More economic grants for sole proprietors

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More economic grants for sole proprietors

Mon, 03/29/2021 - 9:16am -- tim

Vermont Business Magazine As the COVID-19 pandemic continues to impact revenues for small businesses across the state, Brattleboro Development Credit Corporation and Two Rivers - Ottauquechee Regional Commission have announced a second round of the Vermont Community Development Block Grant (CDBG) economic relief program to support sole proprietors.  

$1.6 million is available to fund grants between $1,500 and $10,000 to qualifying sole proprietors on a first come, first served basis. Applicants must demonstrate financial need through business expenditures which have not yet been reimbursed through other relief programs. Expenditures may represent expenses incurred between March 1, 2020 and March 31, 2021, or ongoing expenses in order to “pivot” business operations due to the pandemic. 

Among other eligibility requirements applicants must:

  • Be from a Low to Moderate Income household per federal guidelines, which is defined as having a household income of 80% or below the area median income for your county  

  • Be a sole proprietor that does not issue W-2s to any employees

Application Period: April 5 - May 26 
Grants are first come, first served

Learn More and Apply Here
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Draft Plans Due: April 1

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Event Date: April 5 @ Noon

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Event Dates: April 23 - 25

Vermont Agency of Agriculture, Food and Markets