The Town of Vail is pleased to announce a new business relief program, the Grant Award Program (GAP) which will provide direct aid to Vail businesses experiencing hardship due to the public health crisis. Developed by representatives of the Vail Economic Advisory Council with assistance from town staff, the grant program was authorized by the Vail Town Council on Feb. 2 in the amount of $500,000 and will offer Vail businesses grants ranging from $5,000 to $15,000.
The program was designed to be complementary and additive to the recent Eagle County Bridge Grant program. A scoring matrix will tally points-based answers to questions on the financial health of the business along with operational impacts of the pandemic to support determination of the funds awarded. The online application will require both quantitative and qualitative business information as well as a narrative explanation about the financial impacts of the health crisis on the business.
Who is eligible for this program?
What is the time frame for applications?
Online applications will be accepted Feb. 15 through March 31. The Town of Vail will provide grants directly to the business. Applications will be reviewed on a weekly basis, with approved payments following approval.
How to apply?
The Grant Award Program (GAP) will be available on the Town of Vail grants webpage beginning Feb. 15 at https://www.vailgov.com/departments/finance/grant-process.
All applications will be subject to audit by the Town of Vail Finance Department. For more information regarding the Grant Award Program for Vail businesses, contact Mia Vlaar, economic development director at email@example.com.