Governor Scott Press Covid-19 Conference Notes
Remember Cliff Notes? We know how hard it is to dedicate 90 minutes to listening to a press conference. We also know that there is information discussed in these weekly press conferences that can impact your lodging business. Each week VLA’s lobbyist, Downs Rachin Martin, attends Governor Scott’s Covid-19 press conference and takes notes for you.
State of Vermont Agencies: Covid-19 Resources
ACCD Webinar | PPP second Draw Webinar
The Vermont Agency of Commerce and Community Development (ACCD) will host an update on the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan programs (EIDL). Dr. Patsy Kelso, the State of Vermont’s Epidemiologist for Infectious Diseases, will also deliver an update on Vermont’s vaccination distribution policy.
Wednesday, January 13, 2021 from 3:00pm – 4:00pm
Call in at 802-828-7667 (Conference ID: 514 708 204#) or register to join online.
Employee Retention Tax Credit (ERTC) | What you Need to Know
The ERTC was created under the CARES Act in March of 2020 and Amended Under the Consolidated Appropriations Act 2021. This short presentation explains what the ERTC is and how it fits in with the Paycheck Protection Program. You may be eligible for both! Slides provided by Thomas Lauzon, CPA and member of Governor Scott’s Restart Vermont Task Force.
Unemployment Insurance Update
Many unemployment Insurance programs under the CARES Act have been extended into 2021. Federal Pandemic Unemployment Compensation (FPUC) program, has been reinstated to provide claimants with an additional $300 per week. Updates to FPUC and other programs including Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC), can be found at the Department of Labor website.
ACCD Signage for Businesses
ACCD has signage available for businesses to help educate visitors as to Covid-19 guidance. Find the signage at the ACCD COVID-19 Recovery Resource Center.
Federal Agencies: Covid-19 Resources
PayCheck Protection Program (PPP) 2nd Draw Application
Hotels and Restaurants who have suffered at least 25% loss in any quarter of 2020 who have a NAICS codes starting in 72 will qualify for 3.5 x earnings in this round of PPP. Attached is the application for the 2nd draw of PPP and a Top-line overview of the program.
Economic Injury Disaster Loan (EIDL) Updates
The deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration has been extended to December 31, 2021. Visit the SBA website for full details.
American Hotel and Lodging Association (AHLA) Resources
Covid-Relief Bill Comparison
View AHLA’s one page comparison of the Cares Act and the new relief bill.
AHLA Safe Stay® Program
This well-structured program is fast becoming the industry standard endorsed by public health experts in infectious disease. AHLA presents enhanced hotel cleaning practices, social and workplace protocols to confront the new health and safety expectations presented by COVID-19.