-A +A

Applications for first stage of new capital investment program now being accepted

Submitted by tim on

Vermont Department of Economic Development Funding under this program is intended for transformational projects that create opportunity to retain existing businesses, attract more businesses, create jobs and strengthen communities by encouraging capital investments and economic growth. The applicants can be non-profit or for-profit businesses, however, not publicly traded companies.

Full details of the program, including the Notice of Funding Opportunity, FAQs, and the online application form can be found here.

Tourism and Economic Recovery Marketing Grants

The Tourism and Economic Recovery Marketing Grants are now open and accepting applications. These grants are intended to enable local, regional, or statewide organizations implement marketing campaigns and initiatives that increase consumer spending, support local businesses, and advance community recovery efforts to support businesses in Vermont that have suffered economic harm due to the COVID-19 public health emergency. Maximum grant awards are up to $30,000 with $600,000 in available funding.

Have questions? Register in advance for an informational webinar on Oct. 7, 2021 at 1 p.m.

Economic Recovery Bridge Program Webinar: For Hospitality and Tourism Industry

The Agency of Commerce and Community Development launched the Economic Recovery Bridge Program on June 7th, 2021 to provide financial assistance to businesses who continue to be adversely impacted by COVID-19.

Please join Commissioner of Economic Development Joan Goldstein, and Commissioner of Tourism and Marketing Heather Pelham for a presentation about program eligibility, how Tourism and Hospitality businesses might access the program, and a robust Q&A session to address any outstanding questions participants may have.

Oct. 13, 2021 | 3 p.m. to 4 p.m. Access the webinar.

Last Week to Apply for the Newport Development Grant Program

Two grant opportunities are available to incentivize and support developments in the City of Newport:

  • The Newport Development Grant Program, a competitive grant with a minimum request of $50,000, for the purpose of assisting impactful projects that align with city and regional plans. Increased consideration will be given to properties and entities that can demonstrate they have been adversely impacted by the EB-5 failed projects.
  • The Discover Newport Business Grant Program, a set-aside funding opportunity of the NDF, aimed at incentivizing businesses to locate or expand within City of Newport, $5,000-$20,000 awards.

Full details of the program can be found here.

Understanding Act 70

This past legislative session the Vermont Legislature past Act 70, updating laws around alcoholic beverages and event permitting. The Department of Liquor and Lottery (DLL) has created new resources to help businesses and liquor licensees better understand and implement the new laws. DLL has also created an FAQ for those with further questions about to-go beverages and changes made to festival permits.
Visit the DLL website for more information.

Opportunities/Resources

RESOURCES
Commercial/Industrial Site Locator icon
Commercial/ Industrial Site Locator		 Restart Vermont icon
COVID-19 Recovery Resources		 ThinkVermont Jobs Board icon
ThinkVermont Jobs Board
Copyright © 2021 Vermont Department of Economic Development, All rights reserved.
Why are you receiving this email? You’re receiving this message because we met – perhaps when you subscribed online or perhaps at a conference. If you’ve changed your mind, you can unsubscribe.