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COVID-19 Emergency Economic Recovery Grant Program: Agency of Commerce and Community Development

Report Details

Submitting OIG: 
Vermont State Auditor
Report Description: 
Vermont created an Economic Recovery Grant (ERG) program in June 2020 to assist businesses suffering economic harm from the COVID-19 pandemic. The Emergency ERG program (Round 1.0) and the Expanded Emergency ERG program (Round 2.0) operated between June 2020 and December 2020. In total, the State allocated approximately $315 million for the two rounds of the ERG program. This money came from the $1.25 billion in federal assistance Vermont received through the Coronavirus Relief Fund. The objectives of this audit were to: (1) assess whether ACCD ensured that only eligible businesses received payments under the ERG program, and (2) determine whether ACCD’s use of revenue loss to assess financial harm effectively measured businesses’ need
Date Issued: 
Tuesday, September 21, 2021
Agency Reviewed / Investigated: 
State of Vermont
Submitting OIG-Specific Report Number: 
21-04
Location: 
VT
United States
Type of Report: 
Other
Professional Standard: 
Other
Questioned Costs: 
$0
Funds for Better Use: 
$0
Report File Link: 
https://auditor.vermont.gov/sites/auditor/files/documents/SAO%20Audit%20Rpt.%20N…

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