With most downtown retail businesses closed due to the state’s stay at home order and restaurants only able to offer takeout and delivery, Golden’s Downtown Development Authority is launching a …
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With most downtown retail businesses closed due to the state’s stay at home order and restaurants only able to offer takeout and delivery, Golden’s Downtown Development Authority is launching a program that will give downtown business owners rent relief.
The new rent/mortgage relief program will allow business within the boundaries of the DDA whose business has been negatively affected by the COVID-19 crisis to apply to receive a one-time payment of either $2,000 or 50% of their rent payment (whichever is lesser) to help cover the costs of their April rent.
According to the assistance application, which can be found at guidinggolden.com/helpinggolden, businesses eligible to receive assistance include restaurants, retail establishments and other sales tax paying businesses as well as businesses that provide personal services and have been required to shut down as the result of the state stay-at-home order. An estimated 110 businesses are eligible to receive the assistance. However, any businesses that have not been impacted by COVID-19 are asked not to reply.
Businesses have until April 30 to apply for assistance. Payments will be made directly to the landlord or lender with businesses that have already paid their April rent being reimbursed directly. Businesses must submit a current lease, rental coupon or mortgage receipt along with their application.
According to the city website, the DDA is funded through incremental sales and property taxes generated in the district as well as a five mill downtown property tax.
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