The state’s Emergency Board this week approved a special loan program for businesses that have sustained damage during recent floods. Under the program, businesses and non-profits can apply for a maximum loan of $25,000 with no payments or interest for the first year. As much as $4 million will be available through the Vermont Economic Development Authority for the program.
VPR’s Bob Kinzel talks with VEDA director Jo Bradley about the terms and goals of helping businesses recover.