Vermont Sole Proprietor Stabilization Program

Sole Proprietor Stabilization Program

Vermont Community Development Block Grant (CDBG) CARES Act (CV)

Program Overview

If you have received a request to provide additional information for your application, please go to: https://tempest-gems.com to access your application. 

View 
this tutorial video for step-by-step instructions for filling out and submitting the application.

 

This program requires a DUNS # to apply. See below.

Access to the pre-application is in the downloadable instructions found below.

    About    

Vermont’s CDBG Sole Proprietor stabilization grant program is designed to assist sole proprietors with no employees that have been impacted by COVID-19 and have remaining unmet needs that can be documented.   Businesses will be required to provide a duplication of benefit affidavit to document unmet need. 

 

This program will provide grants of $5,000, $7,500 or $10,000 to qualifying sole proprietors through a Lottery draw.  Funds may only be used for working capital to cover business costs, such as rent, utilities, and for retrofitting to meet COVID-19 requirements to re-open and remain open. This is not a first-come, first-serve program.

    Timeline    

  • Portal Opens – July 20, 2020

  • Pre-Application Submissions July 20, 2020 @ 8:00 EST until July 27, 2020 @ Midnight EST

  • Grant Application Submissions July 20, 2020 (once registration is approved) until July 31, 2020 @ Midnight EST

  • Lottery Draw August 14, 2020

  • Grant Awardees issued Subgrant Agreements Starting Week of August 17, 2020

  • Checks issued to Businesses Starting August 27, 2020

    Eligibility    

To qualify, you must be a bona fide business entity at the time of shut-down in the State of Vermont and defined as a sole proprietor.  Sole Proprietor is defined as someone who owns an unincorporated business by himself or herself, or as a Partnership or alternative business structure, and does not have W-2 employees regardless of how they are set up for tax purposes.  For example S Corps and Partnerships (such as a 2 person team) that do not have W-2 employees would be eligible.   The owner(s) of the enterprise must be a Vermont resident.  

Businesses must meet all of the following eligibility criteria:  

  1. Be a Sole Proprietor, do not issue W-2s to any employees.    

  2. Be a for-profit entity.

  3. Have a physical establishment (mailing address only is not sufficient) in the Vermont city/town of application.

  4. Provide goods or services to multiple clients or customers.

  5. Be in good standing with the State of Vermont and Vermont, city/town.

    1. Be current on all taxes due through March 31, 2020 or have a workout arrangement in place with the taxing entity.

    2. Active and valid state licenses/registrations, if applicable

    3. Not a party to litigation involving the State of Vermont or Vermont, city/town

  6. Have annual gross revenues greater than $25,000.

  7. Be able to document past or expected eligible costs of no more than ten (10) items totaling the amount of the grant award.

  8. Be able to show that paying these costs is a hardship due to loss of income between March 1, 2020 and September 1, 2020 as a result of COVID-19.

  9. Have been legally established prior to or as of January 1, 2020.

  10. Not be listed under the excluded business types (see below), and not be a subsidiary enterprise or franchise.

  11. S Corps that do not have W2 employees are eligible, but if you are an S Corp that has W2 employees you are ineligible for this program.  However, a second round of funding is expected in the near future, and S Corps with W2 employees will be able to apply to that lottery.  

 

Excluded Business Types

The following business types are excluded from participating in this program:

  • cannabis-related businesses

  • businesses owned by persons under age 18

  • businesses that are franchises or chains

  • weapons/firearms dealers

  • lobbyists

  • persons operating as independent consultants/contractors and providing services to a single entity

  • businesses located within the City of Burlington in Chittenden County (Note: Businesses located in Burlington are not eligible to participate in this round of funding. However, a second round of funding is expected in the near future, and Burlington businesses will be able to apply to that lottery.)

    Pre-Registration and Application Processing    

The program is being administered by:

 

Brattleboro Development Credit Corporation (BDCC) for the counties of Windham, Bennington, Rutland, Addison, Washington, and Lamoille.

 

Two Rivers – Ottauquechee Regional Commission (TRORC) for the counties of Windsor, Orange, Caledonia, Essex, Orleans, Franklin, Grand Isle, and Chittenden. 

    Pre-Registration and Grant Application Materials    

The Pre-Registration and Grant Application will be submitted via a web-based portal, Tempest-GEMS.  Paper applications will not be accepted.  Ensuring sensitivity to personal information, social security numbers will not be collected, but a DUNS # is required, and there is no charge. 

A DUNS # can be requested at https://www.dnb.com/

Visit https://youtu.be/IivjwzuTD3g for a tutorial on how to apply for a DUNS #.  

When you submit a pre-registration request you will need the following information:

 

When you submit a Grant Application you will be asked to provide the following information/documents:  

  • Driver’s license or state-issued photo ID (front and back as separate PDFs)

  • 2018 & 2019 Tax Returns  - please redact SS# leaving last 4 digits prior to upload.  

    • If you have not filed for 2019, then provide 2017 & 2018 Tax Returns

    • For Start Ups, provide 2018 Tax Returns

  • Detailed summary of revenue for impacted period in 2020 (i.e. March), and same period in 2018 (if applicable), or 2019

  • HUD Duplication of Benefit Information 

  • 2019 Housing and Urban Development (HUD) Family Income Statement of Applicant (this information does not impact your eligibility for this project but is required to meet federal data collection requirements)

    Application Instructions    

 

You must download the .PDF file linked below to access the full instructions.

NOTE: The link below will detail how to apply. Within the instructions is the link to the pre-application website with the corresponding username and password. The pre-application website URL is: ACCD.Tempest-GEMS.com and the universal username and password are in the instructions.

    Resources    

For Non-English Speaking Assistance please feel free to contact:

Asma Abunaib

Microbusiness Program

Champlain Valley Office of Economic Opportunity (CVOEO)

aabunaib@CVOEO.org

 

Goma Mabika

Hemant Tamang-Ghising

Vermont New American Advisory Council

Gomamabika@gmail.com

Hemantamang2009@gmail.com

 

All YouTube Videos are now available with subtitles.  The subtitles are presented in English, French and Spanish. 

IMPORTANT:  Dun & Bradstreet DUNS #: REQUIRED

 

THIS PROGRAM DOES REQUIRE AN APPLICANT TO HAVE A DUNS # PRIOR TO THE PRE-REGISTRATION PHASE FOR ACCESS TO THE TEMPEST-GEMS GRANT MANAGEMENT APPLICATION. 

 

TO REQUEST A FREE DUNS # GO TO https://www.dnb.com/

 

FOR A HOW TO REQUEST A FREE DUNS # GO TO https://youtu.be/IivjwzuTD3g

 

How to apply for a DUNS Number

Application Tutorial

Pre Registration Portal and Program Lifecycle 

BDCC Resiliency Webinar Program Overview

    Contact    

For General Assistance on questions not covered in the Frequently Asked Questions, contact:

 

Those located in the counties of Windsor, Orange, Caledonia, Essex, Orleans, Franklin, Grand Isle, and Chittenden can also reach out to Two Rivers – Ottauquechee Regional Commission at  CDBG-CV@trorc.org.

 

Those located in the counties of Windham, Bennington, Rutland, Addison, Washington, and Lamoille can also reach out to Brattleboro Development Credit Corporation at CDBG-CV@brattleborodevelopment.com.

A CALL CENTER IS NOT AVAILABLE FOR THIS PROGRAM, PHONE CALLS WILL NOT BE ACCEPTED OR RETURNED.