Rebel Heart on State Street in Montpelier in late August. According to Rebel Heart's website, the store is selling goods online as they work to raise capital to reopen their Montpelier retail space.
Severe Storm Recovery Update
October 13, 2023
BEGAP Application Deadline Announced
Agency of Commerce and Community Development The Business Emergency Gap Assistance Program (BEGAP) application portal will close on Monday, October 23rd. Businesses who have yet to apply or are still completing their application will need to do so by October 23rd.
In September, the BEGAP award calculation changed, removing the $20,000 award cap for applicants with eligible net damage amounts between $100,000 and $1,000,000 to provide additional funding to businesses in need, up to 30% of their total unmet damages. Supplemental checks will begin going out next week to businesses that already received a BEGAP award. It is expected that all program funds will be expended when the application portal closes and the application approval queue is cleared.
SBA/FEMA Deadlines
The deadline to apply for FEMA assistance and SBA disaster loan applications for physical damage from flooding that occurred July 7 through July 21 has been extended to October 31, 2023.
Business owners, homeowners, renters, and some private nonprofits in Addison, Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor Counties are eligible for SBA Physical Damage Loans. (The deadline for organizations in Addison County is November 13, 2023.) To learn more about SBA disaster loans visit disasterloanassistance.sba.gov/ela/s/ or call 1-800-659-2955.
To be eligible for FEMA grants you need to live in Caledonia, Chittenden, Lamoille, Orange, Orleans, Rutland, Washington, Windham, or Windsor County. To learn more about FEMA grants visit www.disasterassistance.gov or call the FEMA Helpline at 800-621-3362.
SBA/FEMA Centers Closing
The SBA closed its last Business Resource Center in Ludlow on Thursday, October 12.
FEMA closed its Disaster Resource Center (DRC) in Barre on Wednesday, October 11. The two remaining DRCs will close at 2pm on the dates below:
- Waterbury Armory – Saturday, October 14
- Ludlow Community Center – Saturday, October 21
Agency of Commerce and Community Development
1 National Life Dr
Montpelier, VT 05620-5001