-full or in-part within five years or when their businesses return to viability and have sufficient funds. Monies that are repaid to the SBRF are available to be redistributed to other eligible businesses impacted by the floods (or other future disasters).
ABOUT BLUE OCEAN ENTERPRISES
Headquartered in Fort Collins, Colo., Blue Ocean Enterprises was founded in 2011 by OtterBox Founder and Chairman Curt Richardson and his wife, Nancy, to provide business mentoring, accounting, legal, information technology, real estate, and human relations services to its affiliated companies.
Its affiliate, Blue Ocean Holdings, LLC, is an investment management company that commits capital to promising businesses and strategically invests in commercial real estate. Blue Ocean Holdings currently invests in many Fort Collins-area businesses that employ more than 1,000 people and owns more than 400,000 square feet of commercial property. For more information, click here.
ABOUT THE RICHARDSON FOUNDATION
The Richardson Foundation was established in 2013 by Curt and Nancy Richardson to make a significant community impact, inspire change, and improve lives through outreach programs that support youth and education.
ABOUT UNITED WAY OF LARIMER COUNTY
United Way of Larimer County is committed to reducing poverty and increasing prosperity so that all people in Larimer County have the opportunity for a better life. We bring together people and organizations from all across the community to drive lasting change in the areas of Education, Income, and Health - the building blocks for a good quality of life. Working together, we can do great things and change Larimer County for good. We invite you to join us. Click here for more information.
Copyright 2015 United Way of Larimer County