The Town of Breckenridge has committed to spending more than a million dollars to help residents pay their rent. Both business owners and people who work in the town can apply for money to help pay their rent while businesses are closed.
Town officials say they are providing a ‘stopgap’ to help people who may be struggling while they wait for state and federal money to come in, reports 9News.
“We know there are loans coming through state assistance federal assistance,” said Haley Littleton, the Breckenridge communication coordinator. “But as we know that will take time, we have businesses saying they need help now.”
Right now would normally be one of the busiest times of the year, with ski season still in full swing and spring breakers flocking to the area, but all the ski areas in Colorado were shut down mid-March to prevent the spread of the coronavirus. Not only that, but unessential businesses were also mandated to close, so they couldn’t even serve locals.
The town council approved $1 million for the Small Business Relief Program to provide a little immediate rent support for small businesses. Small businesses that employ fewer than 16-people and are open all-year-round are eligible.
The town of Breckenridge is also helping people who work in the town. $500,000 is going to the Family Intercultural Resource Center in Summit County and will be allocated to people who aren’t working as a result of coronavirus and may be struggling with their rent payments.