The Colorado Community Revitalization Grant provides gap funding for projects in creative districts, historic districts, main streets or neighborhood commercial centers. This grant will support creative projects that combine creative industry workforce housing, commercial spaces, performance space, community gathering spaces, child care centers, and retail partnerships for the purpose of economic recovery and diversification by supporting creative sector entrepreneurs, artisans, and community non-profit organizations.
For grant requests over $100,000, the awarded funding amount will not exceed more than 50% of the total costs of the project. Grants will be capped at a maximum of $5 million per project in order to distribute the funds broadly. Projects that are specifically designed for artist live/workspace may be eligible for grants higher than $5 million, not to exceed more than 50% of the total project cost.
Funding amounts will be based on these factors:
- total project cost
- other sources of secured permanent funding
- gap amount needed for the project
This funding initiative was enacted in Senate Bill 21-252. Colorado Creative Industries and the Colorado Department of Local Affairs are managing this grant program.