Vermont Receives $300,000 for Small Business Exporting

ACCD has received a $300,000 exporting grant to assist small businesses in the state. The grant is awarded through the Small Business Administration’s State Trade Expansion Program, a federal-state partnership initiative to increase the number of small businesses exporting their products. Since STEP was established in 2010, Vermont has received a STEP grant each year. […]

Expanded Economic Recovery Grants Announced

ACCD and the Department of Taxes will administer a new round of grants for businesses: Expanded Economic Recovery Grants (click here). The Department of Taxes application is open now through the myVTax portal (click here) until midnight on October 30. ACCD will be opening their application in the next week and the window to submit […]

On the Wire | News and Analysis from the Web for the Week of October 12

Supply chain pros embrace AI for forecasting, inventory despite limitations during pandemic.  Supply Chain Dive 10/13 “Supply chain professionals are optimistic about the potential for artificial intelligence within their operations, but they have also struggled with the technology during the coronavirus pandemic, according to a survey from Secondmind, which develops machine-learning applications for businesses. . […]

Technical Assistance Programs Still Available

ACCD encourages all businesses to look into free technical assistance options now available through the Small Business Recovery Technical Assistance Program (click here). Business support remains available in a variety of areas being provided by the state’s 12 regional development corporations and other partners.

Reminder | PPP Forgiveness Webinars Tuesdays and Thursdays

As noted in the past, the SBA Vermont District Office hosts a free webinar from 11:30 am to 12:30 pm Tuesdays and Thursdays to discuss Paycheck Protection Program forgiveness and other changes. To streamline the PPP forgiveness process, a simpler forgiveness application for loans of $50,000 or less was recently released. More than 8,000 Vermont small […]

Simpler PPP Forgiveness for $50,000 Loans or Less

The Small Business Administration, in consultation with the Treasury Department, has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This streamlines the PPP forgiveness process to provide financial and administrative relief to many small businesses while also ensuring sound stewardship of taxpayer dollars. Click here for more.

Application Deadline Extended for Agriculture Grants

The deadline for the Vermont COVID-19 Agricultural Assistance Program (VCAAP) Dairy Assistance Application and Agriculture and Working Lands Application has been extended to November 15.  Click here. The Agency of Agriculture, Food and Markets (AAFM) will temporarily suspend taking new applications for a couple of weeks to update the application. AAFM will continue to process […]

REMINDER | Technical Assistance Programs Available

Free technical assistance is now available through the Small Business Recovery Technical Assistance Program with support in a variety of areas being provided by the state’s 12 regional development corporations and other partners. Click here for more.

Important Clarification on Economic Recovery Grant Guidance

ACCD guidance had previously stated that all businesses receiving a Vermont Emergency Economic Recovery Grant must spend the grant money by December 30, 2020. They have now been able to clarify that such businesses do not need to have fully expended these grant funds by December 30, 2020. If businesses need and are able to, […]

Updated Resources and Guidance from the IRS

Guidance on deferring certain employee Social Security tax withholding Notice 2020-65 provides guidance to employers for allowing deferred withholding and payment of an employee’s portion of the Social Security tax if their wages are below a certain amount. This relief generally applies to wages paid between September 1, 2020, through December 31, 2020.  Click here. […]