BRATTLEBORO -- Brattleboro Development Credit Corporation and Springfield Regional Development Corporation recently announced they have been awarded a $1.5 million Community Development Block Grant for Disaster Recovery Round 2. The RDC's have been providing small grant for flood-impacted businesses throughout Windham and Southern Windsor Counties. This latest award will continue to assist small businesses with flood-related damage resulting from Tropical Storm Irene, as well as flood mitigation efforts, engineering fees, flood insurance premium payments, and funding toward the reuse or improved usage of flood affected buildings.
To date, BDCC and SRDC have assisted 43 businesses and allocated approximately $1.25 million in grants ranging from $1,300 to $75,000. The funds are being used for remaining unmet needs at small businesses, non-profits, and farms to continue to assist them in their recovery from the effects of Tropical Storm Irene almost three years ago.
"BDCC is excited to continue its involvement with the SRDC and the Agency of Commerce and Community Development's CDBG-Disaster Recovery Program in our mission toward improved economic development opportunities," said Interim Executive Director at BDCC, Stephan Morse. "The influx of the DR-2 funds also provides for newly eligible funding criteria, such as flood mitigation efforts and revitalization of flood affected buildings."
The RDC's will begin another round of workshops and applications beginning this month.
This funding is made available from Community Development Block Grant Disaster Recovery funds in the total amount of $17,932,000. The CDBG-DR2 allocation from the U.S. Department of Housing and Urban Development supplements an award of $21,660,211 made to the state in 2012. As provided for by the Disaster Relief Appropriations Act of 2013, Vermont will use CDBG-DR II for housing, economic recovery and infrastructure activities.
The process will again be competitive and technical assistance will be provided by BDCC and SRDC staff. More information on the timing and announcements related to upcoming workshops and application materials are available on the BDCC and SRDC websites, www.brattleborodevelopment.com or www.springfielddevelopment.org. Vermont Small Business Development Center will provide a limited series of technical assistance seminars for businesses that want help with the application. These workshops are mandatory unless you have already attended. Businesses are welcome to re-apply. The dates for the workshops and links to register are on the websites.
For more information on the CDBG-DR2 program and an update on the timeline and new criteria please contact: April Harkness, BDCC, 802-257-7731, ext. 220, or Paul Kowalski or Heather Hartford, SRDC, 802-885-3061.