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Final Update 9/15/2021  With no new Covid-19 relief programs planned, this is the final update to the State Auditor's tracking of federal Covid-19 relief programs. Additional information about Covid-19 expenditures is available from the Vermont Legislative Joint Fiscal Office.

Small Business

The U.S. Small Business Administration oversees several assistance programs:

  • The Paycheck Protection Program (PPP) is a loan program designed to incentivize small businesses and nonprofits to keep their workers on the payroll. The SBA may forgive these loans if employee retention criteria are met and funds are used for eligible expenses.
  • Economic Injury Disaster Loans (EIDL) are loans intended to provide economic relief to small business and nonprofits that are experiencing a temporary loss of revenue.
  • Shuttered Venues Grants
  • Restaurant Revitalization Fund

The graphics below show how these funds were distributed in Vermont.

 

Source: SBA COVID-19 relief programs https://www.sba.gov/funding-programs/loans/covid-19-relief-options