Basalt has awarded $60,000 in grants to companies to assist them climate a winter full of uncertainty due to the COVID pandemic.
The city authorities not too long ago offered 37 grants, averaging about $1,690.
“The $1,690 was given to all grantors who requested $1,700 or extra,” stated city Finance Director Christy Chicoine. “There have been a couple of who requested much less and people had been absolutely funded.”
The funds got here by the Coronavirus Assist, Reduction, and Financial Safety Act. Funds had been awarded to Pitkin and Eagle counties for distribution amongst municipalities inside their jurisdictions. Basalt received $222,467 from Eagle County and $59,914 from Pitkin County.
One of many multiple ways Basalt used the funds was by a COVID-19 Small Enterprise Mini-Grant program. It was open to any Basalt for-profit enterprise with an lively enterprise license that would present that they had bills associated to the virus.
“Some companies proposed utilizing the funds for tents, patio heaters and to enhance social distancing inside their institution,” Chicoine stated. “Others used it for private protecting tools, rental help and common enterprise bills. All 37 companies who obtained the funding confirmed a necessity for the funds primarily based upon closures and different enterprise impacts from COVID-19.”
No functions had been rejected as a result of all companies met the factors. Some nonprofit organizations utilized however had been steered to a different city program.
Basalt’s economic system far exceeded expectations through the summer time. When the state authorities issued a stay-at-home order in March, many enterprise house owners and operators feared the worst for the summer time. However as restrictions eased, enterprise boomed.
The city’s October gross sales tax report stated that year-to-date gross sales tax collections had been up 15.3% over the identical interval in 2019. The city collected $5.54 million in gross sales tax income at that time in contrast with $4.81 million final yr.
The November gross sales tax report is predicted this week. Due to the lag in paying gross sales tax, the November report will mirror precise gross sales in September.
Regardless of the sturdy summer time, enterprise operators are cautious about winter. COVID-19 instances are rising all through the area, as they’re by most areas of the nation. The Colorado Division of Public Well being and Setting has warned Eagle County that stricter guidelines on gatherings will likely be mandated if the county’s incidence fee of COVID instances stays excessive. That would imply eating places and retail outlets must cut back the variety of patrons inside at one time to 25% of capability.