VBRA COVID-19 Updates and Resources
COVID-19 Updates: July 1, 2020 -
Vermont Emergency Economic Recovery Grant applications to go live Monday, July 6th.
The Agency of Commerce and Community Development will hold webinars for further guidance:
Friday, July 3rd at 8:00 am
Friday, July 3rd at 11:00 am
Effective June 26, event, arts, culture and entertainment venues, as well as restaurants can expand capacity for events and dining to 50% of approved occupancy size. This change will allow for indoor events of up to 75 people and outdoor organized events of up to 150 people.
Friday, May 29th - Governor increases limit on social gatherings to 25 people; No changes to construction sector guidelines.
The new gathering cap cannot be used to expand capacity at businesses (see below for retail capacity).
Also, close-contact businesses will be allowed to open June 1st - this includes indoor fitness centers, massage therapists, nail salons, spas,
home maintenance and cleaning.
The Be Smart, Stay Safe orders change frequently and can always be found HERE. Newest changes are in red.
June 4 - US Senate approves PPP Flexibility Act.
The legislation will greatly increase the likelihood that a large percentage of a borrower’s PPP loan will be forgiven.
If you haven't applied for PPP, with these changes, now is a good time to consider if the program will work for you:
-- Extends the "covered period" from 8 to 24 weeks.
-- The requirement that 75% of funds be used for payroll in order to have forgiveness is lowered to 60%.
-- Extends the June 30th "re-hire" deadline to December 31, 2020.
-- For new loans, the term period is extended from 2 years to 5 years.
As of Friday, May 22nd, construction on interior occupied structures is now allowed.
For our Retail Partners -
Effective May 18, non-essential retail operations are limited to 25% of approved fire safety occupancy; or 1 customer per 200 square feet; or 10 total customers and staff combined, whichever is greater. Operators must post their temporary occupancy limit, and which method was used to determine it, prominently on all entrances.