New PPP Guidelines | Rural Jump-Start Business Incentives

Mancos Business e-News | January 12, 2021

Mancos Adds Jump-Start Program to Help Attract Businesses and Jobs

Approved businesses can receive incentive payments and tax relief including credits, exemptions, and refunds from state income tax, state sales and use tax, and county and municipal personal property taxes. Employees of new businesses receive a tax credit for 100% of state income taxes on their wages for work in the rural jump-start zone.

Highlights

Consider Joining Startup Colorado

Consider joining Startup Colorado. Their free, peer-to-peer network of entrepreneurs, small business owners, funders, and business support agents is built by rural, for rural. Startup Colorado is more than a mission -- it’s a movement to support your right to start and it belongs to everyone.

HomesFund Is Here To Help You Find Your Path To Homeownership

HomesFund, a nonprofit organization based in southwest Colorado, has the tools and resources to help you become a homeowner -- whether you are a first-time homebuyer or have already owned a home.

More info

News Roundup

Southwest Colorado Economic Outlook: COVID-19 Recovery Will Take Years

"The country and Colorado, Quinlan said, are still in for several difficult months, but with three vaccines approved with 90% efficacy, warm weather on the horizon and likely more stimulus coming from the federal government, the Wells Fargo economist expected an economic rebound to take root during the second quarter of 2021."

New Guidance Issued on Next Round of PPP Loans: An Overview for Small Businesses

The main takeaway is that any business that did not receive a PPP loan previously, or those businesses that experienced a 25% reduction in revenue in one quarter of 2020 over 2019, can apply for this new round of PPP.