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ACCD: Hospitality and State Parks reopening, PPP loan forgiveness

Submitted by tim on

Working Lands Grants Available

The Working Lands Enterprise Board has launched a one-time grant program called COVID-19 Response Business Development Grants. Funding is available for agriculture and forestry businesses to maintain operations while increasing capacity to rebuild and/or recover during an unprecedented time of need. Available funds total $180,000 and eligible grants will be awarded within the range of $5,000 to $25,000. The application period closes on May 31, 2020.

PPP Loan Forgiveness Application Now Available

Over the weekend, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for applying. Additional guidance from SBA for borrowers and lenders is forthcoming.

State Parks Preparing to Reopen

Vermont's state parks will open this summer but will not offer overnight camping until June 25th and will be cancelling all reservations prior to that date. Park attendance limits will be reduced, and parks will not offer equipment rentals or concessions this summer. Day use visitors are encouraged to bring chairs and blankets for their visit as common area picnic tables and seating will be removed.

Adapting Vermont Hospitality to COVID-19 Webinar

The Lake Champlain Chamber will host a webinar, “Adapting Vermont Hospitality to COVID-19” on Thursday, May 21st at 9:00am to address the unique challenges the hospitality industry has faced and to discuss a path forward as the economy begins to reopen. This webinar is free, but registration will be capped at 90 people.

VtSBDC Roadmap to Reopening

In case you missed it, video is now available for last week's virtual town hall for small business owners hosted by ACCD and the Vermont Small Business Development Center (VtSBDC). The town hall reviews VtSBDC's COVID-19 Recovery Roadmap, designed to aid businesses' response to COVID-19 and to develop a path forward.

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 5.18.2020