State Announces New Small Business Relief Program
BDCC Partners with RDCs of VT to Deliver $1.17 Million in Technical Assistance Statewide
Your town, Vermont – On September 18th, Governor Phil Scott and Lindsay Kurrle, Secretary of the Agency of Commerce and Community Development announced the distribution of $2.5 million in federal CARES Act funding for Restart Vermont Technical Assistance. This funding will deliver robust support to Vermont businesses impacted by the economic downturn due to COVID-19. The funding, allocated by the Vermont General Assembly in Act 137, leverages existing statewide and regional assets to reach a broad range of companies in every sector and region.
The Regional Development Corporations of Vermont (RDCs of VT) were among five organizations selected to implement Restart programming. The RDC program, Restart Vermont Technical Assistance (ReVTA), will leverage a regional and statewide network of for-profit and non-profit technical assistance providers to help small businesses. Each RDC will deploy a Recovery Navigator to work one-on-one with businesses and determine the best form of technical assistance to help each business on its path to recovery. The Navigator, client business, and technical assistance provider will develop a scope of work appropriate to solving the client’s issues. The cost of the work will be covered by the grant. The program is expected to assist over 250 businesses with grants averaging $3,000.
In the Windham Region, the RDCs ReVTA Program will be administered by the Brattleboro Development Credit Corporation. Businesses that have been impacted by the COVID-19 pandemic and would like to receive technical assistance and businesses that can provide technical assistance should register to participate in the program at: www.vermonteconomicdevelopment.com.
About 250 businesses are expected to receive technical assistance through the ReVTA program between now and December 20, the deadline to expend CARES Act funds. Technical Assistance providers are encouraged to register now. Businesses who wish to apply can do so beginning September 21st. Links to registration, webinar trainings, and more information on the RDCs of Vermont Restart Vermont Technical Assistance Program can be found at www.VermontEconomicDevelopment.com.
CONTACT
Adam Grinold, Executive Director
Brattleboro Development Credit Corporation
(802) 257-7731
agrinold@brattleborodevelopment.com
www.brattleborodevelopment.com
The Brattleboro Development Credit Corporation (BDCC) is a private, nonprofit economic development organization that serves as a catalyst for industrial and commercial growth throughout Southeastern Vermont, including Windham County and the towns of Readsboro, Searsburg, Winhall and Weston. BDCC serves as the State of Vermont’s certified Regional Development Corporation (RDC) for the greater Windham County area. BDCC is one of 12 RDCs throughout Vermont. This BDCC activity was made possible in part by a grant from the State of Vermont through the Agency of Commerce and Community Development. For more information visit: https://brattleborodevelopment.com/
