The Administration has announced that applications for economic support through one of several different grant tracks created through S.350, which has been signed into law, and H.966, which is expected to be signed into law in the next several days, will be open for submission beginning July 6. The Emergency Economic Recovery Grants, which will […]
Updated Check-In on Status, Needs, Questions, and Recommendations
To help AIV serve Vermont’s industrial and business community, we ask that you take a moment to complete our updated and revised survey regarding the ongoing impact of COVID-19 on your business, assistance you need, questions you want addressed, and suggestions or recommendations you have to share from your experiences. Please note that this survey […]
PPP Application Deadline to be Extended
Congress has passed and sent to the President legislation to extend the application deadline for the Paycheck Protection Program to August 8. The previous deadline was June 30. Approximately $130 billion remains available for loans under the program, after Congress acted earlier this year to replenish the program following the swift exhaustion of its initial […]
Vermont Employer Mask/Face Covering Survey
AIV and other business organizations are working together to survey Vermont’s employers to help identify employer masks/face coverings and other personal protective equipment (PPE) needs in the state. The purpose of this survey is to help quantify use, demand (current and future), and supply of masks/face coverings to help inform ongoing efforts to assist Vermont […]
Trade Updates from A.N. Deringer
The following is provided by AIV member A.N. Deringer: US-Mexico-Canada Agreement (USMCA) Goes into Effect; Final Implementing Instructions Released Effective today, July 1st, NAFTA terminates, and the USMCA enters into force. The Final Implementing Instructions for USMCA (aka CUSMA) were released yesterday. The Background section states: “CBP understands that the trade may need time […]
Updated Guidance and Resources from the IRS
July 15 tax deadline approaching As the 2019 tax filing and payment deadline approaches (click here for more), the IRS reminds businesses and self-employed individuals that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payments are due July 15, 2020 (click here for more). Deferral of […]
Reminder | Regular PPP and EIDL Webinars
PPP & EIDL Webinar Tuesdays & Thursdays The SBA Vermont District Office is hosting a free webinar from 9:00 to 10:00 am Tuesdays and Thursdays to discuss the Paycheck Protection Program, the Economic Injury Disaster Loan and Advance, and any pertinent updates. To join the webinar, click here. To join by phone, call 202.765.1264 and when […]
Legislation Passes Expanding Workers’ Compensation Presumptions for COVID-19 | Employer Compliance with ACCD Guidance Critical
The Legislature rushed to pass S.342 in the closing days before recessing Friday until August 25. The bill would create a rebuttable presumption that COVID-19 is a compensable workplace illness across all sectors, although the bill defines “front-line” workers who would have the stronger presumption, while employers of non “front-line” workers would have more options […]
Vermont Department of Health and CDC Guidance on Responding to Positive COVID-19 Tests for Employees
The Vermont Department of Health has posted a new two-page guide with links to resources on what employers should do if employees test positive for COVID-19. Some of the information provided includes: What information employers can begin collecting right away upon learning that an employee has tested positive for COVID-19 (even before hearing from the […]
Reminder | USMCA Trade Agreement Effective July 1
The USMCA Trade Agreement will be effective July 1. For an overview of U.S. Customs & Border Protection implementation information and resources, click here. For other fact sheets, click here. For the text of the agreement, click here.