Currently available resources include the following:
Latest updates from CDCVermont Department of Health Information
Unemployment Benefits – the Department of Labor is fast tracking unemployment benefits for any person who has lost (temporarily or permanently) their job due to COVID-19. For tenants, particularly those in the restaurant and bar industry, who are not able to work, that will provide some economic relief. Details can be found here: https://labor.vermont.gov/
****We understand that the Unemployment system is completely bogged down, please be patient and keep trying****
Small Business Administration – some resources are becoming available for business owners through this program. Like many of these, the details are constantly changing and regulations loosening each day.
https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-provide-disaster-assistance-loans-small-businesses-impacted-coronavirus-covid-19
VEDA – also has funding that is coming available. https://www.veda.org/
The State is collecting data on the impact to businesses so they can seek relief and federal support for the state. The email address to send information to about the impact to your business is commerce.covid19@vermont.gov. For rental property owners, one ask is to make emergency housing funds available for tenants to request for the payment of April and May’s rent. This short-term rent payment issue is one of the larger impacts to rental property owners.
Business Impact and SBA LoansACCD is asking any Vermont business impacted by the response to COVID-19 virus to share these impacts with the Agency through a dedicated email address: commerce.covid19@vermont.gov.In addition, the Coronavirus Preparedness and Response Supplemental Appropriations Act recently passed by Congress expanded the Small Business Act’s definition of a disaster to include Coronavirus (COVID-19). As a result, the SBA will be able to provide Economic Injury Disaster Loans (EIDLs) under a Governor’s Certification Disaster Declaration. In order for SBA to consider an EIDL declaration, the Governor must demonstrate that at least five small businesses in a disaster area have suffered substantial economic injury as a result of the disaster. The Agency is working to identify businesses that meet the Small Business Administration’s threshold for SBA disaster loan assistance. Businesses are asked to complete an assessment form (available on the ACCD website at https://accd.vermont.gov/content/sba-worksheet) and return it to commerce.covid19@vermont.gov as soon as possible to help us advocate for eligibility. Our goal is to gain information in each of the 14 counties across the state. We are looking for data on impacts in the following areas:
The Agency has also established a hotline so that businesses may call to report impacts and be directed to resources: (802) 461-5143. The hotline will be staffed Monday through Friday, 7:45 a.m. – 4:30 p.m.