As the COVID-19 situation has been rapidly evolving, we have already witnessed the incredible generosity and creativity of the people of Denver. Local businesses are the backbone of RMAE and now more than ever we are committed to serving as a facilitator of resources between those who want to help, and those who need it.
In response, RAME has developed the Small Business Relief Fund to support businesses in Denver hard hit by the Coronavirus pandemic. Funding will allow RMAE to provide financial grant assistance to business owners who are facing significant challenges, but do not qualify for local, state or federal relief.
The Relief Fund will provide direct grants to small business owners in Denver, Colorado. Small businesses are in need of immediate liquidity to make key changes to operations and weather this storm. 100% of donated funds will go to small businesses and all contributions are tax-deductible.
Your support will strengthen the most vulnerable small businesses during this difficult time.
RMAE will pair these grants with other resources – such as consulting guidance to manage the effects of the pandemic as well as financial resources that may include flexible working capital loans from the Entrepreneur Fund and other local, state, and federal resources that become available. _________________________________________________________________________________
We are not yet distributing funds through the Small Business Relief Fund, but rather are looking for philanthropic support from individuals, businesses, foundations and government entities who have the resources and desire to assist.
Grants for up to $5,000 will be made on a weekly basis. A review committee will make selections based on the following priorities:
Businesses that are not eligible for other sources of local, state, or federal relief such as the SBA Disaster Assistance loans.
Businesses that serve as a core community staple such as child care, rural/community grocery stores, restaurants, etc.
RMAE determination that the available loans and/or grants will make a discernible impact on the sustainability of the business.
Businesses where timing is of the essence.
More information on the application process will be sent out by Monday, March 23, 2020. Sign up here for updates.
RMAE will pair these grants with other resources – such as consulting guidance to manage the effects of the pandemic as well as financial resources that may include flexible working capital loans from the Entrepreneur Fund and other local, state, and federal resources that become available.
Donation Options and Details
As a donor, you can make a tax-deductible contribution to the Fund, and if you wish, you may designate it to a specific county**, though we do ask you to consider supporting with an unrestricted gift so we can remain flexible in responding to our region’s needs. Either way, your help is critical.
The RMAE is a 501c3 organization and can accept gifts of cash/check, appreciated stock, IRA charitable rollovers, and real estate.
You can give online or contact Development Director Lincon Alexander at firstname.lastname@example.org to discuss your giving options.
*Our service area includes Denver Metro area
**If you would like your donation designated for one county, please send an email to email@example.com with the county or counties of choice.