Old Town Revitalization Grant Program

In 2020, The Town of Erie’s Urban Renewal Authority (TOEURA) adopted an incentive policy with the goal of reducing blight, promoting private investment, and activating underutilized properties within the boundaries of Old Town. Check if your business falls within the URA area by typing the address into the My Services Map.

Available grants fall into two categories below. Click the grant name below to expand or collapse the topic.

Grant applications are now open until March 31!

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  • The applicant must be the property or business owner within the Old Town URA. If the business owner leases the property, the property owner must approve the improvements. 
  • Funds are disbursed in the form of a 2:1 reimbursement not to exceed $15,000. The property or business owner, therefore, must spend $30,000 in order to receive a $15,000 reimbursement from the URA.
  • The property’s primary use must be commercial; residential buildings are not eligible for the Historic Building Improvements Grant. 
  • Funds will be used for the rehabilitation and renovation of existing building facades visible from either the public right-of-way or a publicly owned property.
  • All improvements must comply with all applicable codes, rules, and regulations. 
  • Applicants must have attended a pre-application meeting with the Town of Erie Planning Division, if their proposed project requires it, prior to submitting their application. 
  • All proposed improvements must be eligible for reimbursement. Please find a list of eligible and non-eligible expenses, along with the scoring criteria here.
  • All businesses must be in possession of a signed reimbursement agreement prior to the start of any construction. No work that takes place before the agreement is signed can be reimbursed.

How to Apply

New in 2024: Grant cycles take place annually in the first quarter of the year. There will only be one round of grants per year.

All grant applications are reviewed by the Grant Selection Committee, a group made up of representatives of Erie’s Economic Development Partner Organizations. The selection process can take up to three weeks after the close of grant applications.

Successful applicants will need to sign a Grant Reimbursement Agreement before any eligible improvements are undertaken.

Other potential funding options are listed below for businesses in the Town of Erie:

  1. URA Tax Increment Financing
  2. Enhanced Sales Tax

Tax increment financing ("TIF") funds received by the Town of Erie Urban Renewal Authority ("TOEURA") to promote the goals of TOEURA in reducing blight within the urban renewal areas in the Town of Erie. TOEURA recognizes the importance and value in leveraging TIF funds and providing public financing for the purpose of commercial improvements, residential improvements, historic building improvements, off-site and utility improvements, and business siting and expansion.

  • Applications will be reviewed and approved on a case-by-case scenario
  • The business must be located in the URA zone
  • The project should contribute to public improvement
  • A gap in financing must be demonstrated for commercial development requiring capital investment

County Incentives

Upstate Colorado Economic Development works with Weld County in offering personal property tax incentives as well as various funding programs for businesses relocating or expanding within the Town of Erie. For details please visit Upstate Colorado Economic Development.

State Incentives

The State of Colorado has programs for training and quality job creation. When you relocate a business to the Town of Erie you may benefit from a variety of state grants and programs. For more information on state incentives for those who relocate a business to the Town of Erie please visit the Office of Economic Development and International Trade.

Small Businesses Assistance

Colorado Lending Source aims to foster the economic growth of diverse small businesses within our communities by offering a variety of low-interest loans and financial assistance programs.