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ACCD: Economic recovery grants open, Webinar Thursday

Submitted by tim on

Economic Recovery Grant Application Available

Vermont Business Magazine The application for an Economic Recovery Grant is OPEN to Vermont businesses. With funding available to the State of Vermont through the federal Coronavirus Relief Funds (CRF), these grants are intended for businesses who can demonstrate revenue loss in any one-month period from March 1, 2020 to August 31, 2020, when compared with the same month in 2019. The Economy Recovery Grant page has full details, including requirements, document preparation needs and application process.

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 us on Thursday, July 9th at 3:00pm 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.

College Restart Plan Announced

The Governor's Restart Task Force and ACCD today announced new guidance for the reopening of college campuses to students this fall. The guidance will require all students be tested upon arrival and sign a code of conduct agreement as well as require colleges to reduce density in classrooms and dining halls to keep students and faculty communities safe.

Guidance for Employees Returning to Work After Testing Positive for COVID-19

The Department of Health has issued guidance for the safe return to work of an employee who tested positive for COVID-19. It is important for employers to know that neither a negative test for COVID-19 nor a letter from the Department of Health should be required to return to work.

PPP Application Deadline Has Been Extended

Legislation has been passed and signed extending the federal Paycheck Protection Program (PPP) until August 8, 2020. The PPP provides federally-guaranteed loans to employers who maintain their payroll during this emergency. We encourage businesses to explore whether this federal program is a good fit for them. For information on the PPP, visit the ACCD Recovery Resource Center.

COVID-19 Recovery Visits: From Recovery to Renewal and Resilience

The Local Support and Community Action Team of the Governor's Economic Mitigation and Recovery Task Force is launching a series of virtual forums, facilitated by the Vermont Council on Rural Development, in every county across the state to: Share challenges and ideas for community recovery; connect to others working to respond, recover and build long-term resilience; and meet with a “visiting team” of state, federal, business and nonprofit leaders. All are welcome to participate in their county's forum and registration is required. If you need assistance or have questions about the forum or how to join, please contact [email protected].

USDA Seeks Applications to Strengthen Rural Cooperatives

USDA is accepting applications for grants to help start, expand or improve rural cooperatives and other mutually owned businesses in rural America. $5.8 million in grants is available under the Rural Cooperative Development Grant (RCDG) program to help improve economic conditions in rural areas. Nonprofit corporations and institutions of higher education are eligible to apply to provide technical assistance to individuals and rural businesses. The application deadline is August 3, 2020.

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: Vermont Agency of Commerce & Community Development 7.7.2020