11 Feb Town of Telluride: Business Stabilization Assistance Program!
On January 20 during a special meeting, Town Council approved a series of funding allocations and financial adjustments to support economic recovery following the Telluride Ski Resort closure during the 2025–2026 winter season. The actions focus on stabilizing local businesses, supporting workers and residents, and protecting the long-term financial health of the Town.
Eligibility criteria and application details are available on the Town of Telluride website at bit.ly/totbusinessrelief.
Updates and program details will be posted at telluride.gov as they become available.
Go here for more about the Town of Telluride.
“Our local economy is deeply connected,” said Mayor Teddy Errico. “When a disruption impacts one part of the community, it affects many others. Council’s direction is to provide targeted, responsible support where it can make a meaningful difference for businesses and residents navigating this season.”
As part of that direction, Council approved the use of General Fund reserves to support several recovery measures. Council approved the following allocations:
• $262,500 to the Telluride Tourism Board to strengthen destination marketing efforts for the remainder of the winter season and help drive visitation to local businesses
• $100,000 to the Colorado Flights Alliance to support flight guarantees and preserve regional air service
• $100,000 to the Good Neighbor Fund, administered through the Telluride Foundation, to support individuals and families facing hardship, with no residency restrictions
• $400,000 for targeted business relief grants to support locally owned businesses experiencing demonstrated impacts
The program is structured as one-time assistance effort to help businesses manage fixed operating costs such as rent, utilities, insurance, and required fees. It is not intended to replace lost revenue or fully offset losses, and funding is limited.
Awards will be based on measurable impacts, including revenue decline and fixed cost burden, and not all applicants will receive funding.
To ease near-term financial pressure for residents and businesses, Council also adjusted the planned water and wastewater rate increase from 5% to 2.5% for January through March 2026.
Council further directed that the Affordable Housing Fund be used to cover approved rent relief applications through the Good Neighbor Fund for residents in Town-owned properties for applications received through May 1, 2026.
“These efforts are about near-term stability and long-term resilience,” said Town Manager Zoe Dohnal. “Council and Town staff are working together to support the community today while ensuring the Town remains financially strong and prepared for the future.”
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