The Vermont Community Action Partnership and the Micro Business Development Program have come together to establish the Economic Micro Business Recovery Assistance for the COVID-19 Epidemic (E.M.B.R.A.C.E.) direct grant program to support the smallest Vermont micro businesses owned by an individual with a “household” income at or under 80% of state median “household” income. Grant […]
REMINDER | Expanded Economic Recovery Grant Application Closing
A reminder that the application window for businesses applying through ACCD closes on Monday, November 9. Visit the ACCD COVID-19 Recovery Resource Center (click here) for full details, eligibility requirements, how to apply, FAQs for businesses (click here), webinar recordings (click here) and translated fact sheets. The application window for those businesses applying through the […]
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.