Paycheck Protection Program Resources

The US Small Business Administration lender portal is now fully open for all participating Paycheck Protection Program (PPP) lenders for First and Second Draw loan applications. Businesses can learn more about First and Second Draw loans at the SBA website. (Click here) A presentation offering additional insights into the program can be found on the […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]

More Lenders Participating in PPP Starting January 15

The US Small Business Administration, in consultation with the Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on January 15.  The portal will fully open on January 19 to all participating PPP lenders to submit First and […]

New Legislation of Interest to Vermont Employers

The following are bills recently introduced that might be of interest to Vermont employers.  Text and other information about a bill’s status are available by clicking on the linked bill number.  Note that official statements of purpose might not fully reflect the purpose or effect of the bill.  If “SHORT FORM” is noted, the text […]

SBA Still Hosting PPP Forgiveness Webinars Tuesdays and Wednesdays

The SBA Vermont District Office continues to host free webinars Tuesdays and Wednesdays about Paycheck Protection Program forgiveness. Topics include criteria, the process, changes and more. PPP Forgiveness Webinars Tuesdays 11:30 am to 1:00 pm Click here to access the webinar link. To access by phone, call 202-765-1264 and enter code 986 011 495#. PPP Forgiveness […]

REMINDER | PPP to Reopen January 11

The US Small Business Administration, in consultation with the Treasury Department, has announced that the Paycheck Protection Program (click here) will re-open the week of January 11th for new borrowers and certain existing PPP borrowers. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 […]

Reminder: Informational Webinar on PPP and COVID Relief Legislation Updates

The weekly 3:00 pm Wednesday webinar for Vermont businesses hosted by ACCD and other state agencies will focus this week on updates to the Paycheck Protection Program (PPP) and the Families First Coronavirus Response Act (FFCRA). The Agency’s leadership team will be joined by the Vermont Department of Labor, the Vermont Bankers Association (VBA), the […]

COVID-19 EIDL Application Deadline Extended to December 31, 2021 | Weekly PPP Forgiveness Webinars Continue

The Small Business Administration today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is extended to December 31, 2021.  The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill signed into law December 27. EIDL loan applications will continue […]

Vermont Labor Market

The Vermont Department of Labor released data on the Vermont economy for the time period covering November 2020. According to household data, the seasonally-adjusted statewide unemployment rate for November was 3.1%. This reflects a decrease of one tenth of one percentage point from the prior month’s revised estimate of 3.2%. The Vermont seasonally-adjusted unemployment rate […]