Q: Can donations be directed toward a particular grant category?
A: Yes, donors have the option of directing their support into one or more of the following categories: Downtown Vitality, Green Economy, Health & Wellness,Local Food System, and Social Change. The donor will be prohibited from claiming their funds are directly supporting any of the individual businesses awarded grants.
Q: How many grants will VBSR be giving out?
A: VBSR hopes to award a minimum of five grants of $10,000 plus technical assistance.
Q: Will the grants be awarded statewide?
A: Yes, statewide representation will be prioritized alongside eligibility and criteria.
Q: Who is eligible for VBSR Small Business Resiliency Fund grants?
A: For-profit (business) members of Vermont Businesses for Social Responsibility (VBSR) meeting the following:
- Applicant’s VBSR membership must be in good standing, and they must have joined VBSR prior to 12/31/19
- Business must be in good standing with the State of Vermont
- Business must employ 30 or fewer employees (FTE)
- Annual revenues of the business must be greater than $50,000 and less than $5 million
- Business must operate in Vermont and have a majority of its shareholders in Vermont
- Businesses who can demonstrate excellence in one or more of the following categories:
- Downtown Vitality
- Green Economy
- Health & Wellness
- Local Food System
- Social Change
- Businesses who can demonstrate financial stress or disrupted operations related to COVID-19, such as:
- Inability to make loan payments due to reduced sales or suspended operation
- Increased cost related to COVID-19 prevention measure
- Disrupted supply network leading to shortage of critical inventory or materials
- Required cease of operations due to government mandate
- Other circumstances subject to review on a case by case basis
Non-profit organizations are not eligible. Businesses with full or partial ownership by VBSR staff, VBSR Board members, or their families are not eligible.
Q: Why are non profits not eligible for grants?
A: The intent of the VBSR Small Resiliency Fund is to provide assistance to for-profit enterprises who have been negatively impacted by mandatory closures and other affects on business operations by COVID-19.