Vermont Business Magazine Governor Phil Scott, ACCD, and the Department of Taxes Tuesday announced an increase to the maximum grant award for Economic Recovery Grants for Vermont businesses negatively impacted by the COVID-19 pandemic. The increase in the maximum grant award is available to businesses in the lodging, retail, hospitality, arts, travel and event affiliated sectors that have continued capacity constraints.
Previously, businesses could receive up to $50,000 in grant funds. Now, businesses in eligible industries can receive up to an additional $100,000 in grant funding, for a total of $150,000 from the program. The increased maximum award is available both to new applicants to the program and to those businesses that have already received a $50,000 grant.
All businesses that received a $50,000 grant award from the Department of Taxes are eligible to request an increase to the new maximum award amount and can do so through myVTax starting today. Starting Monday, August 24, 2020 ACCD will be contacting eligible businesses that already received a $50,000 grant notifying that the supplemental grant funding may be available.
If a business has not applied for a grant yet, you can still do so at the ACCD website.
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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.
