The current pandemic and necessary resulting public safety measures have taken a toll on businesses of many kinds in the State of Vermont, including Sole Proprietors. In order to provide some relief to the economic pain that Sole Proprietors have had to endure, the launch of an economic relief grant program has been announced which will provide grants of $5,000, $7,500 or $10,000 to qualifying Sole Proprietors through a Lottery draw. The program is funded through $1.5 million from the U.S. Housing and Urban Development’s CDBG Program, and passed through the Vermont Agency of Commerce and Community Development (ACCD).
The registration window will be open from July 20, 2020 until July 27, 2020 and the Grant Application submission window will be open from July 20, 2020 until July 31, 2020. The lottery will take place on August 14, 2020.
For more information about the application process and requirements, view the press release here.