13 Mar Town of Telluride: Business Stabilization Assistance Program Awards!
Telluride Business Stabilization Assistance Program awards approximately $290k.
Forty-six businesses awarded stabilization grants as part of Town economic recovery effort.
Town Council will discuss the program and address the remaining funds originally allocated from Town of Telluride Reserves for this program at the next regular meeting on Tuesday, March 17. For more information and to review the agenda, please visit bit.ly/totcouncil.
Additional information about the Town’s economic recovery initiatives is available at bit.ly/totbusinessrelief.
Go here for more about the Town of Telluride.
The Town of Telluride has completed the initial round of its Business Stabilization Assistance Grant Program, awarding approximately $290,876 in total funding to 46 locally owned businesses impacted by the Telluride Ski Resort closure during the 2025/2026 holiday season.
The program received 48 applications from local businesses seeking assistance. Following an objective review process in partnership with Region 10, 46 businesses qualified for grant awards, with individual grants ranging from $645 to $10,000, depending on demonstrated impact and fixed operating costs.
Approved by Town Council in January as part of a broader economic recovery effort, the one-time program was designed to provide targeted stabilization support for locally owned businesses facing revenue disruptions during the resort closure and shortly thereafter.
Grants were awarded across a wide range of locally owned businesses that contribute to the daily life and economic vitality of the Telluride community. Award recipients included restaurants, bars, retail and rental shops, art galleries, a yoga studio, cleaning service providers, and transportation businesses.
The program focused specifically on helping businesses cover fixed operating costs, including rent or mortgage payments, utilities, insurance, and other required fees. Funding was intentionally structured as partial stabilization support, rather than full replacement of lost revenue.
Of the 48 applications submitted, two businesses did not qualify for grant awards. One applicant reported no fixed operating costs, which meant there was no eligible expense on which to base a grant award under the program guidelines. The second applicant was determined to be ineligible due to its nonprofit business license status, as the program was designed to support private, locally owned businesses.
Town officials emphasized that the program was intentionally conservative and targeted to ensure fairness while responsibly managing public funds.
“The goal was to provide support where it could have the greatest stabilizing impact,” said Mayor Pro Tem Elena Levin. “While we know many businesses were affected by the disruption, this program focused on measurable financial impacts and fixed-cost vulnerability.”
The Business Stabilization Assistance Program was one component of a broader economic response approved by Town Council on January 20, which also included funding for destination marketing, air service support, community hardship assistance through the Good Neighbor Fund, and temporary utility rate relief.
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