Last Updated: June 15, 2021
COVID-19 AnnouncementsNVDA staff continue to work remotely. When staff are present in our offices they will follow VT Department of Health and CDC guidelines by wearing face covering and maintaining physical distancing. We will continue to keep you informed of updated COVID-19 news and announcements by posting information on our website and Facebook, and in NVDA's bi-monthly newsletters.
If there is an urgent need to communicate with NVDA, please contact:
Economic Recovery Bridge ProgramThe program opened on June 7th to deliver $30 million in financial relief to businesses that have not received state and federal funding due to eligibility constraints - and to businesses that can show a continued loss of revenue after receiving state or federal aid. Visit the ACCD website for guidelines and application information.
Treasury Guidance on Eligible Uses for State/Municipal FundsThe U.S. Treasury released guidance and their interim final rule on the State and Local Funds that Congress included in the American Rescue Plan. Details can be found on the website, with more information coming to local and state governments about registering with the Treasury to receive funds.
On the Closure of PPPThe Paycheck Protection Program was among the first disaster relief programs to extend emergency funds to small businesses and nonprofits across the country. $798 billion provided a survival lifeline during the economic crisis. The PPP is one of eight pandemic relief programs established by Congress to provide assistance. Others include Economic Injury Disaster Loan (EIDL); EIDL Advance; Targeted EIDL Advance; Supplemental EIDL Advance; Restaurant Revitalization Fund; Shuttered Venue Operators Grant; and SBA Debit Relief program. To learn more about the programs, visit www.sba.gov/relief.
Disaster COVID-19 Business Lending & Grants (State & Federal)Click here for the updated worksheet.
Local Resources:NVDA (www.nvda.net), NCIC (www.ncic.org), and the NEK Collaborative (www.nekcollaborative.org), are working to distribute information and guidance on the resources and opportunities available in the region. Reach out by phone, email or Zoom for information.
VT Department of Labor (DOL)The DOL website contains important information for employees, employers, unemployment assistance, job openings and training opportunities. VDOL is available to assist businesses with virtual job fairs. For more information contact Kinsley Sicard at Kinsley.Sicard@vermont.gov.
VT Emergency ManagementConnect to resources on the current COVID-19 emergency response in Vermont VEM website. Bruce Melendy is NVDA's Emergency Management Specialist and Regional Emergency Management Coordinator Bmelendy@nvda.net.
USDA Rural Development Resource WebpageUSDA Rural Development has taken a number of immediate steps to help rural residents, businesses and communities impacted by the COVID-19 outbreak. Visit the website for updates on utilities and housing services. .
VT Manufacturing Extension CenterVermont's go-to resource for manufacturing has a VMEC COVID-19 Resource webpage.
VT Agency of Commerce & Community Development (ACCD)Visit the website for Recovery Resources and information for businesses, communities, and individuals Here.
VtSBDC Recovery Roadmap for Business OwnersVT Small Business Development Center (VtSBDC) understands the challenging decisions business owners need to consider as they determine how and when to reopen. Flowcharts and resources have been designed to help navigate the process. Follow a step-by-step guide to reflect the current state of your business and create a plan for recovery, reinvention and reopening: Recovery Roadmap
Business Webinars & Community Announcements
Use of Public Spaces for Eating, Retail & GatheringThe Department of Housing & Community Development offers tools, resources, and technical assistance to help communities reimagine and reconfigure streets, parking areas and public spaces to meet COVID-19 physical distancing requirements. Visit the website for guidance on how a portion of a state or town public highway can be used on a temporary basis for outdoor eating, retail activities, and social gatherings. These areas are referred to collectively as "temporary public gathering spaces." Interim Guidelines
VT Talent Pipeline: 2021 Manufacturing HiringVermont's manufacturers are scrambling to hire people to satisfy orders and clients in the fallout of the pandemic. A combination of safety, family care and retirements has created a gap in the workforce. If your company is looking for skilled talent, join VTPM's Manufacturing Collaborative Needs Assessment. Please reply with your interest in developing collective impactful hiring solutions. A calendar invite will follow your reply: Respond to Participate Questions? Mary Anne Sheahan (802) 343-6364 Maryanne@vtroundtable.org
SBA & IRS Webinar: ARP Tax Benefits for Small Businesses - June 23, 10:00 amThe American Rescue Plan extended a number of critical tax benefits for small businesses. Join the SBA New England Regional Office and the IRS for a webinar highlighting the Employee Retention Tax Credit and Paid Leave Tax Credit. Register Here
VT PTAC Webinar - June 30, 10:00 am-11:30 amThe VT Procurement Technical Assistance Center (PTAC) provides Government contracting support and training to Vermont businesses that want to sell their goods or services to the government. VT PTAC also provides networking and marketing opportunities. The services are free and easy to access. Sign up: Intro to VT PTAC
Weekly Webinar for Vermont BusinessesThe VT Department of Health and the Agency of Commerce & Community Development hold a weekly webinar on Wednesdays from 3:00-4:00 pm, focused on health and pandemic updates for the business community. Participants are invited to submit questions ahead of time for officials to address. Businesses joining the webinar by phone must enter their questions using this Weblink as only those participating via the Microsoft Teams platform will be able to ask real-time questions. If participants wish to submit anonymous questions they can do so on the same link questionnaire. Call-In Information: +1 802-828-7667 / Conference ID: 477 481 46# For more information on upcoming webinars visit the ACCD website which also offers recordings of previous webinars in the series.
VT Small Business Development CenterExperienced business advisors are available by email, phone or video conferencing. Do you need help constructing financial statements or application forms for disaster relief funding? VtSBDC will help you curate, decipher and disseminate information into manageable practical steps tailored specifically for your business - all at No cost. Contact: Ross Hart, VtSBDC Area Business Advisor Rhart@vtsbdc.org (802) 535-4240 (cell) or Heidi Krantz HKrantz@vtsbdc.org.
The Shuttered Venue Operators (SVO) GrantThe Shuttered Venue Operators (SVO) program, administered by the SBA's Office of Disaster Assistance, includes $16 billion in grants to shuttered venues. Eligible applicants may qualify for grants equal to 45% of their gross revenue. Visit the website for important program details and to apply. SVO Grant
Restaurant Revitalization FundEligible restaurant businesses may receive a tax-free federal grant equal to the amount of their pandemic-related revenue loss, calculated by subtracting 2020 gross receipts from 2019 gross receipts. Visit the website for Information about the application process What you need to know: RRF and to register Application Portal. The portal will help you calculate your eligible award amount, monitor status, and interact with the SBA.
Technical Assistance GrantsNorthern Community Investment Corporation (NCIC) offers cost sharing grants for professional services that businesses may not otherwise be able to afford. Eligible activities can include training, graphic design, website development, marketing assistance, preliminary engineering & architectural services, financial management assistance, and business evaluation assistance. For more information contact Aimee Quimby (802) 748-5101 x2019 Aquimby@ncic.org.
New Round of VT Business Recovery Grants Available Soon!The Agency of Commerce received $10 million from the American Rescue Plan Act to provide grants to businesses that have not received prior State or Federal financial assistance. To view guidance clarification click here. Further information regarding launch date, application portal, and FAQs will be posted soon. The application portal will be live in early June, 2021.
NEK Special Loan Programhe VT Economic Development Authority (VEDA) is offering low interest loans under its Small Business Program to growing qualified businesses in Essex, Caledonia and Orleans Counties. The NEK Program can make loans of up to $150,000 for fixed asset acquisition or for working capital purposes. Visit the website or contact Thomas Porter (802) 828-5460 Tporter@veda.org.
VT Farm Fund (VFF) Loan ProgramsStraightforward low interest loans for Covid-related needs or for regular Business Builder loans. The VFF offers no-hassle, friendly-term loans to local farmers and food producers for capital improvements, infrastructure projects, or business growth for food related businesses. Find out more www.vtfarmfund.org Questions? Contact Kate Stephenson (802) 560-3099.
Northern VT Recovery Loan Fund (NVRLF)This revolving loan program, serving Northern Vermont businesses and organizations negatively impacted by COVID-19, is designed to support business owners from Caledonia, Essex, Orleans, Franklin, Grand Isle, and Lamoille Counties. The fund provides flexible terms and low-to-no-cost debt financing, along with business coaching services. Loans are available to businesses across multiple sectors including manufacturing, tourism, agriculture, forestry & wood products, education & early care, nonprofits, and other drivers of rural economic development. For more information on NVRLF and other Vermont Community Loan Fund lending programs, visit the website.
NVDA Revolving Loan ProgramThe Northeastern Vermont Development Association has a limited amount of loan funds available for businesses in Caledonia, Essex, and Orleans Counties. Funds may be used for the purchase of real property & equipment, working capital, and feasibility studies. Normal lending guidelines and rules apply. For more information, contact Judith Butson at email@example.com or (802) 748-1222.
NCIC Revolving Loan ProgramNorthern Community Investment Corporation has extensive revolving loan programs targeted for helping NEK employers. Contact Aaron Krone, NCIC Business Resource Manager, firstname.lastname@example.org Tel: 802-748-5101, ext 2021