Governor Scott Announces Vermont Economic Relief and Recovery Package
Montpelier, Vt. – Governor Phil Scott today announced a $400 million economic relief and recovery package, using funds from the $1.25 billion the state received from the Federal CARES Act.
The two-phase proposal, which is expected to be the first of multiple packages necessary to fully recover, will start with $310 million for immediate emergency relief to the most impacted sectors and businesses to be followed by $90 million in long-term recovery investments.
“The relief and recovery package we are proposing today, takes bold action to bring support to Vermonters in need, as we continue to manage this public health crisis and open the economy back up,” said Governor Scott. “We are looking to address the immediate cash needs of businesses so they can survive, while also laying the foundation for our economy to emerge stronger and thrive over the long term. These local businesses and their employees drive our economy, put food on the tables of Vermonters and help fund critical needs for families, public schools and so much more. We must step up and act quickly to help them survive this emergency and go on to thrive in the future.”
















