Dear Businesses:
Many relief funds in both states are wrapping up. If you have not applied - and fit the criteria - deadlines are fast approaching. If you are unsure whether you fit the criteria, call us and we will walk you through or refer you to someone who can find you answers.
Updates:
NEW HAMPSHIRE
Business Finance Authority GAP FUND closes today (Aug 4). If you haven't applied yet, here is the link: APPLY HERE
SELF Employment Relief Fund - If you wish to appeal a denial to your application, you must email [email protected] by August 7, 2020 at 11:59pm. Your appeal e-mail must contain the following:
- A copy of your denial e-mail or letter
- Explanation and documentation to substantiate your claim
VERMONT
Retail Capacity Changes - on Friday, Governor Scott announced that non-essential retail businesses can operate at 50% of approved fire safety occupancy; or 1 customer per 200 square feet; or 10 total customers and staff combined, whichever is greater, as of August 1, 2020. For further details and requirements, please refer to the Phased Restart Work Safe Guidance.
Economic Recovery Grants
Funds are still available to Vermont businesses who can demonstrate a revenue decline of at least 50% in any one-month period from March 1, 2020 to August 31, 2020, when compared with the same month in 2019. Info Here.
Vermont Community Development Block Grant (CDBG) Cares Act
Sole Proprietor Stabilization Grant Program
Sole Proprietors may apply for grants of $5,000, $7,500 or $10,000 through a Lottery draw. The Application ENDS August 14. The lottery will be held on Aug. 14.
This program requires an applicant to have a DUNS # prior to registration for access to the grant management application. To request a free DUNS # go to https://www.dnb.com/.
NH Small Business Development Center 2020 Business Resiliency Survey - we had published the link to take the survey and now, here are the results. A key finding - most businesses did not have an emergency plan (although who would have seen this coming?) but will going forward. However, the pandemic has had silver linings with businesses taking a hard look at how they do business and adapting with new technologies and processes.
Speaking of adaptation...UVBA is looking at how we can do programming to help our businesses adapt. Let us know what information you need to move forward. E-commerce? Marketing? Technology? Email me - we want to find the experts you need.
