XI Survive & Thrive
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
foundation
Overview
XI Survive & Thrive
Organization: Exponential Impact (XI)
Geographic Scope: Colorado Springs and El Paso County, Colorado
Program Type: Business recovery and growth support program
- Emerged in March 2020 as rapid response to COVID-19 pandemic
- Evolved to address ongoing needs of small business community
- Continues to support businesses struggling with economic challenges
Program Origin & Evolution
- Support for businesses affected by economic hardship
- Emphasis on underrepresented founders disproportionately affected by pandemic
- Early responder model for businesses facing immediate needs
Program Focus
- Community: Connection and networking
- Capacity Building: Business development and training
- Access to Capital: Funding and financial support
Core Components
- Eight-week programming and curriculum
- Expert business sessions
- Mentor workshops
- Financial foundation development
- Business planning and strategy
- Visibility and storytelling support
Support Services
- Survive and Thrive: Propel COS (2022): $1.2 million awarded to 53 local businesses - Grants up to $50,000 - Average grant size: $22,650 - Funded through City of Colorado Springs American Rescue Plan Act (ARPA) allocation - Received over 250 applications - Recipients located throughout Colorado Springs (19 zip codes) - Industries served: hospitality, retail, personal service, manufacturing
Funding History
- Club Q Tragedy Relief Fund (2022): $40,750 fund - Partnership with Colorado Springs Chamber & EDC and Colorado Office of Economic Development & International Trade - For businesses affected by November 19, 2022 Club Q shooting - Grants awarded in $5,000 increments - Independent volunteer business leaders review applications
- U.S. Economic Development Administration Grant (2023): $400,000 Economic Adjustment Assistance grant - Matched by $74,650 in local investment - Supports program advancement for economic recovery - Previous iterations achieved: $2.3 million in loans resulting in $156 million ROI and 220 jobs supported
Contact & More Information
Website: exponentialimpact.com/SurviveAndThriveMission: Support small business recovery and resilience while building equitable outcomes for underrepresented entrepreneurs
How to Apply
Application Process
1. Overview: Multi-phase review process
2. Assistance Available: In-person application assistance sessions offered
3. Submission: Applications submitted through program website
4. Review: Applications reviewed by independent volunteer business leaders
5. Selection Criteria: Demonstrated need, business viability, alignment with program goals
- Scheduled application assistance sessions available
- Guidance on strengthening applications
- Questions and concerns addressed
- Located at Exponential Impact HQ or online
In-Person Application Support
Note: Specific required forms, narrative questions, and detailed application materials not provided in source materials
Focus Areas & Funding Uses
Fields of Work
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