- American Rescue Plan Act
Economic Recovery Bridge Program
On April 17, 2021, H.315 was enacted (Act 9). The Act appropriates $10 million of funds from the American Rescue Plan Act (ARPA) to ACCD to provide priority funding to businesses that have not received prior State or Federal financial assistance. To the extent that funds remain available, the program is also intended to provide funding to businesses that have suffered a tax loss even after receiving State or Federal aid.
Vermont Emergency Economic Recovery Grants
ACCD and the Department of Taxes administered the Vermont Emergency Economic Recovery Grant Program for certain business types, as established by Act 115, Act 137 and per the federal CARES Act. Additionally, the Vermont Expanded Emergency Economic Recovery Grant Program was an expansion of this program, as established by Act 115, Act 137, amended by Act 154 and per the Federal CARES Act.
Housing Assistance Programs
Governor Phil Scott, the Department of Housing and Community Development (DHCD), the Vermont State Housing Authority (VSHA), and the Vermont Housing Finance Agency (VHFA) administered $30 million in housing assistance to those affected by COVID-19. The programs utilized federal CARES Act funding to provide relief for those tenants unable to pay rent, landlords suffering from a loss of rent payments, and those lower income homeowners needing assistance in paying the mortgage.
Restart Vermont Regional Marketing and Stimulus Grant Program
The Restart Vermont Regional Marketing and Stimulus Grant Program was funded through an allocation of the Federal Coronavirus Relief Fund to provide grants to organizations for efforts and activities related to economic recovery, consumer stimulus, marketing, or tourism related projects to support businesses that have suffered economic harm due to the COVID-19 public health emergency. The grants were intended to enable local, regional, or statewide organizations implement campaigns and initiatives that will increase consumer spending, support local businesses, and advance community recovery efforts.
Buy Local Vermont Program
The Buy Local Vermont Program was a pilot program for consumer stimulus funded through an allocation of the Federal Coronavirus Relief Fund (CRF). Launched to consumers on Tuesday, September 8, the program was designed to maximize the effect of local consumer spending, including at restaurants, retail stores, entertainment and performing arts venues, lodging, and tourism-related businesses to support businesses in Vermont that have suffered economic harm due to the COVID-19 public health emergency.
Buy Local Holiday Marketing Program
The Vermont Department of Tourism and Marketing, in collaboration with the Vermont Agency of Agriculture, Food and Markets, launched BuyVermontMade.com, a holiday shopping promotional campaign to highlight Vermont producers and merchants. Supported via CARES Act funding, this campaign includes both statewide and regional components across an array of media. Statewide, the campaign encourages online and brick-and-mortar shopping at Vermont-based merchants. Regionally, the campaign supports online sales of Vermont-made products.
Vermont Ski Area Recreation Safety Grant Program
The Agency of Commerce and Community Development awarded more $2.5 million in federal Coronavirus Relief Grants to Vermont’s ski areas to provide a safe skiing and riding experience in the 2020/2021 season. 34 for-profit, non-profit, and municipally owned ski areas received assistance through the program for eligible construction, rental, personal protective equipment, and technology projects.
Small Business Recovery Technical Assistance Program
ACCD awarded more than $2.7 million in federal Coronavirus Relief Grants to non-profit organizations to increase the availability of technical assistance to pandemic-impacted businesses. 554 businesses received technical assistance provided through contracted services. 305 businesses and non-profit organizations received funding to provide that technical assistance.