Vermont economic recovery grants to benefit creative sector

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Vermont economic recovery grants to benefit creative sector

Thu, 07/02/2020 - 10:37am -- tim
Vermont Business Magazine Vermont's H.966 legislation provides economic relief to businesses and organizations using funds that Vermont received from the Federal CARES Act. This support is for eligible Vermont businesses and organizations who have suffered a 50 percent or greater reduction in revenue due to the COVID-19 public health emergency and economic crisis in a single month from March 1, 2020 to September 1, 2020, as compared to the same period in 2019. 
 
Here’s what it means for Vermont's creative sector:
  • The law includes a $5,000,000 allocation for grants to nonprofit arts and cultural organizations. 
  • Every business or nonprofit org will apply will using the same portal and process housed at the Agency of Commerce and Community Development’s website.
  • The portal will open for applications on the ACCD website on Monday, July 6.
How to learn more:
  • Visit the ACCD website for the online application, eligibility and application requirements.
  • Visit our website for information for nonprofit arts and cultural organizations.
  • Tune into informational webinars. ACCD and the Department of Taxes will host several webinars to 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 an Economic Recovery Grant.
ACCD Webinar Dates:
3-4 p.m., Thursday, July 2
8-9 a.m., Friday, July 3
11 a.m. - 12 p.m., Friday, July 3
  • Get support during the Council's virtual office hours. The Vermont Arts Council will host virtual office hours to help creative sector businesses and organizations with the new grants. Feel free to “drop in” via Zoom during the following hours:
Arts Council Office Hours:
 
9-10 a.m., Monday, July 6.
 
9-10 a.m., Tuesday, July 7.
 
Additional Resources

Source:  Vermont Arts Council