MONTPELIER, Vt. (AP) — Vermont Gov. Phil Scott is expected to announce a big economic stimulus package Wednesday to help businesses struggling amid the coronavirus-related shutdown.
Senate President Tim Ashe said that he expects it to be a $300 million to $400 million package for small businesses and nonprofits, using part of the $1.2 billion that Vermont received from the economic rescue law known as the Cares Act. It would help qualifying businesses pay expenses like mortgage payments and utilities, he said.
“I think the scale of it is probably appropriate,” Ashe, a Democrat from Chittenden County, said Tuesday. “Our downtown villages are defined by restaurants, small retail, small locally-owned stores. Many of the owners of those establishments have not been eligible for anything.”