-A +A

Paycheck Protection Program reopened

Submitted by tim on

Vermont Agency of Commerce & Community Development Applications for the Paycheck Protection Program (PPP) are once again being accepted from participating lenders as of Monday. Farms and ranches are eligible and always have been for the PPP program. The new development is that they now are also eligible for the EIDL program. However, the portal is not open for EIDL yet as they are processing loans in the queue. PPP provides cash-flow assistance to employers who maintain their payroll during the COVID-19 pandemic. Small businesses and other eligible entities can apply if they were harmed between February 15, 2020 and June 30, 2020. Loans are available through June 30, 2020. They are distributed on a first-come, first-served basis. Businesses can access PPP by contacting the Vermont Economic Development Authority (VEDA), their local bank or credit union, or the SBA Vermont District Office.

PPP and EIDL Daily Webinar

The SBA Vermont District Office is hosting a free daily webinar from 9:00am – 10:00am (Monday – Friday) to discuss the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) and Advance. Join online or call (202) 765-1264 and enter the code 470177937# when prompted.

Mandatory Safety Training Now Available

Addendum 11 to the Stay Home, Stay Safe Executive Order included a directive that by May 4th, all employees returning to work according to Phased Work Safe Guidelines, including those already working, must complete a mandatory training on health and safety requirements as provided by VOSHA, or another training program that meets or exceeds the VOSHA-provided standard. The Department of Labor has posted training materials in both online and printable formats.

Business Impact

ACCD wants to hear from all Vermont businesses impacted by the response to the COVID-19 virus. Please share these impacts via the ACCD Business Impact Form, which will help us assess the full impact as we work toward solutions.

Source: ACCD. 4.27.2020