The following is an excerpt from the High Meadows Fund's blog post titled 'Working Together to Address COVID-19 Challenges'.Read more about "High Meadows Fund: Working Together to Address COVID-19 Challenges"
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The Vermont Community Foundation Announces $1 Million Main Street Business Relief Fund for Arlington, Dorset, and Manchester
Today, the Vermont Community Foundation, in partnership with area philanthropists and private foundations led by a local anonymous donor, announced the creation of a Main Street Business Relief Fund for Arlington, Dorset, and Manchester that will direct at least $1 million in support to small businesses that provide core services to the local community, animate the area’s vibrant hospitality industry, and contribute to the region’s economic vitality. Foundation staff worked closely with the lead donor to design the grant program, coordinate and manage key partnerships, and set up the logistics for the application, review, and grant award process.
“Our family has been enjoying this community for nearly 50 years, and Vermont has had a huge influence on our children and grandchildren,” says the anonymous lead donor. “We love Vermont and want to see it remain the special place that it is. We have gotten involved not only because our community needs help, but because others do too, and hopefully this fund to assist small businesses will become a template for other communities across the state.”
To maximize support to “main street” businesses, and comply with government rules on grants to businesses impacted by a disaster, priority will be given to businesses with gross revenues under $1 million in the following sectors: food; lodging; retail; personal care and wellness; fine crafts and art galleries; landscaping and home care; and pet care.
“In every Vermont community, small businesses, shops, and restaurants set the tone, create vibrance, and offer us ways of coming together—they are critical to our social fabric,” says Dan Smith, President & CEO of the Community Foundation. “The Manchester region has an incredible history in that regard, attracting visitors from across New England and beyond. This partnership is an innovative, replicable vision for sustaining that fabric in a challenging time.”
The donors are making a public call for others to join them to raise $1.5 million to increase the number of businesses that can be aided with this fund as well as the size of grants. Tax deductible donations can be made at vermontcf.org/MainStDonate.
For businesses interested in applying to the Main Street Business Relief Fund, and a full list of eligible business sectors, please visit vermontcf.org/MainStApply.