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NVDA COVID-19 updates | Vermont Business Magazine


by David Snedeker, Northeastern Vermont Development Association
As you have likely heard there will be funding for local governments in the American Rescue Plan Act passed by Congress and signed into law. Your can find the bill here: American Rescue Plan Act . Title IX, Part 8, Subtitle M, Section 9901, Sections 602 and 603 are the most relevant Here, but there are a number of community services that are supported throughout the bill that may not be municipal in nature, but which will support community needs.
The exact amounts that will be available, the eligible uses, and the means of distribution of funds are not clear at this point, but it does appear that the funding will have a 3-year lifespan (i.e., expiration in 2024.) As guidelines are developed at the federal and state levels, and as we learn more, we ll pass along information to you as quickly as possible. ....

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NEK Economic Report: The first stimulus was federal, the second is local


Sun, 12/20/2020 - 2:12pm tim
Photo: Burke Mountain and other ski areas are adjusting to the new reality brought on by the Covid-19 pandemic. Burke expects far fewer skiers this season along with fewer staff. Courtesy photo
Manufacturing and real estate are driving ahead as hospitality struggles
Bruce Edwards, Vermont Business Magazine At the Northeastern Vermont Development Association, David Snedeker has spent much of his time this year helping businesses get the financial help they need to survive a year like no other.
Those efforts include hiring someone specifically tasked with helping companies through the COVID-19 pandemic, connecting them with Restart Vermont and its technical assistance program, said Snedeker, NVDA executive director. ....

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