“The Legislature’s initial relief bill, S.350, provided $70 million to businesses impacted by COVID-19 related restrictions and closures. Using the framework established in S.350, the House advanced an additional round of funding that would direct another $70 million in grants to businesses that have suffered a 50 percent or greater reduction in revenue in a monthly or quarterly period from March 1, 2020 to September 1, 2020 as compared to the same period in 2019 – this portion of the latest relief bill is not accessible to sole proprietors.
The bill also separately provides an additional $31.5 million earmarked for various specified sectors and business types – these funds are accessible to sole proprietors.”- The Vermont Chamber
The JPACC/ToV Chamber would like to remind all businesses that if have not updated your myvtax account or you have not created an account; please do so through the portal here. Vermont Economic Recovery Package will be administered through this portal. If you have any questions or concerns, please contact the chamber for guidance.