Borrowers may now apply for forgiveness for their Short Term Forgivable Loans as part of the program offered to support businesses experiencing continued working capital shortfalls as a result of the COVID-19 pandemic. Borrowers may apply for forgiveness anytime up until 12 months from the day they received their loan, as long as they meet […]
Economic Recovery Bridge Program Set to Close June 15
The Economic Recovery Bridge Program (click here), a pandemic relief grant that opened in 2021 for businesses that suffered a tax loss owing to COVID-19, will sunset as of June 15. At that time, the application portal will no longer be accessible to new or returning users. Those who wish to complete active applications currently in […]
Economic Development Bill Passes Legislature, Includes Aid and Incentives for Employers and Employees
The final conference report for S.11, which became the latest and last vehicle for attaching a wide range of economic development and other provisions that have evolved over this session, has passed the Legislature and is awaiting the Governor’s action. It includes a number of provisions intended to help certain employers and employees. Unfortunately it […]
All EIDLS Deferred Until 2022
The Small Business Administration reminds all Economic Injury Disaster Loan borrowers the agency extended deferment period for all disaster loans, including COVID-19 EIDLs, until 2022. All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note. […]
Updated Guidance and Resources from the IRS
Tax relief for employer leave-based donation programs that aid victims of the COVID-19 pandemic The IRS extended the tax relief provided in Notice 2020-46 for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of the COVID-19 pandemic. Click here for more. Avoid these errors when requesting advance payments of […]
Upcoming Vaccination Clinics and Related Information
If you are interested in communicating with employees about upcoming vaccination opportunities and related information and resources, you can click here to find information about pop up and standing options and more.
Economic Recovery Bridge Program Opens to Additional Businesses
As of July 7, 2021, the Vermont Agency of Commerce and Community Development (ACCD) is expanding eligibility for its Economic Recovery Bridge Program. With this change, ACCD is now accepting applications from organizations that have received prior State of Federal assistance. Under the expanded guidelines, organizations that can demonstrate; 1) a 2020 tax loss; and 2) that the organization suffered […]
Snap Webinar Opportunity this Thursday, June 17, on Economic Recovery Bridget Program
ACCD has decided to put together a webinar for Thursday, June 17, from 2:00 to 3:00 pm to discuss the Economic Bridge Program updates and timeline, and to answer any outstanding questions about the program. The program launched two weeks ago and for the first thirty days the application prioritization is for those businesses who […]
Vermont Business Vaccine Clinics
If Vermont businesses are interested in creating pop-up clinics for their employees or customers or in having a vaccination booth at an upcoming event, please submit your information through the Vaccine Clinic Registration Form (click here). The information you provide through these web forms will help the Health Department assess the resources needed and if […]
Economic Recovery Bridge Program
Opening on June 7, the Economic Recovery Bridge Program is expected to deliver $30 million in financial relief to businesses who have not received state and federal funding due to eligibility constraints and to businesses who can show a continued loss of revenues due to the COVID-19 pandemic. Click here for a webinar on the […]