Funding for Rural Businesses
Affordable Pathways to Employee Buyouts
Technical Assistance Funding for Rural Colorado Businesses
Discover how businesses in rural Colorado can access funding and resources to transition to employee ownership. With sliding-scale pricing, state-sponsored discounts of up to 100%, and tax credits covering 50% of costs, this initiative makes employee buyouts more accessible than ever. Learn about feasibility studies, legal and accounting support, and step-by-step assistance to ensure a smooth transition. Whether selling a portion or the entirety of your business, this program provides tailored support to secure a sustainable future for your employees and community.
This funding is limited; be sure to get in touch soon to secure it!
Eligibility
RMEOC's funding assistance is available to businesses operating in rural Colorado counties, as designated by the Colorado Economic Development Commission. Businesses operating in the following counties are eligible:
Alamosa County
Archuleta County
Baca County
Bent County
Chaffee County
Cheyenne County
Clear Creek County
Conejos County
Costilla County
Crowley County
Custer County
Delta County
Dolores County
Eagle County
Elbert County
Fremont County
Garfield County
Gilpin County
Grand County
Gunnison County
Hinsdale County
Huerfano County
Jackson County
Kiowa County
Kit Carson County
La Plata County
Lake County
Las Animas County
Lincoln County
Logan County
Mesa County
Mineral County
Moffat County
Montezuma County
Montrose County
Morgan County
Otero County
Ouray County
Park County
Phillips County
Pitkin County
Prowers County
Pueblo County
Rio Blanco County
Rio Grande County
Routt County
Saguache County
San Juan County
San Miguel County
Sedgwick County
Summit County
Teller County
Washington County
Yuma County
Our process
How it works
RMEOC offers comprehensive technical services to facilitate seamless transitions to employee ownership. We begin with a complimentary consultation to assess the suitability of employee ownership for your business and to identify the most appropriate model aligned with your company's vision. Our support encompasses the entire conversion process.
To eliminate barriers to our services, we implement a sliding-scale fee structure based on your business's revenue. Additionally, OEDIT provides funding for rural businesses, covering 50% or more of our service costs, applied as an immediate discount. Furthermore, expenses incurred for RMEOC's services may qualify for a state-level tax credit program. For detailed pricing information, please contact us.
RMEOC’s conversion services covered by the OEDIT funding include:
We conduct a comprehensive feasibility study to evaluate both the financial and cultural viability of transitioning your company to the selected employee ownership model. This phase also includes an overview of funding options to support the sale and/or transition.
We provide educational programs for your employees on employee ownership principles and offer assistance in structuring and completing the conversion process.
Apply now
Get Funded Today!
Fill out this short application and email Marion at [email protected] to confirm that we received your application. For any questions, please email us and we’ll be happy to set up a call.
Not sure if employee ownership is right for you?
If you are interested in learning more, please join our monthly webinar on employee ownership.
FAQ
How long does it take to get the funding?
The funding is applied as a discount to our services. You won’t have to wait for a refund from OEDIT or fill out a long grant application. Just be one of the first to sign a contract with us and we will manage the rest.
My business is in a rural area but in an ineligible county. Can I still apply?
Unfortunately, the regions eligible for this funding are determined and administered by OEDIT. We cannot provide funding to any business operating in ineligible counties. However, we would still love to work with you, and the state’s 50% tax credit still applies! Get in touch with us and we will find an affordable way to help.
Businesses in urban areas may also be eligible for similar funding through another service provider. Get in touch with Marion at [email protected] for more information.
I worry that many people have already applied and my company will not be selected.
We are constantly working to access new funding or renew our existing sources. We are confident that we can find a way to help you that is within your means. So send us an email, or apply anyway! We have designed this application to be very short, and to include the same questions we ask all companies we work with. That information will be put to good use, even if your funding does not come through.
I am not a business owner, but I would like my employer to consider employee ownership. What can I do?
Get in touch with us! We will help you start the conversation with your employer. It is passionate people like you that make the change no one thought was possible. It all starts with a little curiosity.
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