Please note that the Guidance for the Vermont Emergency Economic Recovery Grant Program, Vermont Expanded Economic Recovery Grant Program, Act 154 Vermont Independent Colleges COVID-19 Impact Grant, Act 137 Coronavirus Municipal Records Digitization Grant, and Act 137 Local Government Expense Reimbursement Grant will remain available to grantees for informational purposes only. The application periods for the grant programs listed here are now closed.
For questions about the Vermont Emergency Economic Recovery Grant Program or the Vermont Expanded Economic Recovery Grant Program please contact us at firstname.lastname@example.org or (802) 828-6611. Our staff is available 7:45 a.m.—4:30 p.m. Monday—Friday. We apologize for any delays in responding or long call wait times due to high volume.
If you are a grant recipient and are seeking further information about the Act 154 Vermont Independent Colleges COVID-19 Impact Grant, Act 137 Coronavirus Municipal Records Digitization Grant, or the Act 137 Local Government Expense Reimbursement, or if you have questions about the details of these CRF funding initiatives, please contact: TAX.MuniGrants@vermont.gov.
Vermont Emergency Economic Recovery Grant Program and the Vermont Expanded Economic Recovery Grant Program
The Vermont Department of Taxes together with the Agency of Commerce and Community Development administered the Vermont Emergency Economic Recovery Grant Program for certain business types, as established by Act 115, Act 137 and per the federal CARES Act. The Vermont Expanded Emergency Economic Recovery Grant Program was an expansion of this program, as established by Act 115, Act 137, amended by Act 154 and per the Federal CARES Act.
Frequently Asked Questions
If I get a Paycheck Protection Program (PPP) loan in 2021, will that factor into my unmet need for the Economic Recovery Grant my business received in 2020?
No, new PPP loans obtained after 2020 from the latest stimulus bill or a future bill will not impact previously received Economic Recovery Grants. The Economic Recovery grant program was designed to reimburse revenue lost by businesses in 2020 and calculated unmet need based on 2020 revenue loss and aid.
What can businesses use the grant funds for?
The Vermont Economic Recovery Grants are being issued to help provide economic support to your business, which has been impacted by decreased customer demand due to the COVID-19 public health emergency. The funds can be used both to pay necessary expenditures that your business faces, and costs directly associated to your business’s response to COVID-19.
Is there a time limit on when I can spend the grant?
Yes. Eligible businesses certified during their application processes that they would spend grant funds by December 30, 2020.
Are the Economic Recovery Grant funds taxable income?
Funds awarded from the Economic Recovery Grant may be considered taxable income. Recipients will receive a Form 1099-G, Certain Government Payments, in January 2021. Applicants are encouraged to discuss their tax situation with their accountant or financial advisor.
Yes. According to law, the identity of grant recipients and the amount received are both public information. Information regarding grant recipients is published on the Vermont Agency of Commerce and Community Development's website.
Where may I find additional resources available for my business to help with the economic downturn from COVID-19?
The Vermont Agency of Commerce and Community Development has released a COVID-19 Recovery Resource Center available on their website at accd.vermont.gov/covid-19.
In 2020, the Federal CARES Act established the Coronavirus Relief Fund (CRF) to provide payments to state and local governments navigating the impact of the COVID-19 outbreak. The Vermont Legislature enacted a series of CRF grant opportunities for various Vermont entities to support necessary expenses incurred due to, or as a result of, the COVID-19 public health emergency. The following three grant programs were part of the funding initiatives supported by the Coronavirus Relief Fund:
The Act 154 Vermont Independent Colleges (VIC) COVID-19 Impact Grant covered COVID-19-related losses or expenditures incurred during the March 1, 2020 to December 30, 2020 CARES Act timeframe.
|Total Grant Funds Disbursed||$10,000,000|
Coronavirus Municipal Records Digitization Grants provided economic support to town offices which were impacted by increased customer demand due to the COVID-19 public health emergency, but were unable to successfully allow those customers to search land records. The funds were used to cover costs directly associated with digitizing land records incurred during the March 1, 2020 to December 30, 2020 CARES Act timeframe.
|Total Grant Funds Disbursed||$1,751,144|
Act 137 Local Government Expense Reimbursement Grant
This Coronavirus Relief Fund grant reimbursed local government entities for COVID-19 expenses such as hazard pay, supplies and equipment, sanitation, and facilities alternations not already covered by insurance or Federal Emergency Management Agency (FEMA) funding. Units of local government received free assistance from their Regional Planning Commissions to identify and document eligible COVID-19 expenses incurred during the March 1, 2020 to December 30, 2020 CARES Act timeframe.
|Total Grant Funds Disbursed||$7,394,125|