The Rural Economic Development Initiative Grant (REDI Grant) is designed to help rural communities comprehensively diversify their local economy and create a more resilient Colorado.
Donor Name: City of Gunnison
State: Colorado
City: Gunnison
Type of Grant: Grant
Deadline: 03/09/2022
Size of the Grant: $215,000
Details:
Funding Information
- A total of $215,000 in funding is available.
- Projects must be completed by June 30, 2023.
Eligibility Criteria
- Business must be located within the city limits of Gunnison, Colorado.
- Eligible uses of grant funds include acquisition or renovation of a building or property, physical space improvements, and equipment purchase to expand operations.
- Preference will be given to projects that result in job creation, especially for primary jobs.
- 20% cash match by the business is required.
- Funds cannot be used for payroll expenses, rent or lease payments, or to buy inventory.
Use of Grant Funds
- All projects must create jobs, either directly or indirectly.
- Eligible uses of grant funds include acquisition or renovation of a building or property, physical space improvements, and equipment purchases to expand operations. Rent or lease payments are NOT eligible expenses.
- Eligible projects must begin no sooner than the execution date of the grant awarded and be completed no later than June 30, 2023.
- Grant funds may not be used to for payroll.
- Grant funds may not be used to purchase inventory.
- After a grant has been awarded, any change in scope to a funded project must be submitted in writing for approval prior to incurring any expense.
For more information, visit City of Gunnison.
