Jun 30, 2025, 4:13 PM
Jun 30, 2025, 4:13 PM

Denver businesses struggle as microgrants offer limited relief from construction impacts

Highlights
  • In early 2025, the city of Denver initiated a grant program offering financial support to impacted businesses, requiring proof of a 20% loss in revenue.
  • Many business owners criticized the city's approach, feeling they were being challenged rather than supported.
  • A new microgrant program was introduced to provide smaller amounts of funding, but some business owners fear it may be insufficient to alleviate their financial struggles.
Story

In Denver, Colorado, the impact of Bus Rapid Transit (BRT) construction on Colfax Avenue has led to significant challenges for local businesses. The recent construction activities have been compared to the disruptions caused by the COVID-19 pandemic. In response to these challenges, the city of Denver launched a grant program earlier in 2025, which offered up to $15,000 to businesses that could demonstrate a 20% loss in revenue due to the construction. However, many business owners voiced their frustrations, claiming that the city was more focused on disproving their claims rather than providing the necessary support. In light of the limitations of the city’s grant program, Denon Moore, the business support director for the Colfax Avenue Business Improvement District, introduced a microgrant initiative funded entirely by private sources. This program allows businesses to access funding ranging from $500 to $1,500, with a lower threshold for eligibility requiring proof of only a 10% revenue loss directly related to the construction impacts. Moore expressed belief that even a small loss could be evident for many businesses struggling to cope with current disruptions. The microgrants are designed to be versatile, serving both as a means to stimulate sales through promotional projects and as a potential relief for unexpected expenses that small business owners face amid the construction difficulties. Despite these efforts, some business owners, such as McDonald, expressed concerns that the financial assistance might come too late to prevent more business closures. The enduring effects of construction have already led to announcements of impending shutdowns, highlighting the considerable toll on the local economy. As the Colfax Avenue Business Improvement District continues to work with local business owners, the sentiment remains that while microgrants are a positive step, they are insufficient to address the depth of the ongoing hardships. McDonald, reflecting on the situation, noted a lack of foresight and planning on the part of the city about the impact these construction projects could have on the vibrant business community that contributes to the cultural fabric of Colfax Avenue. With many business owners struggling to survive during the BRT construction era, the future of Colfax's businesses remains uncertain, necessitating ongoing efforts to protect and preserve the area's economy.

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