Governor Phil Scott, the Agency of Commerce & Community Development, and the Vermont Department of Taxes announced expanded eligibility for Economic Recovery Grants for Vermont businesses negatively impacted by the COVID-19 pandemic. Under the original eligibility criteria, a business was required to have at least one W-2 employee who was not an owner of that business. Starting August 3rd, businesses with at least one W-2 employee – now including those who are an owner – are also eligible and encouraged to apply. This change refers to S corps, C corps, and LLCs.
At this time, eligible businesses include those who have experienced a 50% or greater drop in total revenue in any one-month period from March 1, 2020 through July 31, 2020, when compared with the same month in 2019.
Please visit this link for more information and to access a grant application: