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February 2021 Newsletter
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Vermilion Economic Development Alliance
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Resources: Use One, Be One

February 2021


At the beginning of the pandemic we had several business clients avoid applying for COVID-19 small business loans and grants. Several thought that the help being offered "wasn't for them" or "should be reserved for others." But as we approach a year in lockdown, it is time to reconsider the resources available if you haven't already done so. In addition to grants and loans, there are several programs and services that can assist. Here are just a few. In the next section, we ask that you be a resource for us by filling out the Broadband Survey. 
 

South Central Planning & Development Commission
Corona Recovery Loan

  • Bridge loans designed to get you to the next phase of funding
  • $20,000 lump sum
  • 6-month deferral
  • 5-year amortization
  • 0% interest for years 1 & 2, 4% for years 3 & 4
  • View the Brochure or visit the website for details on eligibility and how to apply

Pivoting Your Business Model Webinar

  • Tuesday, Feb 16th, 10:00 AM to 11:00 AM
  • Hosted online for FREE
  • Facilitated by Louisiana Small Business Development Center
  • Register here

Work Experience Program

  • This program provides youth participants for opportunities for career exploration and skill development 
  • Program participants earn $8, paid directly by the Workforce Opportunity & Investment Act
  • Your business gets extra help at no cost to you for up to 500 hours
  • Download the flyer for more information
  • Contact Garrick Brown - Business Services Rep with Acadiana Workforce Solutions to participate: (337) 692-3353 or gbrown@wib40.org 
If you'd like to discuss any of these resources, or others, that can help you sustain or grow your business, we're happy to help. Reach out to Anne to book a visitation and assessment.  

Improving Internet Reliability & Affordability

The fight to bring reliable and affordable broadband to Acadiana’s rural communities has become as important as the fight to bring other rural utilities. Limited broadband internet service prevents access to telemedicine, remote learning, remote working, and e-commerce. Main street businesses are increasingly dependent upon broadband services to access a rapidly changing, global marketplace.

The Acadiana Planning Commission was awarded a grant through USDA to conduct a baseline assessment of broadband access and potential impediments to the expansion of broadband availability. The final result of the Acadiana Broadband Initiative will be a strategic plan for future broadband expansion for the region. To complete this initial assessment and plan we need you to follow the link provided, test your broadband speed, and complete the associated survey. It only takes about a minute and can have lasting positive effects. Please share with friends, family, and colleagues! 

Take the Survey

Goals Dashboard

The results are in! Check out our report for a thorough list of activities, across four categories, that our organization carried out in January. To view the 2021 Goals, click here.

Programs & Incentives

Economic Injury Disaster Loan

In response to the COVID-19 pandemic, small business owners, including agricultural businesses, and nonprofit organizations ican apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19.

FIND OUT MORE
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