Last Updated: April 15, 2021
Paycheck Protection Program The PPP offers borrowers two applications: First Draw for new borrowers; Second Draw for any business that received a PPP in 2020. The Program continues to prioritize Americans employed by small businesses by authorizing billions toward job retention and certain other expenses through May 31, 2021. Community lending Institutions include Credit Unions, Farm Credit System Institutions, VEDA, and Insured Depository Institutions. If you want to apply for a First Draw PPP and your local lending institution is not offering these loans, call the Vermont SBA office at (802) 828-4422. Small business owners wanting to obtain a PPP loan should apply immediately as allocated funds may run out before the May 31st deadline.
Tuesdays 11:30 am-1:00 pm Access Webinar or Call in 1-202-765-1264 and enter code 986 011 495#
Wednesdays 9:00-10:30 am Access Webinar or Call in 1-202-765-1264 and enter code 142 718 62#
COVID-19 Announcements
NVDA 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:
- David Snedeker dsnedeker@nvda.net (802) 748-8303
- Tina Gonyaw tgonyaw@nvda.net (802) 748-1220
H.681 contains temporary amendments to the open meeting law. Public bodies are authorized to continue to meet and do necessary business through remote means -- and without the physical meeting location. This will allow them to follow health and safety best practices during this pandemic and declared state of emergency. For more information, click here.
Governor Scott's Plan for Economic Recovery and A Roadmap to Reopen
On April 6th, Gov. Scott introduced a plan to strategically invest $1 billion in one-time money provided to the state, to jumpstart recovery from the pandemic and support long-term economic growth. VT Plan for Economic Recovery & Revitalization. His proposal calls for investing for key infrastructure needs including housing, broadband, water and sewer projects, climate change mitigation and economic development. In addition, he announced a plan to lift most Covid-19 restrictions by July 4th. He unveiled a four-phase schedule VT Reopening Plan for relaxing travel guidelines, loosening capacity limits, and eliminating gathering restrictions. This action ties reopening to specific vaccine milestones in the state. Masking and physical distancing guidelines will remain throughout the first three phases, but both are still encouraged after July 4.Vaccinations in the NEK
Read the latest information on Covid-19 Vaccines in VT The webpage is updated regularly and the COVID-19 Dashboard is updated daily. Multiple sites are offering vaccinations: Make an appointment to get the Vaccine.PPP Updates
The American Rescue Plan will allocate $7.25 billion for PPP including expanded eligibility to additional nonprofits and digital news services. PPP2 has been extended until May 31, 2021.Paycheck Protection Program The PPP offers borrowers two applications: First Draw for new borrowers; Second Draw for any business that received a PPP in 2020. The Program continues to prioritize Americans employed by small businesses by authorizing billions toward job retention and certain other expenses through May 31, 2021. Community lending Institutions include Credit Unions, Farm Credit System Institutions, VEDA, and Insured Depository Institutions. If you want to apply for a First Draw PPP and your local lending institution is not offering these loans, call the Vermont SBA office at (802) 828-4422. Small business owners wanting to obtain a PPP loan should apply immediately as allocated funds may run out before the May 31st deadline.
PPP Forgiveness Webinars
SBA's Vermont District Office continues to conduct weekly PPP Forgiveness Webinars. Access information is provided below - join on your computer or mobile app. Need help? Contact Susan Mazza, Deputy District Director Susan.mazza@sba.govTuesdays 11:30 am-1:00 pm Access Webinar or Call in 1-202-765-1264 and enter code 986 011 495#
Wednesdays 9:00-10:30 am Access Webinar or Call in 1-202-765-1264 and enter code 142 718 62#
EIDL Update
The American Rescue Plan will allocate $15 billion additional funds with loans prioritized for hardest hit businesses with fewer than 10 employees. The deadline to apply for Economic Injury Disaster Loans (EIDL) for working capital to small businesses, sole proprietors, independent contractors and non-profits from a wide array of business sectors has been extended to December 31, 2021. EIDL Disaster Assistance - SBAResource Websites
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 Management
Connect 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 Webpage
USDA 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 Center
Vermont'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.Business Webinars & Community Announcements