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Vermont Chamber Pushes Legislature to Ease Restrictions for Business Recovery Grants
The Vermont Chamber testified in the Senate Economic Development Committee urging changes to the $30 million Bridge Grant program to make the application process easier so businesses can access these funds. With only $3.6 million allocated in 2021, the Committee appears willing to make changes to accomplish this goal. The Vermont Chamber aims to protect this funding from being reallocated toward other programs and supports providing the Agency of Commerce greater discretion to determine need beyond just a net loss year over year. Priority should be given to applicants in the restaurant and lodging sectors, which have been impacted most. The Vermont Chamber also urged the Committee to make this change in the first month of the legislative session to expedite the grant relief to businesses who are now faced with further impacts due to the fast-spreading Omicron variant. Read the Vermont Chamber’s full testimony here.
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