NewsCovering Colorado


Colorado Springs Utilities to contribute to local business recovery fund

Colorado Springs Utility
Posted at 9:05 PM, Apr 16, 2020
and last updated 2020-04-20 11:50:35-04

COLORADO SPRINGS — Relief for Colorado Springs small businesses impacted by the COVID-19 outbreak is earning another infusion of financial support, with Colorado Springs Utilities contributing $92,500 to the Survive & Thrive COS recovery fund.

“As a community-owned utility, we are a strong contributor to the growth, vitality and quality of life in the Pikes Peak region,” said Colorado Springs Utilities Board Chair Jill Gaebler. “By supporting this program, we are directly helping retain small businesses and create jobs, benefitting us all.”

Non-profit Exponential Impact is leading the Survive & Thrive COS effort to provide recovery funding up to $25,000, mentoring and resources to increase the sustainability and future growth of small businesses in the Pikes Peak region. Recipients receive funding within days of their application’s approval, with all awards made over a three-month period.

“Colorado Springs Utilities’ generous contribution significantly bolsters the aid we can provide local small businesses. Our Survive & Thrive COS recipients and the program team thank them for this remarkable support,” said Natasha Main, executive director for Exponential Impact.

Main added, “Because of the ongoing and intense demand, new or additional investments are needed and welcomed. We already see the program making a difference and know this work will continue to support resiliency, build community and develop healthy businesses.”