Resources for MRV Businesses
Updated: 4/30 @ 10:30 am
Here are resources we have compiled to assist MRV businesses deal with the COVID-19 Crisis. Clearly the situation is fluid and is being updated constantly so please be sure to check back;
The Mad River Valley Emergency Response Team Facebook Page has been created to provide you OFFICIAL up to date information from our towns, state leaders, and national decisions. PLEASE follow the page and share it aggressively.
Helpful links for MRV businesses;
Guidance With Respect to the Governor’s Most recent Stay Home/Stay Safe Order:
- Updated State Business Sector-Specific Guidance (from Agency of Commerce & Community Development)
- Updated Business Frequently Asked Questions (FAQs)
Business Help & Advice
Many business owners can really use some good advice these days and there are some valuable free resources out there:
The Vermont Small Business Development Center is offering virtual advising via phone, email and video calls.
SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs and they have stepped up their efforts during this crisis
More Useful Links:
- Agency of Economic Development Guidance for Vermont Businessest
- Department of Labor COVID-19 FAQ’s for Businesses
- Department of Health COVID-19 – What You Need to Know
- Vermont Emergency Management Information
- Vermont Retail and Grocers Association – COVID-19 Resource Guide
The Cares Act – The Federal Response to the COVID-19 Crisis
The CARES Act, is designed to provide relief to individuals, families, and business owners during this time in an effort to shore up our nation’s economy as we weather this pandemic and its impacts. There are a number of provisions that will be of great assistance to small businesses and self-employed individuals. The Vermont Agency of Commerce and Community Development (ACCD) has put together a very helpful site with in-depth information about the various provisions in the CARES Act. The ACCD Small Business Owner’s Guide to the CARES Act provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
The Vermont Department of Labor’s Pandemic Unemployment Assistance (PUA) is available to accept unemployment claims from those not eligible for the regular Unemployment Insurance program such as self-employed, sole proprietors, independent contractors, and others. We’ve heard mixed reviews as to how it is working; have you applied? How did it go? Send a note and let us know email@example.com.
Individuals that are eligible for PUA are also eligible for the additional $600 weekly benefit through the Federal Pandemic Unemployment Compensation Program, which provides the additional benefit through July 25, 2020. Weekly benefit amounts will be determined by 2019 earnings and this week, S. 341, which allows the disclosure of tax information to facilitate unemployment assistance benefits, passed the House and will be headed to the Governor’s desk to be signed into law. The bill will make it legal and easier for the Vermont Department of Taxes to share tax information with the Vermont Department of Labor in order to verify claims. More information on the PUA application process and eligibility can be found at https://labor.vermont.gov/pua.
Pandemic Unemployment Assistance Hotline
Learn more about Unemployment Insurance program details via The Vermont Dept. of Labor Virtual Town Hall Meetings
Individuals looking to establish an initial claim can contact the Department of Labor in the following ways:
- Full-Service Filing of Claims: 1-877-214-3330 (individuals should try this line first)
- Supplemental Initial Claim Intake: 1-888-807-7072 Electronic:
- Electronic Form for Initial Intake
Special New Hours for Unemployment Center Claims
Monday – Friday: 8:15am – 6:00pm
Saturday: 9:00AM – 3:00PM
Small Business Administration
The Small Business Administration has created a SBA Guide for Small Businesses and Employers to Plan and Respond to COVID-19. We have also been in touch with our contact at the Vermont SBA office. They want the business community to know that they working closely with their Disaster Loan folks, the State of VT, Emergency Management and others. They have some basic info about the SBA Disaster Assistance Resources for Businesses. The local SBA office will keep us posted as the situation develops.
The Mad River Valley Community Fund
The MRVCF created a short form application for assistance in response to a variety of Covid- 19 concerns and challenges we face as a community. In an effort to bridge the gap between layoffs and receipt of unemployment benefits. They have created an expedited financial support process. Following the link, enter the information and select submit when finished. Rebecca Baruzzi, the program coordinator, will be in contact with you regarding your application.
Coronavirus & Business Insurance – What you need to know – Thanks to John Jamieson for supplying this important information
Be in touch with your banker if you foresee issues making loan payments or need a short term loan for working capital.
If you are having difficulty with loan payments, whether they are car loans, credit cards, mortgages, business loans or other obligations, contact your lender immediately. The Vermont Economic Development Authority (VEDA), credit unions, and banks will work with borrowers to the maximum extent possible to alleviate financial pressure.
If you rent your space be sure to talk to your landlord now if you foresee rent becoming a problem down the line.
MRV Chamber Initiatives
Beyond this resource page the chamber has created a Help MRV Businesses NOW, web page aimed at encouraging our community near and far to support our local business community. The idea is to encourage folks to buy gift certificates at local businesses and to help create some cash flow to the business which will help them pay their bills until this crisis ends. If you want to add your business to the Gift Card list please contact us the MRV Chamber
As a community service we have publishing a web page outlining the status of our local business community arranged by sector. There is also a specific list of Take-Out Meals available in the MRV, Please make sure that your information is accurate and/or if you note anything that is incorrect.Please contact us with information.
All of these pages are linked from the homepage of the MRV Chamber website.