VBRA COVID-19 Updates and Resources
Vermont Emergency Economic Recovery Supplemental Award Program -
Previously, businesses could receive up to $50,000 in grant funds. Now, businesses in eligible sectors can receive up to an additional $100,000 in grant funding, for a total of $150,000 from the program. More info here. Click here for guidelines.
August 21, 2020: Governor Phil Scott announced his proposal for an additional $133 million in economic relief and recovery, using funds from the $1.25 billion the state received from the Federal CARES Act. As with previous proposals the Governor and his administration will work with the legislature to bring further relief to Vermonters and Vermont businesses.
What do I do if my employee tests positive for COVID-19?
Effective June 26, event, arts, culture and entertainment venues, as well as restaurants can expand capacity for events and dining to 50% of approved occupancy size. This change will allow for indoor events of up to 75 people and outdoor organized events of up to 150 people.
Friday, May 29th - Governor increases limit on social gatherings to 25 people; No changes to construction sector guidelines.
The new gathering cap cannot be used to expand capacity at businesses (see below for retail capacity).
Also, close-contact businesses will be allowed to open June 1st - this includes indoor fitness centers, massage therapists, nail salons, spas,
home maintenance and cleaning.
The Be Smart, Stay Safe orders change frequently and can always be found HERE. Newest changes are in red.
June 4 - US Senate approves PPP Flexibility Act.
The legislation will greatly increase the likelihood that a large percentage of a borrower’s PPP loan will be forgiven.
If you haven't applied for PPP, with these changes, now is a good time to consider if the program will work for you:
-- Extends the "covered period" from 8 to 24 weeks.
-- The requirement that 75% of funds be used for payroll in order to have forgiveness is lowered to 60%.
-- Extends the June 30th "re-hire" deadline to December 31, 2020.
-- For new loans, the term period is extended from 2 years to 5 years.
As of Friday, May 22nd, construction on interior occupied structures is now allowed.
For our Retail Partners -
Effective May 18, non-essential retail operations are limited to 25% of approved fire safety occupancy; or 1 customer per 200 square feet; or 10 total customers and staff combined, whichever is greater. Operators must post their temporary occupancy limit, and which method was used to determine it, prominently on all entrances.