Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $8,854.00million dollars annually in grants and other funding sources from local governments. These funds include $6,333.00million dollars of additional local government funding. Small businesses and large corporations are the backbone of Colorado’s economic growth. Colorado has 126,771 businesses. These numbers are broken down as follows:
Colorado Business Sector Breakdown by Size:
- 81,769 businesses in Colorado have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 18,915 businesses in Colorado have between 5 and 9 employees.
- 11,282 businesses in Colorado have between 10 and 19 employees.
- 9,316 businesses in Colorado have between 20 and 99 employees.
- 2,492 businesses in Colorado have between 100 and 499 employees.
- Over 2,997 businesses in Colorado have more than 500 employees.
Colorado Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector have 23,261 Colorado Businesses under its registry
- The Administrative, Support, Waste Management, and Remediation Services sector have 8,565 Colorado Businesses under its registry
- The Accommodation and Food Services sector have 12,230 Colorado Businesses under its registry
- Colorado has more than 12,860 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. The state of Colorado has more than 37,000 farms.
Small Businesses in Colorado
It is difficult to start and manage a small business in Colorado. Colorado spends more than $87,461,719,000.00 US dollars on employee salaries/payroll. Every year, more than 31855 companies declare bankruptcy. The federal government doesn’t provide grants to entrepreneurs for expanding or starting a business. However, small business grants can be granted in Colorado to help business owners start and grow their ventures. Grant recipients don’t have to repay the grant funding. It is worth looking into small business grants to help fund your business.
Contact Colorado to apply for grants for businesses Colorado financial aid agencies .
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: