Vermont Economic Recovery and Relief Package Announced
On May 20th Governor Phil Scott proposed a $400 million economic relief and recovery package, using federal CARES Act funds. The two-phase proposal will start with $310 million for immediate relief to the most impacted sectors and businesses to be followed by $90 million for long-term recovery efforts. The Agency of Commerce and Community Development and the Governor will now work with the legislature towards passage of this historic relief package. Full details of the plan can be found at the ACCD Recovery Resource Center.
ACCD is also hosting a series of sector-based webinars to help explain the relief and recovery package and how it will support various sectors throughout the economy. We welcome all to take part in the general or sector-specific presentations over the next week.
GMEDC strongly recommends businesses take part in in the sector webinar that pertains to them:
All-Sector Presentation Thursday, May 21 from 3:00pm – 4:00pm
Restaurant Industry Presentation Friday, May 22 from 11:30am – 12:15am
Lodging & Tourism Presentation Friday, May 22 from 3:00pm – 3:35pm
Retail Industry Presentation, Tuesday, May 26 from 12:15pm – 1:00pm
Brewery/Distillery Presentation, Tuesday, May 26 from 3:00pm – 3:45pm
All the log-in information can be found HERE.