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New COVID relief federal stimulus & Vermont s creative sector

Paycheck Protection Program The CAA bill authorized new rounds and additional funding for the Paycheck Protection Program (PPP), which opens starting this week for new borrowers and certain existing PPP borrowers. Loans under $150,000 will be forgiven via a simple one-page form. Key PPP updates include: PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs; PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures; The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;

PPP/FFCRA Informational Webinar

PPP to Reopen January 11th The U.S. Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program will re-open the week of January 11th for new borrowers and certain existing PPP borrowers. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021. PPP/FFCRA Informational Webinar Earlier this week ACCD hosted a webinar for Vermont businesses regarding updates to the Paycheck Protection Program (PPP) and the Families First Coronavirus Response Act (FFCRA). You can now view a recording of the webinar, which included ACCD leadership, the Vermont Department of Labor, the Vermont Bankers Association, and the Small Business Administration (SBA) Vermont District Office talking about updates to the program.

Letter: Focus on recovery

To the editor: Open Letter to Governor Phil Scott and the Vermont Legislature: We appreciate the challenge of governing during a global pandemic. Instead of meeting with colleagues and constituents, we now rely on video chat, texts, emails, and phone calls. We are in an extraordinary time, where safety requires us to maintain physical distance from one another. We believe government is essential and applaud the efforts to adapt. We cannot allow this virus to grind the gears of government to a halt. Even so, this is not the time for business as usual, especially for the Vermonters we represent. Although state leaders have strived to keep engagement up between the citizens, committees and the Administration, the 2020 session provided many examples showing major challenges to gathering necessary data and testimony to craft quality policies. The organizations listed below represent hundreds of thousands of working Vermonters. We ask that our elected leaders of all political parties fo

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