July COVID-19 Updates

07.27.2020

Grant Funds for Small Business Recovery Remain Available 
Applications for Economic Recovery Grants for Vermont small businesses are still being accepted and funds remain available. If you are a business with at least one non-owner W-2 employee that suffered a 50% or greater loss in any one month period, and you meet other eligibility criteria, you should apply. 

Application Deadlines Looming for Some Programs
Businesses that are Sole Proprietors have until midnight tonight to file a Pre-Application to the Sole Proprietor Grant Program and if your pre-application has already been accepted, you have until July 30 to file a full application. 

The deadline to file an application to the Payroll Protection Program is August 8, 2020.

Agricultural Programs Open Grant Application Portal
Several programs to assist agriculture, forestry, and other working lands entities have launched. Click here for more information.

Governor Announces Mandatory Facemask Requirements
On July 24, Governor Phil Scott announced mandatory masks in indoor and outdoor public settings where 6 feet of space between people is not possible, effective August 1, 2020 and with limited exceptions. This requirement will apply to everyone over the age of 2 years, except when eating, drinking, exercising or participating in strenuous activity. Additionally, those with medical reasons not to wear a mask will also be exempt; no written documentation will be required in order to preserve the medical privacy of individuals.   

07.16.2020

ACEDC Offers Business COVID-19 Resource Matrix and Assistance
With the many grant and loan programs coming online offering businesses COVID-19 recovery assistance and with the myriad of eligibility requirements, which program is right for your business? We've developed this program matrix to help businesses understand the programs available. Click here to view. Scan the first column to find the best description of your business, review the eligibility requirements, then use the hyperlink to access the program information and application. If you need assistance understanding which program is right for your business, contact us right away. Many of these programs are first-come, first served or have an application deadline. Contact Fred Kenney at fkenney@addisoncountyedc.org or (802)777-8349. Another resource is Addison County's Vermont Small Business Development Center advisor, Sarah Kearns: skearns@vtsbdc.org; (802)771-5820.

Grant Program for Sole Proprietorships Announced
Most of the grant programs available following the passage of Act 119 (S.350) and Act 137 (H.966) require that the applicant business have at least one non-owner employee. A new program has been launched for those businesses that do not have any W-2 employees, such as Sole Proprietorships, S-Corps, LLC, and Partnerships. The program has limited funding and the grants, which will range from $5,000 to $10,000 will be selected by lottery. If your business has been impacted by COVID-19, has an unmet financial need that can be documented, and has no W-2 employees, you should apply here.

Dairy and Agricultural Grant Webinars
The grants for dairy producers, dairy processors and related businesses will be starting soon. The Vermont Agency of Agriculture is offering some webinars for potential applicants: 

Webinars on Dairy Assistance Application for Dairy Producers and Dairy Processors
Tuesday July 21 12:30-1:30pm
Join by Microsoft Teams
Join by phone: 1-802-552-8456; conference ID: 506 785 037# 

Wednesday July 22 12:30-1:30pm
Join by Microsoft Teams
Join by phone: 1-802-552-8456; conference ID: 634 386 876#

Thursday July 23 3:30-4:30pm
Join by Microsoft Teams
Join by phone: 1-802-552-8456; conference ID: 335 875 432#
Webinar on Dairy Assistance Application for Dairy Industry Organizations 

Tuesday July 21 3:30-4:30pm
Join by Microsoft Teams
Join by phone: 1-802-552-8456; conference ID: 694 087 79#

Assistance for Rent and Mortgage Payments Available

On July 10 Governor Phil Scott, the Department of Housing and Community Development (DHCD), the Vermont State Housing Authority (VSHA), and the Vermont Housing Finance Agency (VHFA) announced availability of  $30 million in housing assistance to those affected by COVID-19, made available by the legislature in Act 137 (H.966).  The programs utilize federal CARES Act funding to provide relief for those tenants unable to pay rent, landlords suffering from a loss of rent payments, and those lower-income homeowners needing assistance in paying their mortgage.  

Business PPE Utilization Survey closes Friday July 17
Vermont's Regional Development Corporations, Associated Industries of Vermont, the Lake Champlain Chamber, the Vermont Chamber of Commerce, the Vermont Retail & Grocers Association, the Vermont Vehicle & Automotive Distributors Association, and other business organizations are working together to survey Vermont's employers to help identify employer masks/face coverings and other personal protective equipment (PPE) needs in the state. The purpose of this survey is to help quantify use, demand (current and future), and supply of masks/face coverings to help inform ongoing efforts to assist Vermont employers in securing the masks/face coverings and other PPE they want and need. We appreciate you taking the time to complete this survey: https://www.surveymonkey.com/r/VERMONTFACECOVERINGSURVEY  

PPP and EIDL Updates and Webinars

The application period for the SBA Payroll Protection Program has been extended to August 8, 2020. The program has about $130 billion in funds remaining. EIDL applications are still being accepted, but the SBA is no longer providing the $1,000/employee advance payment. 

PPP Forgiveness Daily Webinar
The SBA Vermont District Office hosts a free daily webinar from 9 to 10 a.m. Monday to Friday to discuss Paycheck Protection Program forgiveness and other changes.
To join the webinar, visit https://meet.lync.com/sba123/sbmazza/SFFM2N9R.
To join by phone, call (202) 765-1264 and when prompted enter the code 237511921#. Upon joining the call, mute the phone to cut down on the background noise and please do not place the call on hold as the hold music will be heard over the presenter.

For more information, email susan.mazza@sba.gov

PPP & EIDL Webinar Tuesdays & Thursdays
The SBA Vermont District Office hosts a free webinar from 9 to 10 a.m. Tuesdays and Thursdays to discuss the Paycheck Protection Program, the Economic Injury Disaster Loan and Advance, and any pertinent updates.
To join the webinar, visit https://meet.lync.com/sba123/sbmazza/6F6N4YK6.
To join by phone, call (202) 765-1264 and when prompted enter the code 470177937#. Upon joining the call, mute the phone to cut down on the background noise, and please do not place the call on hold as the hold music will be heard over the presenter.

For more information, email chris.herriman@sba.gov.

Complete Your Census Form
If you haven't already completed the form, please do so at 2020census.gov or call 844-330-2020. Make sure Vermont Counts! 

 

07.08.2020

Additional Economic Recovery Grants Overview Webinar Scheduled
ACCD and the Department of Taxes will host another in a series of webinars to discuss the Economic Recovery Grants that are available to Vermont businesses. Join them on Thursday, July 9th at 3:00 pm for more information about eligibility requirements, grant award calculation information, grant application processes, and what documents businesses will want to have prepared and on-hand when applying.

Payroll Protection Program (PPP) Extended
On July 3, the President signed a new bill to extend the PPP application period to August 8, 2020. The program has about $130 billion in funds remaining. For information on the PPP, go to our COVID Resource page.  

Personal Protection Equipment (PPE) Survey
Vermont's Regional Development Corporations, Associated Industries of Vermont, the Lake Champlain Chamber, the Vermont Chamber of Commerce, the Vermont Retail & Grocers Association, the Vermont Vehicle & Automotive Distributors Association, and other business organizations are working together to survey Vermont's employers to help identify employer masks/face coverings and other personal protective equipment (PPE) needs in the state. The purpose of this survey is to help quantify use, demand (current and future), and supply of masks/face coverings to help inform ongoing efforts to assist Vermont employers in securing the masks/face coverings and other PPE they want and need. We appreciate you taking the time to complete this survey: https://www.surveymonkey.com/r/VERMONTFACECOVERINGSURVEY

Vermont Grants for Women-owned and Minority-Owned businesses
The Vermont Commission on Women is assisting with outreach efforts to Vermont’s small minority and women-owned businesses to let them know about new grant money available through the State of Vermont's Economic recovery Grant program. These grants are for 51% women-owned and minority-owned businesses with zero - five employees. That includes people who are self-employed. Grant applications will be processed on a first-come, first-served basis, and applications opened July 6.  Businesses should apply using the Vermont Agency of Commerce and Community Development (ACCD)'s Recovery Grant Resource Center at accd.vermont.gov/covid-19/economicrecovery-Grants. Technical assistance is available from the Partnership for Fairness and Diversity and the Center for Women and Enterprise, and more information is also available from our website and newsletter.

Porter Medical Center Virtual Town Hall "Open Safely"
On Wednesday, July 15th, at 5:30 PM, Porter Medical invites community leaders to join them for a ZOOM Webinar and Telephone Town Hall to discuss how UVMHN Porter Medical Center is reopening its services and keeping patients and staff safe during the COVID-19 pandemic. As we enter this new phase, Porter Medical Center Interim President Tom Thompson will host this town hall and moderate a conversation with community leaders and our panelists. Register Here. They encourage you to submit your questions in advance for the briefing by email to Ron Hallman.

 

07.01.2020

Vermont Agency of Commerce and Department of Taxes to Start Accepting Grant Applications; Webinar Announced
On July 6, 2020, the Vermont Agency of Commerce and the Department of Taxes will open the grant application portal for $70 million in Emergency Economic Recovery Grants allocated by Act 115 (S.350) for businesses impacted by the COVID-19 crisis. For more information on the grant program, click here. To be eligible for these grants, a business must:

  • Be domiciled or have its primary place of business in Vermont;

  • Have one or more non-owner employees in Vermont;

  • Have been in business prior to February 15, 2020;

  • Be open at the time of application, or if closed due to COVID-19 restrictions, can certify to its intention to re-open when the COVID-19 restrictions are lifted;

  • Have experienced a 75% or greater drop in total revenue in any one-month period from March 1, 2020, to August 31, 2020, when compared with the same month in 2019;

  • Not currently be in Chapter 7 bankruptcy; and

  • Be in good standing with the Vermont Department of Taxes and the Vermont Secretary of State.

  • Have not received a Vermont Emergency Economic Recovery Grant from another State of Vermont Agency of Department  

The Vermont Department of Taxes will administer $50 million in grants for businesses that are primarily restaurants, bars, lodging properties, and retail establishments that collect Rooms & Meals Tax and/or Sales & Use Tax and report on a monthly or quarterly basis to the Vermont Dept. of Taxes. (EXAMPLES: restaurant, bar, hotel, inn, retail store, online retail, golf course, movie theater).  

The Agency of Commerce will administer $20 million in grants for businesses that do not collect Rooms & Meals Tax and/or Sales & Use Tax or businesses that report to the Department of Taxes on these taxes for a minimal amount of overall revenues. (EXAMPLES: manufacturer, property management, construction, realtor).  

The agencies will host a webinar on the Emergency Economic Recovery Grant program on Thursday, July 2 from 3-4 pm the webinar will cover eligibility requirements, grant award calculation information, grant application processes, and what documents businesses will want to have prepared and on-hand when applying. For more details and the link to join the webinar, click here.

Congress Poised to Pass an Extension of the Payroll Protection Program (PPP)
On Tuesday, June 30, just hours before the application period for the PPP was scheduled to expire, the U.S. Senate passed a bill to extend the application period to August 8, 2020. The program has about $130 billion in funds remaining. Congress is scheduled to recess by the end of this week, so expectations are that the House will follow suit and pass the extension. For information on the PPP, go to our COVID Resource page.  

Click here to see June Updates