Wisconsin Establishes $75 Million Small Business Grant Program
Businesses in Wisconsin with 20 or Fewer Employees Can Qualify for $2,500 Grants
(Released Monday, May 18, 2020)
The Wisconsin Economic Development Corporation (WEDC) will establish a $75 million grant fund to help businesses struggling due to the COVID-19 pandemic.
Governor Tony Evers’ announced the program, entitled We’re All In, in a press release distributed Monday morning, May 18, 2020.
An estimated 30,000 businesses with 20 or fewer full-time employees will qualify for the $2,500 grants.
These cash grants will assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages, and inventory.
We’re All In was largely by federal dollars received by Wisconsin through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The governor’s office promised more details later in May.
WEDC will begin accepting grant applications in June.
Read more here: https://content.govdelivery.com/accounts/WIGOV/bulletins/28c2d0c (link to Ever’s press release).