By Scott Waterman, VT Agency of Agriculture, Food & Markets
Governor Phil Scott and the Vermont Department of Economic Development (DED) have announced that the Business Emergency Gap Assistance Program (BEGAP) application portal is now open. BEGAP is a grant program for businesses, nonprofits, landlords, and farms that suffered physical damage from flooding. It is available for properties damaged in 2024.
“As Vermonters continue efforts to recover from the devastating flooding of the last two years, BEGAP has been an important lifeline for our businesses who often are not eligible for federal disaster grants,” said Governor Scott. “I’m pleased we are restarting this program to help more employers receive the necessary support to rebuild, reopen, and bring people back to work.”
“We understand that the challenges faced by our businesses and nonprofits have only intensified with the recent floods,” said DED Commissioner Joan Goldstein. “Our team at DED has been working diligently to relaunch BEGAP and ensure those impacted receive support to rebuild and reopen. While we know this funding won’t make them whole, we are hopeful that it will provide a crucial step towards recovery.”
You are encouraged to visit the Business Emergency Gap Assistance Program page to learn how the program works and what you need to have on hand before beginning the online application process. Eligibility and grant calculations differ depending on several factors.
2024 BEGAP Funding: Applications are due November 15, 2024 for properties affected by the 2024 floods. Grants will cover 30% of net uncovered damages, up to $100,000. Preference will be given to Vermont-based operations, and 10% of funds have been set aside for Black, Indigenous, and Persons of Color applicants.