Vermont Economic Recovery Grant Program Now Accepting Applications
Monday, July 6, 2020
Posted by: Jeff Couture
The application for an Economic Recovery Grant is now open to Vermont businesses. With funding available to the State of Vermont through the federal Coronavirus Relief Funds (CRF), these grants are intended for businesses who can demonstrate revenue loss in any one-month period from March 1, 2020 to August 31, 2020, when compared with the same month in 2019.
The Agency of Commerce and Community Development (ACCD) and the Department of Taxes will work together to administer the more than $150 million available. Businesses that pay Rooms & Meals Tax or Sales & Use Tax will go through the Department of Taxes. All other businesses will go through ACCD to access these grants.
Full information on the application, eligiblity, FAQs, how to apply, and technical assistance can be found at the ACCD website.