Short Window of Opportunity for Small Business
The Vermont Legislature allocated $2.5 million of federal CARES Act funding for small business technical support in Act 137. Governor Scott and the Agency of Commerce and Community Development announced that Vermont’s Regional Development Corporations (RDCs) would be responsible for deploying $1,400,000 in technical assistance funding for small businesses through the Restart Vermont Technical Assistance Program (ReVTA).
The financial awards will be used to contract with Vermont small businesses and non-profits who will, in turn, be compensated to provide technical assistance (TA) to businesses who have been negatively impacted from COVID-19.
Recovery Navigators have been established in each region of the state. Navigators will engage businesses impacted by the pandemic to establish a recovery solution and identify an appropriate technical assistance provider and technical assistance scope of work. Technical assistance includes, but not limited to: assistance for business operations; financial management; digital strategies; architecture and design; re-configuring products or processes; updating safety measures; technology and software consulting; marketing services; business pivot consulting services; and legal or professional services
Awards for technical assistance, anticipated to be about $3,000 each, will be paid following the completion of scope of work which must be completed no later than December 4, 2020.
The RDCs are hosting a series of webinars, the first one is Friday, September 25, click here to register.
For more information visit: https://www.vermonteconomicdevelopment.com/
