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PPP Update
As the U.S. Small Business Administration (SBA) opens the Paycheck Protection Program (PPP) application portal to lenders, ACCD is encouraging businesses to explore applying for the more than $284 billion has been allocated to this program nationally.
Friday, the portal was opened to lenders with $1 billion or less in assets for First and Second Draw applications. The portal will fully open on Tuesday, January 19th to all participating PPP lenders to submit First and Second Draw loan applications to the SBA.
Businesses can learn more learn more about First and Second Draw loans at the SBA website. A recording of a webinar ACCD and the SBA held earlier this week to discuss the program, eligibility, and application process is now available at the ACCD COVID-19 Recovery Resource Center.
Tue, 01/12/2021 - 10:55am tim
by Fred Kenney, Executive Director, Addison County Economic Development Corp and President of the Regional Development Corporations of Vermont When COVID-19 hit, businesses and organizations across Vermont were scrambling to adapt to a new virtual and contactless world. In response to the changing economy, the Regional Development Corporations of Vermont (RDCs) worked quickly to launch the ReStart Vermont Technical Assistance Program, or ReVTA program, designed to deliver critically important technical assistance to hundreds of businesses and organizations looking to adapt business practices, retrofit space and access new technologies.
The magic behind this effort is its simplicity. The RDCs of Vermont twelve independent entities collaborated as we often do, to put the critical needs of businesses and organizations front and center in our pandemic response.