Montpelier, Vt. - Governor Phil Scott, the Agency of Commerce and Community Development (ACCD) and the Department of Economic Development (DED) today announced the launch of the latest economic recovery funding for Vermont businesses. Opening on Monday, June 7, the Economic Recovery Bridge Program is expected to deliver $30 million in financial relief to businesses who have not received state and federal funding due to eligibility constraints and to businesses who can show a continued loss of revenues due to the COVID-19 pandemic.
“As we move out of the pandemic emergency and into our long-term recovery, it’s so important that we support Vermont’s small businesses and employers, who are the backbone of our economy,” said Governor Scott. “These grants will provide critical relief in the short term, allowing them to rebuild a stable foundation for their economic futures.”
Montpelier, Vermont: May 21, 2021 – Over the past ten years, the Vermont Farm Fund, a non-profit revolving loan fund, has made over 2 million dollars in loans to Vermont farmers and food producers to help build the local agricultural economy. Originally founded by Pete’s Greens and the Center for an Agricultural Economy in 2011 in response to Tropical Storm Irene, the Vermont Farm Fund has grown to provide not only emergency loans to farmers who have experienced a fire, flood or storm, but also to help food-related businesses grow and expand.