December sales tax reports from Breckenridge, Frisco, Dillon and Silverthorne provide insights into business trends in each town for both the month of December, which is typically a busy time of year for Summit County, as well as 2020 as a whole.
Despite COVID-19 restrictions that were tough on businesses, Dillon, Silverthorne and Frisco reported slightly higher total sales tax revenue in 2020 compared to 2019, while Breckenridge saw a decline. However, in December, only Silverthorne and Frisco reported an increase in year-over-year sales tax revenue.
In Dillon, sales tax revenue was down about 1% in December 2020 compared to December 2019. However, the town finished the year slightly up in sales tax revenue with an increase of about 0.2% compared to 2019, thanks to a profitable summer and early fall.
The town of Silverthorne is distributing one-time payments to eligible small businesses through funds received from Summit County via the Colorado Department of Local Affairs Small Business Relief Program. Businesses can apply for the program through Sunday, Feb. 7.
Relief payments are available for locally owned small businesses that have been impacted by COVID-19 restrictions. Eligible businesses include restaurants, bars, breweries, wineries, distilleries, fitness clubs, caterers and movie theaters. Eligible businesses must be currently operating and have reduced revenue of at least 20% due to capacity restrictions.
Grants as much as $7,000 are based on 2019 revenue, but award amounts will depend on the number of qualified businesses. All businesses that qualify will receive a grant. Grant decisions will be made during the week of Monday, Feb. 8, and grants will be issued by Feb. 12.