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January 7, 2013

Disaster Recovery Grant for Businesses: SRDC is Holding Application Workshops at The Dean Center

Filed under: SRDC — admin @ 2:15 pm

SRDC and Brattleboro Development Credit Corporation have received $1 million in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the Vermont Agency of Commerce and Community Development (ACCD) to assist businesses with “unmet disaster recovery needs” related to Tropical Storm Irene over one year ago. Unmet need refers to those items that are a direct result of flooding that have not yet been addressed through other means, such as FEMA, VEDA, or other grants, loans, or contributions. Eligible use of funds include repair of structure, repair or replace equipment, create or retain jobs, interest rate buy downs on private loans, rent subsidies and lost rental revenue.

This will be a highly competitive process as the documented unmet need greatly outweighs the funding. Working with the Business Application and Selection Criteria, a Selection Committee of representative individuals from each Region will make determinations as to which businesses will receive funding and the total amount of funds to be granted to each business. There will be 3 rounds of application due dates: January 31, 2013, February 28, 2013, and March 31, 2013. Applications must be complete to be reviewed.

Business owners will be asked to provide an overview of their operation, the background, financials, and project descriptions that will provide the information needed by the Selection Committee to make determinations. The Selection Committee will use Selection Criteria, which will include scoring on viability, impact on community and employment, and resiliency.

To assist with the application process, businesses are strongly encouraged to attend one of the workshops being provided in partnership with Small Business Development Corporation (SBDC) at either the Brattleboro or Springfield location. SBDC will provide direct assistance in completing the application and helping businesses to include all required materials to have a more competitive application. Business owners will not meet directly with the Selection Committee, so a strong application is the best approach.

Business Application Workshop Schedule:

Monday, Jan. 7th 5-7:30 p.m. – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Thursday, Jan. 10th 2-4:30 p.m. – Howard Dean Education Center, 307 South St, Springfield

Monday, Jan. 28th 5-7:30 p.m. – Howard Dean Education Center, 307 South St, Springfield

Tuesday, Jan. 29th 9-11:30 a.m. – Marlboro College Graduate School, 28 Vernon St, Brattleboro

Attendance at one of the workshops is free, but pre-registration is required. Please register at: https://vtsbdc.centerdynamics.com/Events.aspx?mode=0

The Grant Application is available at: http://www.springfielddevelopment.org/uploads/CDBG-DR%20Application.pdf